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MINESITE PRESENTATIONS

News Report
24 April 2006

African Eagle (ticker AFE, the "Company") is pleased to announce that it will be presenting a review of its current operations and future plans, as recently announced, at the MineSite forums in London, Paris, Geneva and Zurich during the course of this week.

The Company's Managing Director and Operations Director will discuss the recent announcement that the Company plans to move its two most advanced projects, Mkushi copper and Miyabi gold, to feasibility and production decisions over the next two years. As part of its ongoing strategic review, the Company continues to consider the most appropriate way of financing these and its other projects, which may or may not include strategic partnerships, farm-outs, additional equity or debt financing.

African Eagle is a mineral resources exploration and development company with its focus on eastern and central Africa. It operates in Zambia, Tanzania and Mozambique, countries with highly prospective geology and low above-ground risks, which have all been recent destinations for successful major investments in the metals and minerals industries.

The Company has a highly motivated team, proven management and an experienced board. Its principal operations are the Miyabi gold project in Tanzania and the Mkushi copper project in Zambia. It also holds a well-balanced exploration portfolio including highly prospective areas near Ndola in the Zambian Copperbelt, a large iron oxide copper gold (IOCG) system at Eagle Eye in Zambia and many promising early stage projects.

Mark Parker
Managing Director
African Eagle Resources plc