SPX Stellar AfricaGold Inc

Mr. Maurice Giroux, President and Chief Executive Officer of Stellar AfricaGold
Inc. (TSX VENTURE:SPX) ("Stellar" or the "Company") and a Qualified Person as
defined in NI 43-101, is pleased to announce that an airborne Magnetic/VLF
survey has been completed over the Opawica and Philibert I properties in the
Chibougamau area in Quebec. An exhaustive interpretation done by MB Geosolutions
inc., has outlined (8) gold and (3) Cu-rich polymetallic exploration targets.
The interpretation was done by analysing current survey data in association to
existing INPUT EM combined with Cu till anomalies from public data sources. Two
of the copper targets are located in the Opawica South Block and one in the
Philibert I Block. Four (4) gold targets are located in the Opawica North Block,
three (3) in Opawica South Block and one (1) target in Philibert I Block.


The Company is now planning the spring/summer reconnaissance over Opawica and
Philibert I property with an emphasis on the evaluation and sampling of the
targeted area. A ground IP survey should be recommended to better outline the
targets that are not outcropping. Trenching and drilling should follow during
summer program over selected targets. 


About OPAWICA and Philibert I Property: 

The Opawica and Philibert 1 properties are located in the Chibougamau-Chapais
mining camp within the Tomagold/Iamgold-Vanstar-SOQUEM working area which is to
date the most active exploration camp in Quebec. Among the most important gold
occurrences reported in the area, we note SOQUEM Meston Lake deposit (1.2 MT @
6.25 g/t Au), SOQUEM Philibert deposit (1.3 MT @ 5.32 g/t Au), as well as
numerous high grade drill and channel sampling reported by Tomagold, Vanstar,
Murgor and SOQUEM as well as the former Joe Mann gold mine that produced over
1.0 million ounces of gold.


The OPAWICA Property consists of three blocks totalling 80 mining cells recently
acquired by Stellar in the area of the new Liam gold discovery of the Nelligan
Project of Vanstar. The Philibert 1 property is composed of one block of four
mining cells and is part of the same area. 


The Philibert-I showing was discovered in 1983 by prospection, and consists of a
gold mineralization associated with quartz-tourmaline-sulphides veins.
Historical exploration reported grades of 31.6 g/t Au and 2.54 g/t Ag in channel
sampling across exposed quartz veins, and of 18.66 g/t Au over 0.6-metre cuts in
a drill hole.


The technical content of this press release have been reviewed and approved by
Mr. Maurice Giroux, a Qualified Person as defined in NI 43-101. 


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.


A map is available at the following link
http://media3.marketwire.com/docs/943629a_map.pdf. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maurice Giroux, President and CEO
Stellar AfricaGold Inc.
1155 University Street, Suite 812 Montreal, Quebec H3B 3A7
514-866-6299
514-866-8096 (FAX)
Ress.stellar@bellnet.ca
www.stellarafricagold.ca

Stellar AfricaGold (TSXV:SPX)
Historical Stock Chart
From Mar 2024 to Apr 2024

Stellar AfricaGold (TSXV:SPX)
Historical Stock Chart
From Apr 2023 to Apr 2024