Central African GOLD Engages Environmental Consultancy and Cleantech Investment Firm to Advance Carbon Plan

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

CENTRAL AFRICAN GOLD ENGAGES ENVIRONMENTAL CONSULTANCY AND

CLEANTECH INVESTMENT FIRM TO ADVANCE CARBON PLAN

Vancouver, British Columbia - (November 1, 2021) – Central African Gold Inc . (TSXV:

CAGR; FSE: BC2; OTCQB: NDENF) (“CAGR ” or “ Central African Gold ”) is pleased to

announce CAGR has engaged two internationally recognized leaders, EcoMetrix and Inerjys

Ventures, to advance the implementation of carbon credit and clean energy revenue streams on

its vast land positions in the Democratic Republic of Congo (DRC). With the objectives of

environmental sustainability, sustainable revenue, and social commitments to domestic

employment, it was imperative to both identify the ideal ESG initiatives as well as put together

an operational plan that will bring the strategy to life quickly and effectively.

EcoMetrix Africa, a sustainability consulting and carbon financing firm, is assessing each

potential activity’s economic and technical attractiveness, their mitigation, impact, and

contribution to the core business activities of CAGR. Additionally, EcoMetrix is evaluating the

various Carbon Credit standards that exist today, helping to identify those that best serve the

overall ESG strategy and have the regulatory scale to support efforts in the DRC. Each initiative

is being evaluated for their Carbon Credit value, environmental and socio-economic impact, and

the cost/benefit analysis of their implementation. CAGR will be selecting initiatives using those

criteria with the assistance of Inerjys Ventures, who is specialized in structuring and

operationalizing cleantech projects so that they are viable, profitable, and measurable in terms of

impact.

Inerjys Ventures, a cleantech investment firm and green project developer, has been engaged to

assist in structuring the CAGR carbon plan (CAP), and implementing an operational plan that

involves technology suppliers, off-takers, and funding partners. Inerjys’ activity in the cleantech

venture space provides CAGR access to breakthrough technologies that are proven in the field

but still somewhat unknown to most project developers. The combination of these latest

technologies that provide cost efficiency and performance optimization with the right structuring

and financial model, will allow CAGR to implement “ESG as a business”, a secondary revenue

stream all while building the local economy and mitigating carbon emissions.

About Carbon Credits

A carbon credit is a tradable permit or certificate that provides the holder of the credit with the

right to emit one ton of carbon dioxide or an equivalent of another greenhouse gas and is

essentially an offset for industries producing green-house gas. The obligation to meet reduced

emission targets is now being imposed in most countries with significant penalties for non-

compliance. If an industry cannot meet its required levels, there is an efficient global

marketplace developing where these companies can purchase carbon credits to offset their

emissions. There are three basic types of carbon credit: those from reduced emissions through

efficiency such as solar photovoltaic plants, wind and other non-fossil fuel energy sources;

removed emissions through carbon capture and planting forests or other vegetation providing a

“carbon sink”; and avoiding emissions by such methods as stopping de-forestation.

Central African Gold Inc. |Suite 1080, 789 West Pender Street, Vancouver, B.C., Canada, V6C 1H2 2

About Central African Gold Inc.

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

exploration, development, and operation of battery metal copper, cobalt, and nickel mineral

projects in the DRC. The implementation of a carbon credit program will complement battery

metals operations and meet important ESG requirements. Central African Gold has the intention

to acquire interests in additional concessions or relinquish concessions in the normal course of

business. Central African Gold has an experienced management team located in the DRC.

For further information, please contact:

Stephen Barley, Executive Chairman

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 may contain “forward-looking info rmation” within the meaning of applicable securitie s laws

including the successful implementation of a carbon credit program; the acquisition of additional copp er, cobalt, and

nickel projects; the establishment of profitable re venue centers for CAGR and its DRC partners; and th e continued

growth of the clean technology and carbon credit se ctors. Although CAGR believes, considering the expe rience of its

officers and directors, current conditions and expe cted future developments and other factors that hav e been considered

appropriate, that the expectations reflected in thi s forward-looking information are reasonable, undue reliance should

not be placed on them as CAGR can give no assurance that they will prove to be correct. Actual results and

developments may differ materially from those conte mplated by these statements. The statements in this press release

are made as of the date of this release. CAGR under takes no obligation to comment on analyses, expecta tions or

statements made by third parties in respect of CAGR its securities, or its financial or operating resu lts.