Brian Hinchcliffe, the Vice Chair of the Board of Directors of African Gold Acquisition Corporation, informed the Board on December 16, 2022 of his intention to resign as a director of the Company. His resignation was not due to any disagreement with the Company on any matter relating to its operations, policies or practices. His resignation will become formally effective upon his compliance with requirements of Cayman Islands law relating to his resignation.

Mr. Hinchcliffe has not participated as a director of the Company since the date of his notification to the Board.