Grant of share options

10 October, 2011

African Eagle Resources plc

GRANT OF SHARE OPTIONS

African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE,
AltX: AEA) today announces that it has granted 3,000,000 share options on 5
October, 2011 at an exercise price of 10p to directors under the Company's share
option schemes. The exercise price is 74% above the closing price of the
Company's shares on 4 October, 2011. The share options will become exercisable
after 5 October, 2012 and will expire on 5 October, 2016.

The grant to directors included:

Director |Position |New Options issued|Total options held
| | |
Mark Parker Managing Director 1,088,328 3,676,328

Christopher Davies Operations Director 1,012,618 3,504,618

Euan Worthington Non-executive 567,824 2,205,824
Chairman

Geoffrey Cooper Non-executive 331,230 1,637,230
Director

Under the rules of the share option schemes, the options may not normally be
exercised before the first anniversary of the date of grant and may not in any
event be exercised later than the fifth anniversary of the date of grant. A
total of 27,578,000 share options are outstanding which is equivalent to 6.73%
of the Company's shares in issue.

For further information please see the Company's web site at
www.africaneagle.co.uk or contact one of the following:

African Eagle Resources plc
Mark Parker (Managing Director)
Euan Worthington (Chairman)
Sandra Spencer (PR Consultant)
44 20 7248 6059
44 77 5640 6899
44 75 1535 7790

Canaccord Genuity Limited
Andrew Chubb
Bhavesh Patel
44 20 7050 6500

Ocean Equities Limited
Guy Wilkes
44 20 7786 4370

Russell & Associates, Johannesburg
Charmane Russell
Marion Brower
27 11 8803924
27 82 8928052







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: African Eagle Resources PLC via Thomson Reuters ONE

[HUG#1553579]


Unternehmen: African Eagle Resources PLC - ISIN: GB0003394813