Ghana Gold Corp. to Expedite Production of the Newly Acquired Gold Mining Concessions

May 30, 2013, 09:00 ET from Ghana Gold Corp.

PORT ST. LUCIE, Fla., May 30, 2013 /PRNewswire/ -- Ghana Gold Corp. (OTCMarkets: GGCO) announced today its plan to expedite the development and production of its newly acquired Mining Concession in the Central African Republic.

According to the company, now that the closing of the $5 billion in recoverable gold is completed, the next step will be to conclude the negotiations with various partnerships including but not limited to a mining engineering firm to design and implement the mining operations, as well as with a production operator and secure the commercialization agreement for the production. 

"Our goal is to increase production as soon as possible with our main corporate objective to produce 200,000 ounces per year once in full production" said Mac Shahsavar, CEO of Ghana Gold Corp. "Naturally, financing is also very important to the success of our operation, but the support of the World Sports Alliance Intergovernmental Organization has been invaluable to this end." Further added Mr. Shahsavar.

About Ghana Gold Corp.

Ghana Gold Corp. is a gold exploration and alluvial gold production company with properties in the Republic of Ghana. Ghana Gold Corp. seeks to expand operations to other neighboring African countries, which have a great gold mining opportunities. 

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Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.

SOURCE Ghana Gold Corp.