African Eagle Resources PLC : African Eagle Resources plc: Announcement of maiden JORC resource estimate for Zanzui prospect

  African Eagle Resources PLC : African Eagle Resources plc: Announcement of
              maiden JORC resource estimate for Zanzui prospect

African Eagle - Zanzui Maiden Resource
RNS

Maiden JORC Resource Estimate for Zanzui

08  January  2013:  African  Eagle  Resources  plc  ("African  Eagle"  or  the 
"Company") (AIM: AFE; AltX: AEA) is pleased to announce a maiden JORC Inferred
resource estimate  on a  small part  of its  85% owned  Zanzui complex  of  27 
million tonnes ("Mt") at a grade of 0.81% nickel and 0.06% cobalt.  Estimated 
metal contained in the newly defined resource is approximately 219,000  tonnes 
of nickel and 16,000 tonnes of cobalt.

The Zanzui  complex is  situated about  50km south  of African  Eagle's  Dutwa 
Nickel Project  in  Tanzania  and  this  maiden  resource  confirms  that  the 
lithology of nickel mineralisation discovered  at Dutwa is not limited  solely 
to  that  property  and  that  at  least  one  further  instance  of   similar 
mineralisation exists in  the region. The  Zanzui complex covers  an area  of 
approximately 140 km^2 and the defined Inferred nickel resource measures  only 
around 3 km^2. The Company will explore the potential for ore from Zanzui  to 
become supplemental feed to its Dutwa project.

Table 1    Total January 2013 Zanzui Mineral Resource - Inferred  Resource 
estimate reported above a 0.55% nickel cut-off.

  JORC         Lithology       Tonnes  Ni   Co  SiO[2] Fe[2]O[3] MgO  Al[2]O[3]
 (2004)                         (Mt)  (%)  (%)   (%)      (%)    (%)     (%)
Resource
Category
Inferred Ferruginous-siliceous  23.2  0.81 0.06  62.7    24.9    1.9     1.7
              Transition        3.4   0.81 0.03  45.0    21.7    11.3    2.1
               Sap rock         0.4   0.71 0.03  39.6    14.4    27.3    0.9
                 Total          27.1  0.81 0.06  60.0    24.3    3.5     1.8

Small discrepancies may occur due to the affects of rounding

Commenting on the announcement, African  Eagle's CEO, Trevor Moss,  said,"This 
maiden resource confirms  the medium  term potential  of Zanzui  to become  an 
exciting extension to  our flagship  Dutwa Nickel  Project as  it lies  within 
reasonable transport distance to the planned processing plant at Dutwa.  This 
maiden resource estimate is only for a small part of the large circular shaped
Zanzui mafic/ultramafic complex prospect, which measures around 12  kilometres 
in diameter. Zanzui  is a significant  target and the  Company is  evaluating 
options with regard to expanding exploration to cover the other main areas  of 
the  complex  including   the  strong  potential   for  significant   sulphide 
mineralisation."

The Inferred  resource for  Zanzui  was prepared  by Snowden  Mining  Industry 
Consultants  Pty  Ltd  of  Perth  Australia  from  data  acquired  from  drill 
programmes comprising  75  vertical reverse  circulation  holes drilled  on  a 
staggered pattern of 100m and  200m for a total  of 4,362 metres of  drilling. 
African Eagle performed the drilling in  two phases with the first  occurring 
in August 2008 and the second in May and June 2010. The overall programme was
designed only to  provide early  data for  an initial  investigation into  the 
Zanzui area and to begin the evaluation of Zanzui as a mineral target. 

Qualified Person
Richard Sulway  is  a member  of  the  Australasian Institute  of  Mining  and 
Metallurgy (MAusIMM(CP)) and  has sufficient experience  which is relevant  to 
the style of mineralisation and type of deposit under consideration and to the
activity to  which he  is undertaking  to  qualify as  a competent  person  as 
defined in  the  2004 edition  of  the  "Australasian Code  for  Reporting  of 
Exploration Results, Mineral Resources and Ore Reserves". Richard Sulway is a
full-time employee of  Snowden Mining Industry  Consultants Pty Ltd  and is  a 
Qualified Person under AIM rules. Richard Sulway consents to the inclusion in
the report of the matters based on his information in the form and context  in 
which it appears.

For further information, please visit www.africaneagle.co.ukor contact:

African Eagle Resources plc
Trevor Moss, CEO
Alex Buck
+44 20 7248 6059

Canaccord Genuity Limited (NOMAD and Joint Broker)
Rob Collins or Andrew Chubb
+ 44 20 7523 8000

Ocean Equities Limited (Joint Broker)
Guy Wilkes
+44 20 7786 4370

About African Eagle
African Eagle Resources plc is a nickel development and explorationcompany
listed on the London AIM (AFE) and Johannesburg AltX (AEA) stock exchanges.
The Company's flagship project is the Dutwa Nickel project in Tanzania located
about 25km south of Lake Victoria and 110km east of Mwanza within greenstone
gold belts which host many of Tanzania's operating and developing gold
mines.The Company is currently conducting a Bankable Feasibility Study, which
is due for publication during 2013.

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Source: African Eagle Resources PLC via Thomson Reuters ONE
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