Central African GOLD Terminates Zani Kodo GOLD Project Agreement

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

CENTRAL AFRICAN GOLD TERMINATES ZANI KODO GOLD PROJECT

AGREEMENT

Vancouver, British Columbia - (October 30, 2021) – Central African Gold Inc . (TSXV:

CAGR; FSE: BC2; OTCQB: NDENF) (the “ Corporation ” or “ Central African Gold ”)

announces that after the completion of preliminary due diligence, the Corporation has terminated

the agreement announced by news release dated Septe mber 28, 2021 to acquire an interest in the

Zani-Kodo gold project, located in Ituri Province, DRC. The Corporation will continue with its

existing DRC projects and pursuing additional projects of merit.

About Central African Gold Inc.

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

development, and operation of mineral projects in t he DRC. The implementation of a carbon

capture and carbon credit program will complement m ining operations, meet important ESG

requirements, and present an opportunity for early revenue. Central African Gold has the

intention to acquire interests in additional conces sions or relinquish concessions in the normal

course of business. Central African Gold has an exp erienced 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 the Corporation. Although the Co rporation believes

considering the experience of its officers and dire ctors, current conditions and expected future devel opments and other

factors that have been considered 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. Actual results and developments may differ materially from 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 mad e by third parties in respect of the Corporation it s securities, or

its financial or operating results.