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DRILLING UPDATE FROM MKUSHI

News Report
7 April 2006

African Eagle Resources plc ("the Company" or "African Eagle", ticker AFE) is pleased to announce further results from its 2006 drilling programme at the Mkushi copper project in central Zambia. Mineralised drill intercepts included:

• 57m at 2.0% copper
• 155m at 0.4% copper
• 24m at 1.3% copper

African Eagle's Managing Director, Mark Parker, comments, "Our drill results continue to demonstrate that there is a robust copper mineralised system at Mkushi. As our 'nearest market' project, Mkushi offers excellent potential for African Eagle to move into production and positive cash-flow."

African Eagle is undertaking an economic scoping and pre-feasibility study on Mkushi, scheduled for completion by the 4th quarter of this year. We hope that this will lead to a full feasibility study and a commercial production decision by the end of 2007.

The new results are from the Company's continuing drilling programme at Mkushi aimed at defining the copper resources beneath the old mining operation at Munshiwemba, in its southwest extension (known as H-Zone) and at the Coloquo prospect 2.5 km to the northeast.

The results of the latest drilling are tabulated below and a map showing all the drill results to date along this zone can be seen at www.africaneagle.co.uk/projects-mkushi.html

The high grade intersection in hole MH23 occurs 100m along strike from hole MH9 which intersected 84m at 1.8% copper. Together, these two holes confirm the existence of substantial high grade copper zones within H zone.

Samples of drill core have been shipped for metallurgical testing and the Company plans to drain the water from the 30m deep open pit at Munshiwemba, to allow detailed evaluation of the mineralisation beneath the pit floor.

John Park
Chairman
African Eagle Resources plc

Competent Person

Information in this report relating to the exploration results is based on data reviewed by Mr Christopher Davies, Operations Director for African Eagle Resources, who is a Fellow of the Australasian Institute of Mining and Metallurgy and qualifies as the Competent Person in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2004). Mr Davies has in excess of 25 years experience in mineral exploration and consents to the inclusion of the information in the form and context in which it appears.