Montreal, May 12, 2016 – Maurice Giroux, President and Chief Executive Officer of Stellar AfricaGold Inc. (TSX-V: SPX) (“Stellar” or the “Company’’) announces the closing of a non-brokered private placement of a total amount of $ 150,000 through the sale of 7,5 million units at the price of $ 0,02. Each unit consists of 1 common share at 2 cents and 1 common share purchase warrant that can be exercised at a price of 5 cents for a period of 3 years.

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