Director/PDMR Shareholding

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 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. ---END OF MESSAGE---