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Miyabi Joint Venture: Phase One Complete - 50% Ownership for Rift Valley
African Eagle Resources plc
Incorporated in England and Wales
(Registration number 3912362)
(AIM share code: AFE AIM ISIN: GB0003394813)
(JSE share code: AEA JSE ISIN: GB0003394813)
(“African Eagle” or the “Company”)
Miyabi Joint Venture: Phase One Complete - 50% Ownership for Rift Valley
African Eagle notes the announcement issued on 31 May 2013 by its joint venture partner Rift
Valley Resources Ltd. ("Rift Valley”) (formerly known as BrightStar Resources) regarding the
Miyabi Gold Project in Tanzania.
The Rift Valley Resources announcement states:
“Rift Valley Resources Limited (“Rift Valley”) is pleased to announce that, under the terms of the Joint
Venture Agreement with African Eagle Resources plc (“African Eagle”) on the Miyabi Gold Project in
Tanzania, that Phase One is now complete.
African Eagle has acknowledged in writing that Rift Valley has expended in excess of US$3,000,000,
prior to October 2013, to comply with terms of the Joint Venture Agreement.
The completion of Phase One gives Rift Valley equal ownership in the Miyabi Gold Project with
African Eagle.
Rift Valley can increase its share of the project to 75% under the terms of the Joint Venture
Agreement, or has a pre-emptive right to acquire the remaining share of the project.”
For further information, please visit www.africaneagle.co.uk or contact:
African Eagle Resources plc
Trevor Moss, CEO
+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
Russell & Associates, Johannesburg
Charmane Russell or Marion Brower
+27 11 880 3924
Sponsor
Merchantec Capital
31 May 2013
About African Eagle
African Eagle Resources plc is a nickel development and exploration company listed on the London
AIM (AFE) and Johannesburg AltX (AEA) stock exchanges. The Company's flagship project is the
Dutwa Nickel project in Tanzania located about 25km south of Lake Victoria and 100km east of
Mwanza within greenstone gold belts which host many of Tanzania's operating and developing gold
mines.
Date: 31/05/2013 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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