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EXPLORATION PROGRAMME UPDATE

News Report
20 April 2005

African Eagle Resources plc (the "Company", ticker AFE) is pleased to publish this update on its projects in Tanzania, Zambia and Mozambique.

The Company's Chairman John Park notes "Drilling is well underway at two of the Company's four most prospective projects - the 400,000 ounce Miyabi gold project in Tanzania and the Mkushi project in Zambia which holds a resource of 30 million tonnes of 1.25% copper mineralisation reported by previous operators. The aim of the next six month's exploration programme is to increase the company's gold and copper resources while also acquiring additional licences so as to increase our strategic holdings".

In Tanzania's Lake Victoria Goldfields, the discovery of the Faida zone at Miyabi and the recently announced 400,000 ounce independent gold resource estimate have transformed the project from pure exploration to a resource drilling project. Five weeks ago core drilling restarted at Miyabi, with the objective of increasing resources and the Company looks forward to the results of that programme over the coming months.

With the current high copper price, Mkushi in Zambia has become an extremely attractive target and both core drilling and surface surveys are now underway to confirm and increase the 30 million tonnes of 1.25% copper resource reported by earlier explorers.

At the Eagle Eye Iron oxide copper gold (IOCG) project in eastern Zambia, the Company has begun an induced polarisation (IP) geophysical survey. Last year's mapping and first phase drilling revealed that copper mineralisation extends over a strike length of at least 25km and identified a new priority target at Ndomba, as well as confirming that the mineralisation reaches potentially economic grades and widths, and with the new geophysical surveys, will assist the Company's geologists to select this year's drill targets.

Early shallow drilling at the Igurubi gold project in Tanzania revealed rich, narrow gold veins of considerable promise and further drilling will follow a programme of surface surveys now underway, including ground magnetics, induced polarisation and geochemistry.

These four priority projects sit on a sound foundation of second-tier and grassroots projects, such as Msasa and Zanzui in Tanzania, Kampumba and Lunga in Zambia and Namama in Mozambique.

The Company continues to acquire promising new projects which our local knowledge, contacts and expertise bring to our attention. Our growing understanding of the geological setting of Iron Oxide Copper Gold (IOCG) mineralisation in southwest Zambia led us to apply for five licence areas with potential for this type of deposit across the border in Mozambique. The Company now holds a substantial IOCG portfolio on both sides of the border, covering large areas of little-explored ground containing many known copper occurrences.

The Company's web site www.africaneagle.co.uk is being updated with all the most recent information on each project.

John Park
Chairman
African Eagle Resources plc