AFRICAN EAGLE RESOURCES plc
DIRECTOR DEALING
African Eagle Resources plc ("African Eagle", "AFE" or "the Company",
ticker AIM: AFE, AltX: AEA) was notified on 26 February 2009, by Mr
Christopher Davies, Operations Director, that he had purchased on
that day, 83,333 ordinary shares at a price of 3.0 pence per share.
Accordingly Mr Davies interest in the share capital of the Company is
now 794,230 ordinary shares representing approximately 0.37 per cent
of the issued share capital of the Company.
Bevan Metcalf
Company Secretary
African Eagle Resources plc
2 March 2009
For further information, see the Company's web site
www.africaneagle.co.uk or contact one of the following:
Mark Parker
Managing Director
+44 20 7248 6059
+44 77 5640 6899
Nicola Marrin
Seymour Pierce Limited
Nominated Adviser
+44 20 7107 8000
Russell & Associates, Johannesburg
Charmane Russell
+27 11 880 3924
+27 82 892 8052
Conduit PR
Ed Portman / Leesa Peters
+44 20 7429 6607
+44 7733 363 501
About African Eagle
African Eagle is a diversified mineral exploration and development
company operating in eastern and central Africa. The Company's
principal advanced projects are the Mkushi Copper Mines project in
Zambia, for which a draft Feasibility Study was completed in Q4 2008,
and the Dutwa nickel laterite discovery in Tanzania, where the
Company announced a significant resource at the end of 2008.
African Eagle has also defined a gold resource estimated at half a
million ounces at the Miyabi gold project in Tanzania, and is
evaluating a second promising nickel laterite deposit which it
recently discovered in Tanzania. The Company holds a well-balanced
portfolio of promising earlier stage gold and base metal projects,
including the Ndola and Mokambo projects in the Zambian Copperbelt.
Zambia, Tanzania and Mozambique, the sites of African Eagle's
projects, are all countries which have highly prospective geology,
relatively low above-ground risks and track records of successful
major investments in the metals and minerals industries.
African Eagle specialises in project generation and exploration. To
take its discoveries into production, it seeks to sign up industry
partners with records of successful mine development. These joint
ventures and, in time, the revenue from advanced projects, will
finance future exploration and new discoveries.
---END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.