TIDMAFE 
 
 
   14 August 2013 
 
   African Eagle Resources Plc 
 
   ("African Eagle" or the "Company") 
 
   Board Changes 
 
   The Directors of African Eagle announce the following changes to the 
board of the Company (the "Board") which took place today. 
 
   Following completion of the disposal of substantially all of the 
Company's subsidiaries, assets and liabilities in respect of its 
Tanzanian operations, and the adoption by the Company of its investing 
policy as an investing company under the AIM Rules, Dr Chris Pointon, Mr 
Donald Newport and Ambassador Paul Rupia have resigned as Non-Executive 
Directors with immediate effect and Mr Venkat Siva, Mr Paul Colucci and 
Mr Mark Thompson have been appointed as Non-Executive Directors, also 
with immediate effect. 
 
   Mr Venkat Siva has over 6 years' experience in finance as an investor 
and fund manager, and has managed McIntyre Partners' portfolio since 
2009. At McIntyre Partners, he led the due-diligence, deal execution and 
investment management efforts across several transactions in the energy, 
bulk commodities and infrastructure sectors. Prior to this, Venkat 
worked as a corporate finance banker within Goldman Sachs' M&A 
franchise. During his tenure at Goldman, he advised some of the UK's 
leading blue-chip and mid-cap companies, including Cadbury's, Tesco's, 
and the BBC, amongst others, on issues relating to M&A, fundraising, 
restructuring and strategy. Venkat previously worked for Motorola in 
Singapore, and holds an MBA from the Indian Institute of Management. 
 
   Mr Paul Colucci is an investment banker with over 15 years' experience 
in M&A and corporate finance in the natural resources sector.  Paul is 
currently Executive Vice President and Head of Dundee Securities 
European office based in London as well as CEO of Dundee Arabia-Asia 
based in Dubai, UAE. Before launching Dundee's initiatives in London in 
2011, Paul spent the previous six years heading the European businesses 
of Stifel Nicolaus and its predecessors, Thomas Weisel Partners Group 
and Westwind Partners. Prior to moving to London in 2006, Paul worked as 
an investment banker in Canada (Toronto and Calgary), where he began his 
career in CIBC's Energy Investment Banking group. Paul holds a Bachelor 
of Commerce Degree from the University of Calgary, Canada and is a CFA 
Charterholder. 
 
   Mr Mark Thompson is the former Chief Investment Officer and co-founder 
of Galena Asset Management Ltd, the fund management arm of Trafigura 
Beheer b.v., and latterly a partner at Apollo Management, one of the 
world's largest alternative asset managers. Mark has managed in excess 
of $750m, across four separate funds, all of which were focused on 
natural resources. Mark has extensive experience in raising capital for 
natural resource companies, portfolio management, commodity derivatives 
trading and personal investment in the natural resources sector. He is 
executive Chairman of Treliver Minerals Ltd and a non-executive Director 
of TSX.V listed Eurotin Inc, as well as holding a number of 
directorships in private companies engaged in mineral exploration.  Mark 
holds an M.A. from Oxford University, having completed his undergraduate 
degree in Physics. 
 
   The following information is disclosed pursuant to Schedule Two part (g) 
of the AIM Rules for Companies. There is no further information to be 
disclosed. 
 
   Venkatraghavan Sivaramakrishnan (aged 31) 
 
 
 
 
Current Directorships       Past Directorships (past 5 years) 
 Rift Petroleum UK Limited 
 Western Frontier Limited 
 
 
   Paul Joseph Colucci (aged 39) 
 
 
 
 
Current Directorships              Past Directorships (past 5 years) 
 Dundee Securities Europe LLP       Stifel Nicolaus Europe Limited 
 Dundee European Holdings Limited   Thomas Weisel Partners (UK) Limited 
 
 
   Mark Edward Thompson (aged 41) 
 
 
 
 
Current Directorships        Past Directorships (past 5 years) 
 Treliver Minerals Ltd        Pall Mall Resources Ltd 
 Stannum Resources Ltd        Galena Asset Management Limited 
 MET Trading Ltd              Apollo Management International LLP (Partner) 
 Eurotin Inc                  Western United Mines Limited 
 Margaret Lake Diamonds Ltd   Cornish Minerals Limited 
                              Ingenious Film Partners 2 LLP (Partner) 
 
 
   - END - 
 
   For further information, please visit www.africaneagle.co.uk or contact: 
 
   African Eagle Resources plc 
 
   Robert McLearon, Managing Director 
 
   +44 20 7248 6059 
 
   Strand Hanson Limited (NOMAD) 
 
   Stuart Faulkner 
 
   Angela Hallett 
 
   James Dance 
 
   + 44 20 7409 3494 
 
   Ocean Equities Limited (Broker) 
 
   Guy Wilkes 
 
   +44 20 7786 4370 
 
   About African Eagle 
 
   African Eagle Resources plc is listed on the AIM Market of the London 
Stock Exchange (AFE) and Johannesburg AltX (AEA) stock exchanges. 
 
   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#1723042 
 
 
  http://www.africaneagle.co.uk/
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