Stellar Africagold Appoints a New Director and a Senior Technical Advisor FOR Africa
STELLAR AFRICAGOLD APPOINTS A NEW DIRECTOR
AND A SENIOR TECHNICAL ADVISOR FOR AFRICA
Montreal, December 4, 2019 – John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc.,
(TSX-V: SPX) ("Stellar" or the "Company") is pleased to announce the appointment of a new director and a senior
technical advisor.
Yassine Belkabir Appointed as Director
Stellar is pleased to announce the appointment of Yassine Belkabir , MScDIC, CEng, MIMMM to its Board of
Directors.
Mr. Belkabir, of Casablanca, Morocco, is a chartered engineer with a Diploma from Imperial College and a Master
Degree in Metals and Energy Finance from the University of London . He is also a Member of the Institute of
Materials, Minerals and Mining (IOM3) London, England, and a Qualified Person under National Instrument 43-
101. Mr. Belkabir has extensive experience assessing mineral properties and managing multidisciplinary teams.
Mr. Belkabir is the founder and managing partner of the African Bureau of Mining Consultants (ABM) of
Casablanca, Morocco, where he supervises multiple mandates in Moro cco, Mali, Burkina Faso, Guinea, Côte
d’Ivoire and Tunisia. He served previously as Director of Mergers and Acquisitions for Managem Group, a publicly
traded mining group listed on the Casablanca Stock Exchange . Managen has over 90 years operating history in
the exploration and production of base and precious metals in Africa. As a team leader, Mr. Belkabir supervised
multiple completed transactions in Africa, including the recent successful sale of Stellar’s own Balandougou Gold
Project in Guinea, and for Managem Group the sale of Pumpi Copper-Cobalt project in the Democratic Republic
of Congo and the acquisition of Tri-K Gold Project in Guinea.
Dr. Ali Saquaque Appointed as Senior Technical Advisor
Stellar is equally pleased to announce the appointment of Dr. Ali Saquaque, PhD, as Senior Technical Advisor for
Africa.
Dr. Saquaque, PhD (Geology), a well-recognized university professor credited with over 50 publications, is a
mining professional with expertise in the structural geology of Africa.
Dr. Saquaque is Associate Director of the African Bureau of Mining Consultants . As senior geology partner at
ABM and over 37 years of geological experience he develops exploration strategies for mining companies across
Morocco, Guinea, Côte d’Ivoire, Senegal, Sudan and Mali. Since beginning his career 1982, Dr. Saquaque has led
numerous exploration programs for mining groups throughout Africa. From 1994 to 2015 Dr. Saquaque worked
for the Managem Group and held several senior positions including Director of Exploration and a member the
Board of Directors of Managem Group affiliates. Dr. Saquaque notably contributed to several greenfield and
brownfield discoveries, including the Mana Gold Mine in Burkina Faso, the Kiniero Gold Mine extension in
Guinea, the Pumpi Copper-Cobalt Project in the Democratic Republic of Congo, the Etéké Gold Project in Gabon,
the Blocs 24 and 8 in Sudan, the Guemassa Polymetallic Mine extension in Morocco and others. Dr. Saquaque
also served as professor and head of the geology department, University of Cadi Ayyad, Marrakech from 1983
To 1994.
Commented Stellar President and CEO John Cumming “As Stellar enters a new era Mr. Belkabir and Dr.
Saquaque’s combined depth of expertise and breadth of experience will be of incalculable value as Stellar seeks
to acquire, explore and exploit new mineral opportunities across North and West Africa. We welcome their
contributions to building an exciting, new African mineral exploration venture.”
NEW EXPLORATION ACQUISITIONS
In October 2019 Stellar completed the sale of its Balandougou Gold Project in Guinea for C$5.15M. (See news
release October 30, 2019 ) The Company is actively reviewing potential new exploration opportunities in two
attractive but still under-explored African jurisdictions, Morocco and Ivory Coast. Further announcemen ts will
be made as decisions are taken.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian gold exploration company with offices in Vancouver, BC and Montreal, QC.
Additional information is available on the Company’s website at www.stellarafricagold.com.
On Behalf of the Board
John Cumming, LLM,
President & CEO
This release contains certain "forward -looking information" under applicable Canadian securities laws concerning the Arr angement. Forward-looking
information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases
forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate",
"projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. As sumptions upon which such
forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement
will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and event s that are not within the
control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially
from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects
and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other comm odities (such as diesel,
aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative
instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; m ining tax regimes; ability to successfully
integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or
technical difficulties in connection with mining or developmen t activities; laws and regulations governing the protection of the environment; employee
relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over
title to pr operties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining bus iness. Risks and
unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such
projects, and the future prices for the relevant minerals.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange) accepts
responsibility for the adequacy or accuracy of this release.