AFRICAN EAGLE RESOURCES (AFE)

NICKEL DISCOVERY IN TANZANIA

African Eagle Resources plc has received exciting early Nickel  assay results from drilling at its Dutwa Gold and Base Metals Project in Tanzania.

Results to date include:
• 36m @ 1.16% Ni from 12m depth, including 12m @ 2.52% Ni
• 39m @ 1.11% Ni from 6m
• 21m @ 1.33% Ni from 18m
• 30m @ 0.94% Ni from 12m

African Eagle’s Managing Director  Mark Parker comments:
‘The  grades we are seeing at Dutwa are easily comparable with those at many major nickel laterite deposits worldwide. The results to date, coupled with the extent of the geochemical  anomaly, suggest a substantial  nickel endowment. This is a highly  significant discovery, the first of  its type in Tanzania, and appears very promising.’