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Sunday, 07/14/2013 11:40:54 AM

Sunday, July 14, 2013 11:40:54 AM

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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.