AFRICAN GOLD GROUP, INC. ANNOUNCES CLOSING OF CDN$6.0 MILLION BOUGHT

AFRICAN GOLD GROUP, INC. ANNOUNCES CLOSING OF CDN$6.0 MILLION BOUGHT
DEAL PRIVATE PLACEMENT FINANCING


TORONTO, CANADA, December 16, 2009 – African Gold Group, Inc. (“AGG” or the “Company”) announced today that it has closed the previously announced bought deal private placement offering (the"Offering"). AGG issued an aggregate of 10,000,000 units of the Company (the “Units”) at a price of CDN$0.60 per Unit, for aggregate gross proceeds of CDN$6,000,000. The aggregate number of Units issued included 1,600,000 Units issued pursuant to the full exercise of the Underwriter’s option granted to the Underwriter under the Offering. Each Unit is comprised of one common share and one-half of one
common share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrantentitles the holder to purchase one additional common share of the Company at a price of CDN$0.90 per common share for a period of 18 months (the “Expiry Date”) following the closing of the Offering.

Macquarie Capital Markets Canada Ltd. (“Macquarie” or the “Underwriter”) acted as sole Underwriter in respect of the Offering. The Underwriter received a cash commission of 6.0% of the gross proceeds raised in the Offering and 800,000 compensation options (each a “Compensation Option”). Each Compensation Option entitles the Underwriter to purchase one Unit of the Company at a price of CDN$0.60 per Unit until the Expiry Date.

The net proceeds of the Offering are intended to be used to fund the continuing development of the Company’s Kobada, Mali Project, the resumption of exploration at the Company’s 456 sq km
Asankrangwa, Ghana holdings, of which the north west quadrant (the Asuowunu concession) is on strike and contiguous with the recently discovered 3.5 million oz Essase gold deposit controlled by Keegan Resources, and for general working capital and corporate purposes.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, or any State Securities Laws and may not be offered or sold in the United States or to U.S. persons unless an exemption from registration is available. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States.

All securities issued pursuant to the Offering are subject to a four month hold period commencing on the closing date of the Offering.


African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa.

To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.


Additional Information is available on the Company's website at: www.africangoldgroup.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THEUNITED STATES





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Adriana Announces Update on Port Project and Its Iron Ore Project in Quebec

Adriana Announces Update on Port Project and Its Iron Ore Project in Quebec

TORONTO, ONTARIO--- Nov. 27, 2009 - Adriana Resources Inc. (TSX VENTURE:ADI) announces that it has received a notice from ArcelorMittal ("Arcelor") terminating the memorandum of understanding with the Company relating to Arcelor's participation in Adriana's iron ore port facility development project located in Sepetiba Bay, approximately 70 kilometers west of Rio de Janeiro in the State of Rio de Janeiro, Brazil. The Company recently announced that it has submitted a new permit application for a deep sea terminal port with a capacity of 45 million tonnes per year. Adriana will continue to develop strategic working relationships with parties to maximize the potential of the deep sea terminal port.


The Company also announces that it is continuing discussions with a major Chinese steel producer, further to the memorandum of understanding announced by the Company on July 24, 2009, for the potential development of Adriana's Lac Otelnuk world-class iron ore deposit located in the Labrador Trough, Nunavik Quebec (the "Property") containing a total of 4.29 million tonnes NI 43-101 indicated and 1.97 million tonnes NI 43-101 inferred resources. The Company is currently finalizing its proposed 2010 drilling program at the Property. Based on historical mapping and exploration drilling completed in the 1970s, the Company anticipates a significant increase in its mineral resources base for the Property as further drilling is completed.
ON BEHALF OF ADRIANA RESOURCES INC.
"Allen J. Palmiere"
President and CEO
Certain information regarding the Company, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties. Without limitation, statements relating to potential mineralization and resources, mining exploration and development, future plans and objectives of the Company and imprecision of mineral resources estimates, are forward looking statements that involve various degrees of risk. Certain important risk factors could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements including, without limitation, changes in the world wide price of mineral commodities and currency fluctuations, general market conditions, the uncertainty of future profitability and access to sufficient capital, risks inherent in mineral exploration, development, construction and mining operations, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, environmental risks, access to labour and services and competition from other companies. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and caution should be exercised on placing undue reliance on forward looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


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