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DRILLING RESUMES AT EAGLE EYE COPPER PROJECT, ZAMBIA

News Report
6 September 2005

• Diamond drill rig now on site
• New drill targets from IP and other surveys
• First results expected within weeks
• Six new IOCG licences granted

African Eagle Resources ("the Company", ticker AFE) today announces that drilling has resumed at its Eagle Eye copper-gold project in Zambia, on targets identified by an intensive programme of geophysical, geochemical and geological mapping.

In a related development, the Company is also pleased to announce that it has been granted a new prospecting licence adjacent to the Eagle Eye licence and five new prospecting licences over an area in western Mozambique which has similar geology and mineralisation to Eagle Eye.

African Eagle is exploring an iron-oxide-copper-gold (IOCG) deposit at the Eagle Eye project in southeast Zambia. Previous surface and aerial surveys carried out by African Eagle revealed a considerable strike length of copper enrichment, and drilling in the Mweze area intersected mineralisation of potentially economic grade and thickness with intercepts including 60m at 0.8% copper, 21m at 1% and 6m at 5%. The exploration programme also drew attention to the Ndomba area, to which the Company has now constructed a drill access road in order to reach the many prospective sites which could not be drill tested previously.

Since the start of 2005, the Company has been conducting intensive surface surveys over the potentially mineralised area, including geological mapping, infill geochemical sampling, induced polarisation (IP) and ground magnetic geophysical surveys. The results and analysis, especially of the IP surveys, have identified a number of high priority drill sites. African Eagle has employed a diamond drill rig and drilling has begun on these promising targets.

The IP surveys at Eagle Eye were designed to reveal metallic mineralisation down to a depth of approximately 100m. The known mineralised structures in the Mweze area indeed give significant IP responses but the highest IP values occur in the Ndomba area, which is now accessible via the new drill road. Click here to view a map showing the IP results on the Company's web site.

African Eagle's Operations Director, Chris Davies, comments, "We are very pleased with the IP and geochemical results, which have totally justified our decision to pause our drilling campaign and use surface surveys to gain a broader perspective on this large mineralised system. Now that the drill is on site, we are very keen to test the major IP and other targets identified from this work".

New Prospecting Licences

African Eagle has been granted a new prospecting licence covering 845 square kilometres to the north and east of Eagle Eye, more than doubling the prospective area held. The new licence is held 100% by the Company and is valid for a period of two years, renewable.

The Company has also been granted five prospecting licences in the Fingoe Belt of Mozambique, with a total of 909 square kilometres. This belt lies less than 100km south of Eagle Eye and has very similar geology and mineralisation. The new licences are 100% held by the African Eagle Group and are valid for five years.

John Park
Chairman
African Eagle Resources plc