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Fri 14 Jan 2011, 17:20 AEA - African Eagle Resources Plc - Exercise of Share Options
AEA
AEA                                                                             
AEA - African Eagle Resources Plc - Exercise of Share Options                   
African Eagle Resources plc                                                     
Incorporated in England and Wales                                               
(Registration number 3912362)                                                   
(AIM share code: AFE   AIM ISIN: GB0003394813)                                  
(JSE share code: AEA   JSE ISIN: GB0003394813)                                  
EXERCISE OF SHARE OPTIONS                                                       
African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE; 
AltX: AEA) announces that employees have exercised share options over a total of
532,000 shares at a price of 6.5p to purchase ordinary shares of one pence each 
in the Company and the new shares will rank pari passu with the existing shares.
Following this exercise, the total number of shares allotted and issued is      
385,294,128 and the Company has made application for 532,000 new shares to be   
admitted to trading on AIM, with dealings expected to commence on 20 January    
2011.                                                                           
Bevan Metcalf                                                                   
Company Secretary                                                               
Sponsor                                                                         
Merchantec Capital                                                              
14 January 2011                                                                 
For further information about the Company, see the Company`s web site           
www.africaneagle.co.uk or contact one of the following:                         
Bevan Metcalf                                                                   
Finance Director and Company Secretary                                          
African Eagle Resources plc, London                                             
+ 44 20 7248 6059                                                               
Jeremy Stephenson                                                               
Nicola Marrin                                                                   
Seymour Pierce Limited, London                                                  
Nominated Adviser and Co-broker                                                 
+ 44 20 7107 8000                                                               
Guy Wilkes                                                                      
Ocean Equities Limited, London                                                  
Co-broker                                                                       
+ 44 20 7786 4370                                                               
Ed Portman / Leesa Peters                                                       
Tavistock Communications, London                                                
+ 44 20 7920 3150                                                               
+ 44 77 3336 3501 begin_of_the_skype_highlighting                               
end_of_the_skype_highlighting                                                   
end_of_the_skype_highlighting                                                   
Charmane Russell / Marion Brower                                                
Russell & Associates, Johannesburg                                              
+ 27 11 880 3924 begin_of_the_skype_highlighting                                
+ 27 82 892 8052                  end_of_the_skype_highlighting                 
end_of_the_skype_highlighting                                                   
Date: 14/01/2011 17:20:01 Produced by the JSE SENS Department.                  
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