Shareholding update - Anglo Pacific

African Eagle Resources plc
Shareholding update - Anglo Pacific


African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE;
AltX: AEA) was notified on March 14, 2011 that on March 11, 2011, Anglo Pacific
Group PLC (ticker AIM: APF), increased its shareholding in the Company to
29,075,000 ordinary shares which represents approximately 7.11% of the total
voting rights of the Company.

The above notification was made by Anglo Pacific Group PLC pursuant to the FSA's
Disclosure and Transparency Rules.

Bevan Metcalf
Company Secretary


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

Bevan Metcalf
Finance Director
African Eagle Resources plc, London
+44 20 7248 6059
+44 77 5640 6899

Andrew Chubb / Bhavesh Patel
Canaccord Genuity Limited
+44 20 7050 6500

Guy Wilkes
Ocean Equities Limited, London
+ 44 20 7786 4370

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

About African Eagle

Since discovering a major nickel oxide deposit at Dutwa in Tanzania, African
Eagle is in transition from an explorer into a nickel company. The Company
completed a positive scoping study on the Dutwa deposit in July 2009 and is now
working towards a feasibility study.

In addition to Dutwa, African Eagle is also evaluating a second promising nickel
oxide at Zanzui, which is located 60 km from Dutwa. The Company holds a 49%
interest in the Mkushi Copper Mines joint venture in Zambia, for which a draft
feasibility study was completed in Q4 2008. It also holds a half million ounce
gold resource at the Miyabi project in Tanzania, and a portfolio of gold and
base metal exploration assets, including two projects in the Zambian Copperbelt.







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Source: African Eagle Resources PLC via Thomson Reuters ONE

[HUG#1496946]


Unternehmen: African Eagle Resources PLC - ISIN: GB0003394813