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AFRICAN EAGLE RES : Holding(s) in Company

06/30/2009 | 12:01pm US/Eastern



AFRICAN EAGLE RESOURCES plc

Holding(s) in Company


African Eagle Resources plc ("African Eagle" or "the Company", ticker
AIM: AFE, AltX: AEA) was notified on 29 June 2009 that RAB Capital
Plc acting as discretionary manager of RAB Special Situations
(Master) Fund Limited no longer holds any ordinary shares in the
capital of the Company.


Mark Parker
Managing Director
African Eagle Resources plc

30 June 2009


For further information, see the Company's web site
www.africaneagle.co.uk or contact one of the following:


Mark Parker
Managing Director
+44 20 7248 6059
+44 77 5640 6899

Nicola Marrin
Seymour Pierce Limited
Nominated Adviser
+44 20 7107 8000


About African Eagle

African Eagle is a diversified mineral exploration and development
company operating in eastern and central Africa. The Company's
principal advanced projects are the Mkushi Copper Mines project in
Zambia, for which a Feasibility Study will be completed in Q4 2008,
and the Dutwa nickel laterite discovery in Tanzania, where the
Company has recently announced a resource.

African Eagle has also defined a gold resource estimated at half a
million ounces at the Miyabi gold project in Tanzania, and is
evaluating a second promising nickel laterite deposit which it
recently discovered in Tanzania. The Company holds a large
well-balanced portfolio of promising earlier stage gold and base
metal projects, including the Ndola and Mokambo copper projects in
Zambia.

Zambia, Tanzania and Mozambique, the sites of African Eagle's
projects, are all countries which have highly prospective geology,
relatively low above-ground risks and track records of successful
major investments in the metals and minerals industries.

African Eagle specialises in project generation and exploration. To
take its discoveries into production, it seeks to sign up industry
partners with records of successful mine development. These joint
ventures and, in time, the revenue from advanced projects, will
finance future exploration and new discoveries.

---END OF MESSAGE---


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.



Copyright © Hugin AS 2009. All rights reserved.
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