African Eagle Resources plc
TR1 Announcement - MWB Limited Increases Shareholding


African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE; AltX: AEA) was notified on January 27, 2011, that on January 26, 2011, MWB Limited, increased its shareholding in the Company to 39,730,761 ordinary shares which represents approximately 9.71% of the total voting rights of the Company.

The above notification was made by MWB Limited pursuant to the FSA's Disclosure and Transparency Rules.

Bevan Metcalf
Company Secretary


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

Bevan Metcalf
Finance Director
African Eagle Resources plc, London

+44 20 7248 6059
+44 77 5640 6899

Jeremy Stephenson
Nicola Marrin
Seymour Pierce Limited, London

Nominated Adviser and Co-Broker
+ 44 20 7107 8000

Guy Wilkes
Ocean Equities Limited, London

Co-broker
+ 44 20 786 4370

Ed Portman / Leesa Peters
Tavistock Communications, London

+44 20 7920 3150
+44 77 3336 3501

Charmane Russell / Marion Brower
Russell & Associates, Johannesburg

+ 27 11 8803924
+27 82 8928052

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: African Eagle Resources PLC via Thomson Reuters ONE


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