RNS Number:3709R
African Eagle Resources PLC
28 October 2003

                          African Eagle Resources plc

                              AT EAGLE EYE, ZAMBIA

Since July, African Eagle Resources plc has been conducting geological and other
surveys over its Eagle Eye copper and precious metals project in Zambia.  The
results show that the mineralisation is far more extensive and potentially
richer than previously anticipated. The Company will soon begin a drill
programme, which is expected to be completed by the end of the year, to test the
targets revealed by these new results.

Chris Davies, African Eagle's Operations Director, says "These new results show
that the copper zone is more than twice as long as we previously thought and
appears to contain many high-grade pods.  Gold, silver and other metals also
occur, and evidence mounts that this is an Iron-Oxide-Copper-Gold discovery".


The Eagle Eye prospect lies within African Eagle's Sasare licence in Eastern
Zambia.  In February, a programme of sampling and geological traversing by
African Eagle revealed the potential for a large copper deposit, probably of the
"iron-oxide-copper-gold" type (IOCG), as described in the Company's news release
dated 7 March 2003.

Since July, the Company has been investigating Eagle Eye as one of its priority
projects.  The fieldwork included geological mapping, soil geochemistry, ground
magnetic surveys and sampling of outcrops and old trenches.  Detailed surveys
covered an inner 5km x 2km zone and reconnaissance surveys extended across a
wider 11km x 7km region.

The soil geochemical survey, conducted for African Eagle by Lusaka-based
Geoquest, defined two main copper zones: a 2.5km northwest trending zone at
Eagle Eye proper and a northeast trending zone extending for at least 5km at
nearby Mweze. Gold also occurs in association with the copper in places.

The geological mapping, by an independent consultant, covered the central target
areas and confirmed the presence of an extensive copper mineralised system. The
geological nature of the mineralised area shows many characteristics of IOCG
deposits, including widespread alteration and hydrothermal breccia zones.

Channel chip sampling of old prospectors' trenches at both Eagle Eye and Mweze
confirmed the potential for economic mineralisation. The trench results include
an 8m width at 3.53% copper, 9m at 2.4%, 15m at 0.94% and 26m at 0.43%. The
trench results also included 3 metres at 0.3 grams per tonne gold. Grab sampling
of outcrops from newly discovered mineralization northeast of Mweze highlighted
the potential for gold, with samples returning values of 8.7, 2.9 and 0.36 grams
per tonne gold.

African Eagle will now drill test the mineralisation, extend the detailed
surveys and dig trenches across the newly discovered target areas.  The drilling
results are expected to be announced early in 2004.

See our website www.africaneagle.co.uk for an expanded version of this

John Park

28 October 2003

 For further information                                          Tel                    Fax

John Park (Chairman)              African Eagle              00 61 7 5528 6750      00 61 7 5528 6750
Mark Parker (MD)                  African Eagle              015 9067 9420          020 7691 7745
Leesa Peters                      Conduit PR                 078 1215 9885          020 7936 9100
John Robertson                    Nabarro Wells              020 7710 7400          020 7710 7401

                      This information is provided by RNS
            The company news service from the London Stock Exchange