African Eagle Resources plc : Appointment of New Nominated Adviser

04 April 2013: African Eagle Resources plc ("African Eagle" or the "Company") (AIM: AFE; AltX: AEA) is pleased to announce that Strand Hanson Limited has been appointed as the Company's Nominated Adviser and that Ocean Equities Limited is now the Company's sole broker, both with immediate effect.

For further information, please visit www.africaneagle.co.ukor contact:

African Eagle Resources plc
Trevor Moss, CEO
Alex Buck
+44 20 7248 6059

Strand Hanson Limited (NOMAD)
Stuart Faulkner
Angela Hallett
James Dance
+ 44 20 7409 3494

Ocean Equities Limited (Broker)
Guy Wilkes
+44 20 7786 4370

Russell & Associates, Johannesburg
Charmane Russell or Marion Brower
+27 11 880 3924

About African Eagle
African Eagle Resources plc is a nickel development and exploration company listed on the London AIM (AFE) and Johannesburg AltX (AEA) stock exchanges. The Company's flagship project is the Dutwa Nickel project in Tanzania located about 25km south of Lake Victoria and 100km east of Mwanza within greenstone gold belts which host many of Tanzania's operating and developing gold mines.