31 May 2013: African Eagle Resources plc ("African Eagle") (AIM: AFE; AltX: AEA) notes the announcement issued on 31 May 2013 by its joint venture partner Rift Valley Resources Ltd. ("Rift Valley") (formerly known as BrightStar Resources) regarding the Miyabi Gold Project in Tanzania.

The Rift Valley Resources announcement states:

"Rift Valley Resources Limited ("Rift Valley") is pleased to announce that, under the terms of the Joint Venture Agreement with African Eagle Resources plc (African Eagle") on the Miyabi Gold Project in Tanzania, that Phase One is now complete.

African Eagle has acknowledged in writing that Rift Valley has expended in excess of US$3,000,000, prior to October 2013, to comply with terms of the Joint Venture Agreement.

The completion of Phase One gives Rift Valley equal ownership in the Miyabi Gold Project with African Eagle.

Rift Valley can increase its share of the project to 75% under the terms of the Joint Venture Agreement, or has a pre-emptive right to acquire the remaining share of the project".

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

African Eagle Resources plc
Trevor Moss, CEO
+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.

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