Central African GOLD Announces Stock Options

Central African Gold I nc. |Suite 1080, 789 West Pender Street, Vancouver, B.C., Canada, V6C 1H2 1

CENTRAL AFRICAN GOLD ANNOUNCES STOCK OPTIONS

Vancouver, British Columbia - (September 1, 2020) – Central African Gold Inc . (TSXV: CAGR;

FSE: BC2; OTCQB: NDENF) (the “ Corporation ” or “ Central African ”) announces the grant of

2,000,000 incentive stock options (the “ Stock Options ”) to certain of its directors, officers,

consultants and employees pursuant to the Corporati on’s Stock Option Plan. The options are

exercisable for a period of five years at a price of CAD$0.40 per share.

About Central African Gold Inc.

Central African is a natural resource company with a primary focus on the acquisition, exploration,

development and operation of mineral projects in the Democratic Republic of the Congo (“ DRC ”).

Central African currently holds rights to nine mineral projects strategically located in the southern

DRC CopperBelt. Central African has the intention to acquire interests in additional concessions

or relinquish concessions in the normal course of b usiness. Central African has an experienced

management team currently located in the southern CopperBelt of the DRC.

For further information, please contact:

Stephen Barley, Chairman & CEO

Phone: (604-834-2968)

Email: [email protected]

Website: www.centralafricangold.com

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking informa tion” within the meaning of applicable securities l aws including,

but not limited to, statements relating to the Corp oration’s change of name or change of trading symbo l. Although the

Corporation believes considering the experience of its officers and directors, current conditions and expected future

developments and other factors that have been consi dered appropriate, that the expectations reflected in this forward-

looking information are reasonable, undue reliance should not be placed on them as the Corporation can give no

assurance that they will prove to be correct. Actua l results and developments may differ materially fr om those

contemplated by these statements. The statements in this press release are made as of the date of this release. The

Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect

of the Corporation its securities, or its financial or operating results.