Change of Sponsor

AFRICAN EAGLE RESOURCES plc

CHANGE OF SPONSOR

African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE;
AltX: AEA) has appointed Merchantec Capital as Sponsor to the Company in terms
of its listing on JSE Limited, with effect from 1 July 2010.

Bevan Metcalf
Company Secretary
African Eagle Resources plc

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

Mark Parker
Managing Director
African Eagle
+44 20 7248 6059
+44 77 5640 6899

Nicola Marrin
Seymour Pierce Limited, London
Nominated Adviser
+ 44 20 7107 8000

Ed Portman / Leesa Peters
Conduit PR, London
+44 20 7429 6607
+44 77 3336 3501

Charmane Russell
Russell & Associates, Johannesburg
+ 27 11 8803924
+27 82 8928052



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Source: African Eagle Resources PLC via Thomson Reuters ONE


Unternehmen: African Eagle Resources PLC - ISIN: GB0003394813