Mr. Francois Lalonde reports

STELLAR AFRICAGOLD CLOSES SHARES FOR DEBT SETTLEMENT

Stellar AfricaGold Inc. has closed the previously announced shares-for-debt settlement.

The company received TSX Venture Exchange conditional approval and issued 9,055,510 common shares at an agreed price of 2.5 cents per share to settle $226,388 in debt with arm's-length creditors. The resolution of these debts strengthens the company's balance sheet, which will, in turn, better position the company for future equity financings, as market conditions warrant.

The shares-for-debt settlement is subject to final TSX-V approval.

The settlement shares will be subject to a statutory four-month-and-one-day hold period from the date of issuance.

About Stellar AfricaGold Inc.

Stellar AfricaGold is a Canadian precious-metal exploration company.

The company's head office is located in Vancouver, B.C., and it has a representative office in Casablanca, Morocco.

Stellar's principal exploration project is its advancing gold discovery at the Tichka Est gold project in Morocco.

We seek Safe Harbor.