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AFRICAN EAGLE SHARES NOW TRADED ON PLUS MARKETS AND FURTHER POSITIVE DRILLING RESULTS FROM THE MKUSHI COPPER MINES PROJECT

News Report
10 April 2007

African Eagle announces that as of today its shares will be traded on PLUS Markets, an alternative London trading platform. The Company's principal trading facility will continue to be AIM.

The Company is also pleased to announce additional results reported by its development partner CGA Mining Ltd from the resource definition drill programme being conducted as part of the feasibility study of the Mkushi Copper Mines in central Zambia. Mineralised intercepts included:

32.9m at 2.10% copper
11m at 2.97% copper
23m at 1.38% copper

African Eagle's Managing Director Mark Parker comments "These new results obtained from the core area at Mkushi continue to show the good width and grade of the deposit. Mineralised intersections in some RC pre-collars indicate a potential for previously unknown copper mineralisation to the west of the known H-Zone resource. The resource drilling programme is continuing, with three diamond drill rigs currently active, and further results can be expected over the coming weeks".

The new results relate to drilling completed to establish and define mineable resources at the central H-Zone and Munshiwemba targets in December 2006 and January 2007. During the period, 8 diamond drill holes for 1,455m and 12 reverse circulation (RC) drill holes and pre-collar holes for 1,457m were completed. A further 23 diamond drill holes for 3,158m and 8 RC pre-collar holes for 840m were completed between the end of January and the end of March.

Significant thicknesses of high grade copper mineralisation were intersected in diamond holes drilled to test the H-Zone mineralised body at depth. Significant results were also reported from the southern end of the Munshiwemba pit, demonstrating robust mineralisation over a strike length of at least 200m and adding to our resource expectations for this area.

In addition, mineralisation was intersected in several reverse circulation pre-collar holes west of H zone. Pre-collars employ the cheaper and faster reverse circulation method to drill the upper parts of deep holes, before switching to diamond drilling. The pre-collar part of a drill hole is normally expected to be more or less barren, but a number of pre-collars at Mkushi, notably MH47, intersected copper mineralisation. The positive results from these holes are encouraging as they indicate the potential for additional zones of mineralisation west of the main H zone ore body.

All intersections from the new results which contain 0.2% copper or more are tabulated below. No top-cut has been applied to the copper concentrations. All the drill holes reported here were inclined at 45 to 50 degrees, so the true depths are about 70% of the down-hole depths.

Assays results from some further 3,500m of completed drilling are being evaluated and results will be announced when received. Three diamond drill rigs are operating on resource definition at Mkushi and quotes have been obtained to pump dry the old open pit to allow access for sampling and drilling of the rich Munshiwemba target zone. More results are expected over the coming months and can be expected to lead to a revised and increased JORC-compliant copper resource in due course.

John Park
Chairman
African Eagle Resources plc

Qualified Person

Information in this report relating to exploration results is based on data reviewed by Mr Christopher Davies BSc, MSc, DIC, Operations Director for African Eagle, who is a Fellow of the Australasian Institute of Mining and Metallurgy, has more than 25 years relevant experience in mineral exploration and is a Qualified Person under AIM rules. Mr Davies consents to the inclusion of the information in the form and context in which it appears.