SPX Stellar AfricaGold Inc

Stellar AfricaGold Inc. ("Stellar") (TSX VENTURE:SPX) completes a private
placement in the amount of $79,600 raised through the issuance of 995,000 units
at the price of $0.08 each. Each unit consists of one common share and one half
(1/2) of one common share purchase warrant. Each full warrant has an exercise
price of $0.15 and expires 18 month following the issuance. 


The securities issued are subject to a four month and one day hold period. The
net proceeds will be used for exploration work and working capital purposes.


Several insiders have participated in the private placement and, pursuant to
Regulation 61-101 respecting protection of minority security holders in special
transactions, ("Regulation 61-101"), such purchases constitute a "related party
transaction". However, the transaction is exempt from the valuation and minority
shareholder approval requirements pursuant to the exemptions set out in
subsection 5.5 (a) and 5.7(1)(a) of Regulation 61-101, as the aggregate
consideration does not exceed 25% of Stellar's market capitalization. A material
change report has not been filed 21 days prior to the closing of the Private
Placement as the participation had not been established at that time.


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 release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maurice Giroux
President and CEO
514-866-6299
514-866-8096 (FAX)
Ress.stellar@bellnet.ca
www.stellarpacific.ca

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