African Eagle Resources PLC: Receipt of AU$50,000 from Syrah Resources Limited

11 November 2013

AFRICAN EAGLE RESOURCES PLC

("African Eagle" or the "Company")

Receipt of AU$50,000 from Syrah Resources Limited

African Eagle (AIM: AFE, AltX: AEA) is pleased to announce that further to the announcement of 18 June 2013 the remaining conditions precedent for the revised agreement with Jacana Resources Limited dated 25 October 2011 have now been fulfilled and the outstanding consideration of AU$50,000 has today been received by the Company from Syrah Resources Limited.

For further information, please visit www.africaneagle.co.uk or contact:

African Eagle Resources plc

Robert McLearon, Managing Director

[phone]

Strand Hanson Limited (NOMAD)

Stuart Faulkner

Angela Hallett

James Dance

+ 44 20 7409 3494

Ocean Equities Limited (Broker)

Guy Wilkes

[phone]

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: African Eagle Resources PLC via Thomson Reuters ONE

HUG#1742141