AFRICAN EAGLE RESOURCES plc
DIRECTOR DEALING
African Eagle Resources plc ("African Eagle", "AFE" or "the Company",
ticker AIM: AFE, AltX: AEA) has been notified that Mr Christopher
Davies has purchased 369,230 ordinary shares at a price of 3.25 pence
per share. Mr Davies holds 710,897 ordinary shares representing
approximately 0.33 per cent of the issued share capital of the
Company.
Bevan Metcalf
Company Secretary
African Eagle Resources plc
1 October 2008
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
Russell & Associates, Johannesburg
Charmane Russell
+27 11 880 3924
+27 82 892 8052
Conduit PR
Ed Portman / Leesa Peters
+44 20 7429 6607
+44 7733 363 501
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 Mkushi Copper Mines project in
Zambia, for which a Feasibility Study will be completed in Q4 2008,
and the Miyabi gold project in Tanzania, at which the Company has
defined an estimated half-million ounce gold resource. African Eagle
is also evaluating two promising nickel laterite deposits which it
recently discovered in Tanzania. The Company holds a large
well-balanced portfolio of promising earlier stage gold and base
metal projects, including the Ndola and Mokambo copper projects in
Zambia.
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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