CEO's report

Our CEO, Pierre Taillefer,
came back a few weeks ago from China where he has been stationed for the last
few years.

He was involved with
Aquagold International earlier mainly in logistics, shipping and suppliers.

 

He lived in many places
in China, establishing ties with various Chinese companies, increasing his business
and political ties. During that time he took the opportunity to learn the
language and the culture, specially the business culture.

 

When we asked him to take
over the Chinese operations as CEO, we felt that he was ready to tackle the
challenge and that he was the right man to face the complicated Chinese market.

 

This is his first
official report to the Board on March 17, 2013:

 

“Based on my knowledge of
Aquagold’s strength and business foundation, there is no doubt in my mind that
we are very well positioned to yield better results in China. The years spent
at building our ties were not in vain; to the contrary! But now we have re-oriented
our efforts towards new business people and some new political allies in order
to achieve the results that we expected all along.

 

Armed with new vision I
have assembled a solid team in China. We have been pursuing a few readily
available options such as:

1.      
Possible acquisitions

2.      
New joint ventures

3.      
Expansion

4.      
New products

5.       Better
use of our public company

 

I am returning to China this
week and we shall see some very positive results in the near future”

 

Just this morning, March
25, 2013, his team called him back for some major developments. We will keep you
posted as soon as he is back in China.

 

The information in this
press release may involve guidance, expectations, beliefs, plans, intentions or
strategies regarding the future. Except for historical information contained
herein, all such statements included in this press release are forward looking
statements and are made by AQUAGOLD INTERNATIONAL, INC. in reliance upon the
safe harbor provisions of Section 27A of the Securities Act of 1933 and Section
21E of the Securities and Exchange Act of 1934. All forward-looking statements
are based upon information currently available. Although Management believes
that the expectations reflected in such forward-looking statements are
reasonable, it cannot give any assurances that such expectations will prove to
have been correct. Actual results may differ materially from those indicated by
these statements. Numerous factors could cause or contribute to such
differences. The following risk factors, among others, could cause actual
results to differ materially from those described in any forward-looking
statements. These risks and uncertainties include, but are not limited to,
economic conditions, consumer spending, changes in the law or regulations,
demand for products and services of the company, the competitive environment
within the industry, the economic conditions in the industry and the financial
strength of the Company’s customers and suppliers. The Company does not
undertake any obligation to update such forward-looking statements. Investors
are also directed to consider all other risks and uncertainties.