AFRICAN EAGLE RESOURCES plc

                         Holding in Company

African Eagle Resources plc ("African Eagle" or "the Company", ticker
AIM: AFE, AltX:  AEA) has  been notified that  Barclays PLC,  through
Barclays Stockbrokers  Ltd  and Gerrard  Investment  Management  Ltd,
controls the exercise of the voting rights attached to 6.96 per cent.
of the Company's issued share capital.


Mark Parker
Managing Director
African Eagle Resources plc

28 July 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 Dutwa nickel laterite  discovery
in Tanzania,  where the  Company completed  a scoping  study in  June
2009, and the  Mkushi Copper  Mines project  in Zambia,  for which  a
draft Feasibility Study was completed in Q4 2008.

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  well-balanced
portfolio of promising  earlier stage gold  and base metal  projects,
including the Ndola and Mokambo projects in the Zambian Copperbelt.

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.

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