Miyabi Drilling Update - Seite 2

Director for African Eagle, who is a Fellow of the Australasian Institute of
Mining and Metallurgy, has more than 30 years´ relevant experience in mineral
exploration, and is a Qualified Person under AIM rules. Mr Davies consents to
the inclusion of the information in the form and context in which it appears.

Technical terms

A glossary of technical terms used by African Eagle in this announcement and
other published material may be found at www.africaneagle.co.uk/african-eagle-
projects-glossary.html

For further information:

Please see the Company´s web site at www.africaneagle.co.uk or contact one of
the following:

African Eagle Resources plc
Trevor A. Moss (CEO)
Chris Davies (COO)
Yasumi Toyoda (Investor Relations)
[phone]

Canaccord Genuity Limited
Rob Collins
Andrew Chubb
+ 44 207 050 6500

Ocean Equities Limited
Guy Wilkes
[phone]

Russell & Associates, Johannesburg
Charmane Russell
Marion Brower
[phone]
[phone]

Appendix

Table 1: List of All RC Intersections > 0.5g/t Au

+------------------------------------------------------------------------------+

|(Intersections shaded in grey have been previously reported) |

+---------------------------------------------------+--------------------------+

|Collar Location and Orientation (local grid) |Intersection > 0.5ppm Au |

+---------------------------------------------------+--------------------------+

|Hole Type X Y Z Total Dip Azimuth|From To Length Au |

| Depth |(m) (m) (m) (ppm) |

+---------------------------------------------------+--------------------------+

|MBRC303 RC 6199 20639 1194 87 -55 0 |69 71 2 0.57 |

+---------------------------------------------------+--------------------------+

|MBRC304 RC 6201 20879 1194 103 -55 0 |57 58 1 1.40 |

+---------------------------------------------------+--------------------------+

|MBRC305 RC 6200 20923 1194 100 -55 0 |35 43 8 0.52 |

| | |

| and|50 51 1 1.47 |

+---------------------------------------------------+--------------------------+

|MBRC310 RC 6598 20914 1190 85 -55 0 |28 37 9 1.45 |

+---------------------------------------------------+--------------------------+

|MBRC312 RC 6601 21000 1190 76 -55 0 |53 55 2 1.83 |

+---------------------------------------------------+--------------------------+

|MBRC314 RC 7199 20800 1172 84 -55 0 |51 54 3 0.68 |

+---------------------------------------------------+--------------------------+

|MBRC316 RC 7401 20837 1168 80 -55 0 |25 27 2 1.40 |

+---------------------------------------------------+--------------------------+

|MBRC318 RC 8001 20538 1165 94 -55 0 |81 83 2 5.40 |