African Eagle Resources plc : Miyabi drilling update

Results include:

• 9m at 1.82g/t Au from 21m to end of hole ("eoh")
• 24m at 0.51g/t Au from 15m to eoh, including 6m at 1.61g/t Au from 24m
• 6m at 1.14g/t Au from 18m
• 6m at 0.93g/t Au from 9m
• 6m at 0.42g/t Au from 21m to eoh
• 11m at 0.46g/t Au from 12m to eoh

BrightStar's results continue to show that the Miyabi structural corridor is highly prospective and that systematic exploration will be likely to make significant additions to the 0.5 million ounce resource previously delineated by African Eagle.

BrightStar reports that many of the rotary air blast ("RAB") holes intersected broad zones of gold mineralisation in the granite/greenstone contact area, which was the main conceptual target of the RAB programme. The RAB holes were shallow, typically 25m-30m in depth, and reveal that much of the area is covered by a 10m thick blanket of barren laterite and ferricrete, which limits the effectiveness of soil geochemistry. Beneath this cover is a zone of weathered and leached bedrock several tens of metres thick, within which gold has been depleted. Hence, it is likely that higher grades could be present in the unweathered rock beneath the moderate gold grades seen in the leached zone by the RAB holes. Deeper reverse circulation ("RC") drilling has now commenced to test for higher grade mineralisation beneath the better RAB intersections.

The RAB drilling program commenced at Miyabi in June 2011 and comprised 445 holes for 12,013m. The majority of RAB holes tested the highly prospective granite/greenstone contact zone with shallow holes drilled at 30m spacing along fences 200m apart.

Results have now been received from around 80% of the RAB holes drilled; the remaining results and first results from the RC drilling are expected in early December 2011.

The Miyabi gold project is a Joint Venture between African Eagle and ASX-listed BrightStar Resources Ltd, under which BrightStar can earn up to 75% of the project by completing exploration and a feasibility study.

A table of all mineralised intersections is set out in the appendix to this release and full details of the Miyabi drilling programme and results can be found on BrightStar's web site: http://brightstarresources.com.au/

Qualified Person

Information in this report relating to reported exploration results is based on Brightstar's data reviewed by Mr Christopher Davies BSc, MSc, DIC, FSEG, FAusIMM, Operations Director for African Eagle, who is a Fellow of the Australasian Institute of Mining and Metallurgy, has more than 30 years' relevant experience in mineral exploration, and is a Qualified Person under AIM rules. Mr Davies consents to the inclusion of the information in the form and context in which it appears.

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

African Eagle Resources plc
Mark Parker (Managing Director)
Euan Worthington (Chairman)
Sandra Spencer (PR Consultant)
+44 20 7248 6059
+44 77 5640 6899
+44 75 1535 7790

Canaccord Genuity Limited
Andrew Chubb
Bhavesh Patel
+44 20 7050 6500

Ocean Equities Limited
Guy Wilkes
+44 20 7786 4370

Russell & Associates, Johannesburg
Charmane Russell
Marion Brower
+27 11 8803924
+27 82 8928052

Appendix

List of all drill intersections greater than 0.1g/t gold

(eoh) indicates that the hole ended in gold mineralisation

• Most samples analysed as 3m composites
• Sampling carried out using a cyclone and riffle splitter at 1m intervals
• Sample preparation at ALS Global in Mwanza, Tanzania
• Gold analysis carried out by OMAC Laboratories in Ireland using 50g aqua regia
• QAQC samples submitted routinely with excellent results
• Holes located by GPS then transformed to local grid coordinates
• Intersections are generally interpreted to represent true width. Where holes ended in mineralisation, true thickness may be greater than the intersection thickness.