• Sold 2,026,388 Montage Gold shares for ~A$14.96M, realizing 134% gain
• Cash balance increased to ~A$16M, supporting accelerated exploration at Didievi
• Drilling program underway, targeting resource growth and new discoveries

African Gold Ltd (ASX: A1G) has completed the sale of 2,026,388 ordinary shares in Montage Gold at an average price of C$6.72 per share, with gross proceeds of approximately C$13.62 million, equivalent to around A$14.96 million. These Montage shares were previously issued to African Gold at C$2.87 per share as part of Montage's 17.5% strategic investment, realizing a 134% gain. With the sale, African Gold's cash balance has increased to approximately A$16 million, which will support the Company's accelerated exploration program at the Didievi Gold Project in Côte d'Ivoire. The Didievi Project is emerging as one of Côte d'Ivoire's most exciting gold opportunities, with the cornerstone Blaffo Guetto resource hosting ~989 koz at 2.5 g/t Au within 12.4 Mt, and multiple high-quality targets advancing across the tenement. The current drilling program includes two diamond rigs targeting resource growth at Blaffo Guetto, and two RC rigs scheduled to mobilize in November to test near-surface ounces and high-priority regional anomalies. Recent drilling has delivered excellent results, demonstrating consistency, continuity, and growth potential. Together with the strategic location of the project, which sits within trucking distance of existing processing capacity, African Gold remains well-funded to advance Didievi and unlock its full value as a potential multi-million-ounce gold project.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics in this announcement.

African Gold remains well-funded to advance the Didievi Gold Project, including aggressive resource growth at Blaffo Guetto and first-pass drilling that could quickly advance priority targets into potential satellite deposits. The company continues methodical exploration across the broader project area, with the dual objective of growing resources and unlocking the full value of this underexplored, highly prospective gold corridor.