Winding Up Petition 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”) Winding Up Petition African Eagle announces that a winding up petition against the Company (the "Petition") has been issued. The Petition has been served by Mr Euan Worthington (the "Petitioner"), the former Chairman of African Eagle, who resigned from his position on 24 April 2012. The Petitioner claims that he is owed £57,005.09 by the Company and the Petition is listed to be heard on 29 July 2013. The Company is seeking detailed legal advice relating to the Petition, but its current intent is to contest the Petition, if it is appropriate to do so. Shareholders should be aware that, in the event that a winding up order is made at the hearing of the Petition, the Company will, at that point, be placed into liquidation. A further announcement will be made following the Petition hearing, or earlier, if appropriate. Enquiries: 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 Marion Brower +27 11 880 3924 JSE Sponsor Merchantec Capital 12 June 2013 A copy of this announcement will be available on the Company's website at www.africaneagle.co.uk as soon as possible. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement. Date: 12/06/2013 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.