Ghana Gold in Advanced Negotiations with Important Engineering Firm

2013-06-19

OTC - OTC Markets · United States

Port St. Lucie, FL - Ghana Gold Corporation(OTC PINK: GGCO) announced today that it is currently in advanced negotiations with an important engineering firm, which has been selected to become the operating partner of the company's gold concessions.

According to the company, the negotiations are headed by its majority shareholder, the WSA through its specialized Agency, WSAIBC on behalf of Ghana Gold Corp. The operating agreement will have several deliverable including planning and design, construction of infrastructure as well as ongoing mining operations. The selected engineering firm is a well established company with tremendous experience in gold mining, as well as diamond mining in Africa and Australia. Their customers are some of the world's largest mining companies. The name of the selected firm is currently protected under a confidentiality agreement and will only be released to the public once the agreement is concluded.

The company expects that this complex operating agreement to be concluded within the next 30 days.

"Our focus continues to be the same, and turn Ghana Gold into a major producer with our objective of producing 200,000 ounces per year" said Mac Shahsavar, Chairman and CEO of Ghana Gold Corp. "We are working closely with our majority shareholder to obtain the best industry providers as well as the required financial support needed to achieve our corporate objectives and create sustainable shareholder value for many years to come" further added Mr. Shahsavar.

Further information can be read on the wsaigo (WSA) website at www.wsaigo.org

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.

Investor Relations: ir@ghanagoldcorporation.comor info@ghanagoldcorporation.com

Tel 1.866.340.3095

FORWARD LOOKING STATEMENTS

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.