African Eagle Regulatory News (AFE)

African Eagle Resources plc

("African Eagle" or the "Company")

Allard Shareholding Update

African Eagle Resources plc (AIM: AFE; AltX: AEA) was notified on April
30, 2012 that, as a result of the Company's recent placing, Allard Services Ltd
now holds a total of 78,530,761 ordinary shares in the Company which represents
approximately 11.32% of the total voting rights of the Company.  Prior to the
placing, Allard held 46,030,761 ordinary shares.

The above notification was made by Allard pursuant to the FSA's Disclosure and
Transparency Rules.

About African Eagle
African Eagle Resources plc is a junior mining explorer and developer with
development projects in Tanzania and Zambia.  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 quoted on the
AIM market of the London Stock Exchange (AIM: AFE) and on the AltX of the
Johannesburg Stock Exchange (AltX: AEA).

For further information:

Please visit the Company's website: www.africaneagle.co.uk or contact:

African Eagle Resources plc
Andrew Robertson (Company Secretary)
Yasumi Toyoda (Investor Relations)
+44 20 7248 6059

Canaccord Genuity Limited
Rob Collins
Andrew Chubb
+ 44 207 523 8000

Ocean Equities Limited
Guy Wilkes
+44 20 7786 4370

Russell & Associates, Johannesburg
Charmane Russell
Marion Brower
+27 11 8803924


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Source: African Eagle Resources PLC via Thomson Reuters ONE
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