Mokambo Exploration Update - Seite 3

|  KS11 | 279.00 | 8.00 | 2.90 | South | 1.00 |
+------------+----------+-------+----------------+----------+---------------+
| including | 279.00 | 5.68 | 3.77 | South | 2.00 |
+------------+----------+-------+----------------+----------+---------------+
|   |   |   |   |   |   |
+------------+----------+-------+----------------+----------+---------------+
|  KN7 | 157.00 | 12.00 | 1.63 | North | 1.00 |
+------------+----------+-------+----------------+----------+---------------+
|   |   |   |   |   |   |
+------------+----------+-------+----------------+----------+---------------+
|  KN41 | 438.00 | 9.00 | 1.44 | North | 1.00 |
+------------+----------+-------+----------------+----------+---------------+

The results generally improve on assays reported by RST and show that the
mineralisation at Mokambo, like that at the nearby Mufulira Mine, extends to a
depth of many hundreds of metres, suggesting that underground mining could be
viable at Mokambo.

The Company has also undertaken a comprehensive review of its tenure position in
Zambia and is rationalising its ground holdings to focus on key prospective
tenements. Areas which are considered to be non-prospective will be relinquished
to the Government of Zambia, allowing the Company to focus its efforts on
evaluating Mokambo.

About African Eagle

African Eagle Resources plc is a junior mining developer and explorer with
projects in Tanzania and Zambia. The Company´s flagship project is the Dutwa
nickel project in Tanzania located about 25 kilometres south of Lake Victoria
and 140 kilometres east of Mwanza within Greenstone gold belt which hosts many
of Tanzania´s operating and developing gold mines. The Company is quoted on the
AIM market of the London Stock Exchange (AIM: AFE) and on the AltX of the JSE
(ALTX: AEA).

About Mokambo

The Mokambo project comprises two Prospecting Licences, Mokambo North and
Mokambo South, which occupy a narrow 17 kilometre long strip of land along the
border with the Democratic Republic of Congo. Much of the project area is
underlain by the highly prospective Lower Roan geological sequence, which hosts
most of the world class copper deposits in central Africa.

The Mokambo area is on the eastern limb of the Mufulira syncline, 15 kilometres
east of Glencore´s Mopani Mine, one of the world´s largest underground copper
mines. Mokambo was first explored and drilled by RST Mufulira Copper Mine
Division from 1929 to 1969. African Eagle has conducted surface exploration and
drilling at Mokambo as previously reported.

Qualified Person

Information in this report relating to reported exploration results is based on