Results From Stepout/Infill Drilling At Esaase Gold Project

VANCOUVER, BC - Keegan Resources Inc. reported new assay results from its Esaase drilling program in southwest Ghana. Keegan drilled significant intercepts in its 1) infill drill holes, 2) shallow step out drill holes north and along strike of the resource, and 3) step out drill holes down dip of the existing resource. Significant Intercepts from infill drilling include 98.1 meters of 1.43 g/t Au, for along strike step outs 20 meters of 1.58 g/t Au, and for down dip mineralization, 52.3 m of 3.01 g/t Au. Keegan currently has numerous holes completed with pending assays and is continuing to drill step out holes on the existing resource in preparation for an expanded resource estimate prior to completion of a pre-feasibility study. In other news, Keegan has completed several drill holes on its Asumura property and is awaiting assays. President and CEO Maurice Tagami said, "These new assay results reveal the continued strength of the gold forming system at Esaase. The drilling is going very well and we are excited to now have two rigs focusing strictly on the exploration outside the existing resource." RC samples were taken at one-meter intervals under dry drilling conditions by geologic and resource consultant Coffey Mining Inc. utilizing drilling and sampling techniques widely accepted in resource definition studies of other West African gold deposits. All reverse circulation drill samples are weighed on site. All samples are assayed using standard 50 gram fire assay with atomic absorption finish by ALS Chemex Labs in Kumasi, Ghana. QA/QC programs using internal and external standard samples, re-assays, and blanks indicate good accuracy and precision in a large majority of standards assayed. Repeatability in duplicate samples is generally within 10% variance. In instances where variance is greater than 10%, the assays from both samples are averaged. Intercepts were calculated to emphasize width rather than grade: a minimum of a 0.2 g/t cut off at beginning and end of the intercept and allowing for no more than eight consecutive samples (six meters) of less than 0.2 g/t Au. Mineralization strikes approximately 10 to 40 degrees east of north and dips 45 to 80 degrees to the west. Holes are drilled at 110 degrees azimuth and are inclined at 45 to 60 degrees, so true widths are estimated to be over 80% of the drilled widths. The company's address is Suite 600, 1199 West Hastings Street, Vancouver, BC V6E 3T5, 604-683-8193, fax: 604-683-8194.