AFRICAN EAGLE RESOURCES plc

                        Holding(s) in Company


African Eagle Resources plc ("African Eagle" or "the Company", ticker
AIM: AFE, AltX: AEA)  was notified on 29  June 2009 that RAB  Capital
Plc  acting  as  discretionary  manager  of  RAB  Special  Situations
(Master) Fund Limited   no longer  holds any ordinary  shares in  the
capital of the Company.


Mark Parker
Managing Director
African Eagle Resources plc

30 June 2009


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


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

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


About African Eagle

African Eagle is  a diversified mineral  exploration and  development
company operating  in  eastern  and  central  Africa.  The  Company's
principal advanced projects  are the Mkushi  Copper Mines project  in
Zambia, for which a Feasibility Study  will be completed in Q4  2008,
and the  Dutwa  nickel  laterite discovery  in  Tanzania,  where  the
Company has recently announced a resource.

African Eagle has also  defined a gold resource  estimated at half  a
million ounces  at  the  Miyabi  gold project  in  Tanzania,  and  is
evaluating a  second  promising  nickel  laterite  deposit  which  it
recently  discovered  in   Tanzania.  The  Company   holds  a   large
well-balanced portfolio  of promising  earlier  stage gold  and  base
metal projects, including  the Ndola and  Mokambo copper projects  in
Zambia.

Zambia,  Tanzania  and  Mozambique,  the  sites  of  African  Eagle's
projects, are all  countries which have  highly prospective  geology,
relatively low  above-ground risks  and track  records of  successful
major investments in the metals and minerals industries.

African Eagle specialises in  project generation and exploration.  To
take its discoveries into  production, it seeks  to sign up  industry
partners with  records of  successful mine  development. These  joint
ventures and,  in  time, the  revenue  from advanced  projects,  will
finance future exploration and new discoveries.

---END OF MESSAGE---


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.



Copyright © Hugin AS 2009. All rights reserved.