African Eagle Financial Advisor Appointed

Appointment of Financial Advisor

17 July 2012: African Eagle Resources plc ("African Eagle" or the "Company")
(AIM: AFE; AltX: AEA) is pleased to announce the appointment of Cutfield Freeman
& Co Ltd. ("CF&Co") to act as Financial Advisor to the Company.

CF&Co is engaged to examine, develop and implement financing strategies for the
development of the Dutwa project. The assignment will embrace strategic
investor, equity and debt elements.  CF&Co is a well renowned and respected
independent financial advisory services consultancy with a wealth of experience
in successfully executing transactions in the mining and metal processing
industries.

Commenting on the announcement, African Eagle's CEO, Trevor Moss said "The
appointment of CF&Co to work along with our newly appointed Finance Director,
David Newbold, is a fundamental step to support the development of Dutwa.  Since
the early part of the year we have systematically progressed development through
our efforts to de-risk the technical, engineering and social and environmental
aspects of the project.  The appointment of CF&Co extends this de-risk focus
into the area of financing.  African Eagle continues to diligently develop Dutwa
with the highest quality resources available."



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

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

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

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

Russell & Associates, Johannesburg
Charmane Russell or Marion Brower
+27 11 880 3924



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Source: African Eagle Resources PLC via Thomson Reuters ONE
[HUG#1627269]




Unternehmen: African Eagle Resources PLC - ISIN: GB0003394813