AFRICAN GOLD LTD. — Proxy Solicitation & Information Statement 2021

Jan 6, 2021

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7 January 2021

Dear Shareholder,

The Company’s general meeting of shareholders is scheduled to be held at the offices of African Gold Ltd ( the Company ) at Suite 23, 513 Hay Street, Subiaco, Western Australia on Friday,5 February 2021 at 11:00 am (AWST) ( Meeting ).

In accordance with subsection 5(f) of the Corporations (Coronavirus Economic Response)

Determination (No. 1) 2020, the Company will not be despatching physical copies of the Notice of Meeting ( Notice ). Instead, a copy of the Notice can be viewed and downloaded online at https://www.asx.com.au/asxpdf/20210107/pdf/44rkzk4wvv50px.pdf

As you have not elected to receive Notice by email, a copy of your personalised proxy form is enclosed for your convenience.

Shareholders are encouraged to vote online at www.investorvote.com.au or by returning the enclosed proxy form by:

or

Post to: Computershare Investor Services Pty Limited GPO Box 242 Melbourne VIC 3001 Fax to: 1800 783 447 within Australia or +61 3 9473 2555 outside Australia

Your proxy voting instruction must be received by 11:00 am (AWST) on 3 February 2021 , being not less than 48 hours before the commencement of the Meeting. Any proxy voting instructions received after that time will not be valid for the Meeting.

The situation regarding COVID-19 is constantly evolving and, accordingly, the Company may make alternative arrangements to the way in which the Meeting is held. If this occurs, we will notify any changes by way of announcement on ASX and the details will also be made available on our website.

The Notice is important and should be read in its entirety. If you are in doubt as to the course of action you should follow, you should consult your financial adviser, lawyer, accountant or other professional adviser.

Yours sincerely

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Oonagh Malone Company Secretary African Gold Ltd

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