African Eagle Resources PLC: Board Changes

30 May 2014
African Eagle Resources plc

("African Eagle" or the "Company")

Board Changes


Further to the announcement of 9 April 2014 African Eagle announces the
appointment of Mr Nicholas Antony Clarke (Nick Clarke) (aged 53) and Mr
Orikolade Adebayo Karim (Kola Karim) (aged 45) to the board of African Eagle
("Board") with immediate effect. In addition Robert McLearon who is currently
the Managing Director of African Eagle will step down as Managing Director and
assume the position of Finance Director with immediate effect.

Kola Karim, who has been appointed as Non-Executive Chairman of African Eagle,
is the CEO and controlling shareholder of Shoreline Energy International
Limited, a Nigerian conglomerate with interests that span oil and gas, power,
engineering, infrastructure and construction across sub-Saharan Africa.  Kola
went to City University, has attended Leicester University MBA programme, he
also attended Harvard Business School and the Harvard Kennedy School of
Government.  He was named a Young Global Leader by the World Economic Forum in
2008.

The following table sets out the names of all companies and partnerships of
which Kola Karim has been a director or partner at any time in the previous five
years:-


+----------------------------------------+-------------------------------------+
|Current Directorships / Partnerships |Directorships / Partnerships in the|
| |last 5 years |
+----------------------------------------+-------------------------------------+
|Shoreline Building Services Limited |Askar Paints Nigeria Limited |
|Shoreline Power Company Limited |Alumaco Nigeria Plc |
|Fortis Construction Company Limited | |
|Equestrian Company Limited | |
|CWA Furniture & Joinery Limited | |
|CWA Homes Limited | |
|Industrial and Mechanical Services | |
|Limited | |
|Shoreline Electrical Systems Limited | |
|Shoreline Oil Services Limited | |
|Stonebrand International Limited | |
|L.D'Alberto & Co Ltd | |
|Agbara Shoreline Company Limited | |
|Davof Technical Services Limited | |
|Koda Trading Company Limited | |
|Satellite Communication and Industrial | |
|Technical Limited | |
|Double Platform Infrastructural Limited | |
|Davof Trading Company (Nigeria) Limited | |
|Schlumberger Testing and Production | |
|Services Nigeria Limited | |
|Fortis Ghana Limited | |
|Shoreline Natural Resources SPV1 Limited| |
|Shoreline Power Company SPV1 Limited | |
|Hermosa Management Company Limited | |
|Vanguard Life Assurance Limited | |
|Seven Seven Market Limited | |
|Arden House Residents Company Limited | |
|Shoreline Energy International Limited | |
|Costain (West Africa)Plc | |
|Nigerian Ropes Plc | |
|Shoreline Natural Resources Limited | |
|Trans Amadi Facilities Limited | |
|A G Leventis (Nigeria) Plc | |
|EcoBank Nigeria Limited | |
|Agbara Shoreline Power Limited | |
+----------------------------------------+-------------------------------------+
Shoreline Energy International Limited currently holds 140,937,440 ordinary
shares in the issued share capital of African Eagle representing approximately
16.18 per cent. of the issued share capital of the Company.  Kola Karim owns 90
per cent. of the issued share capital of Shoreline Energy International Limited
and is also the company's Chief Executive Officer.

Nick Clarke, who has been appointed as Chief Executive Officer of African Eagle,
went to Camborne School of Mines graduating with a BSc (Hons) in Mining.  He is
a successful entrepreneur having founded and sold a carbon trading business and
a natural gas trading company and has made numerous investments in the mining
sector as well as investments in other sectors.  He has more than thirty years'
experience in natural resources and related industries.

The following table sets out the names of all companies and partnerships of
which Nick Clarke has been a director or partner at any time in the previous
five years:-

+----------------------------------------------------+-------------------------+
|Current Directorships / Partnerships |Directorships / |
| |Partnerships in the last |
| |5 years |
+----------------------------------------------------+-------------------------+
|Salkeld Investments Limited  (England and Wales) |Grendahl Investment |
|Brackenwood Polo Limited (England and Wales)    |Limited  (England and |
|Blackdown Resources (UK) Ltd (England and Wales) |Wales) |
|Interalloys Trading Limited (England and Wales) |Carbon Resource |
|Interalloys Limited (England and Wales)    |Management Ltd (England |
|Smarta Enterprises Limited (England and Wales)      |and Wales) |
|Blackdown Minerals Limited (England and Wales)     |Treliver Minerals |
|Twigg Minerals Limited (England and |Ltd (England and Wales) |
|Wales)               | |
|Twigg Resources Limited (England and | |
|Wales)             | |
|Twigg Gold Ltd (Tanzania) | |
|                                       | |
|W.G.Exploration | |
|Ltd (Tanzania)                              | |
|Kiokote Exploration Ltd | |
|(Tanzania)                     | |
|Twigg Minerals Ltd | |
|(Tanzania)                               | |
|Tanzania Nickel Holdings Limited (BVI) | |
+----------------------------------------------------+-------------------------+

Nick Clarke currently holds 87,119,892 ordinary shares in the issued share
capital of African Eagle representing approximately 10 per cent. of the issued
share capital of the Company through his wholly owned company Salkeld
Investments Limited.

There are no further disclosures to be made under Schedule 2(g) of the AIM Rules
for Companies.

Robert McLearon, Finance Director commented "I am delighted to welcome Nick and
Kola to the Board and believe that their proven entrepreneurial skills,
enthusiasm and experience in Africa and natural resources will, in time, result
in value enhancing transactions for the benefit of shareholders."

Given that the Board comprises only three directors it has been decided that
until such point as further non-executive directors are appointed the Audit and
Remuneration Committees will comprise all three directors.  It is hoped that
further non-executive directors will be appointed in due course and that they
will take on the responsibilities of the Audit and Remuneration Committees.  Mr
Kola Karim will chair the Remuneration Committee and Mr Robert McLearon will
chair the Audit Committee.

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

Enquiries:

African Eagle Resources plc Tel: +44 (0) 20 7002 5361
Robert McLearon, Finance Director



Beaumont Cornish Limited (Nominated Adviser) Tel: +44 (0) 207 628 3396

Roland Cornish
Emily Staples


Pareto Securities Limited (Broker) Tel: +44 (0) 20 7786 4370
Guy Wilkes




About African Eagle
African Eagle Resources plc is quoted on the AIM Market of the London Stock
Exchange (AFE) and Johannesburg AltX (AEA) stock exchanges.













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