African Eagle Resources plc

DRILL RESULTS FROM MIYABI

News Report
19 December 2005

African Eagle Resources plc ("the Company", ticker AFE) is pleased to announce the results of the recently completed second phase RC and diamond drilling programme at its Miyabi Project in Tanzania.

The mineralised intersections include:

31.1 g/t over 30 metres, 9.7 g/t over 33m and 3.3g/t over 21m at Shambani prospect

6.9 g/t over 21m including 42 g/t over 3m at Kilimani prospect

6.4 g/t over 18m at Ngaya prospect

Overall, 64% of the 90 holes drilled intersected gold values above 0.5 grams per tonne (g/t) over three metres or more.

The current field season's drilling aimed to delineate better the gold resources at the existing mineralised prospects and to test new exploration targets. The drilling programme successfully identified steeply plunging high-grade ore shoots within the broad lower grade zones already known at the Kilimani, Shambani and Ngaya prospects.

At Shambani, oblique intersections of a newly discovered shoot included 31.1 g/t Au over 30m and 9.7g/t over 33m. Kilimani yielded an intersection of 6.9 g/t Au over 21m and the shoot at Ngaya returned 6.4 g/t Au over 18m. Click here to view a comprehensive table of the key drilling results.

A larger RC drilling rig was mobilised in early December to begin the final phase of the 2005 drilling programme and to delineate these ore shoots better. As soon as they are received, the results of this phase of the programme will be forwarded to independent consultants SRK Consulting so that their January 2005 resource calculation of 400,000 ounces of gold can be updated.

The Company also completed new surface surveys, including extensions of the geophysical IP coverage. These surveys showed that the sulphide zones which form the primary host of the gold mineralisation at Faida and Shambani extend throughout the 7km long Miyabi Corridor. Drilling to test these sulphide zones will begin in the New Year.

Managing Director Mark Parker commented "The results of the drilling and the recent geophysical surveys have shown yet again the potential that Miyabi has to offer. The identification of new high-grade ore shoots is especially encouraging. 2006 will see an expanded drilling programme aimed at defining additional mineralised zones".

John Park
Chairman
African Eagle Resources plc