Keegan Resources Inc.
TSX VENTURE : KGN

Keegan Resources Inc.

December 27, 2007 08:30 ET

Keegan Announces Approval to List its Common Shares on the American Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 27, 2007) - Keegan Resources Inc. (TSX VENTURE:KGN) (the "Company") is pleased to announce that its common shares have been approved for listing on the American Stock Exchange ("Amex") and are tentatively scheduled to commence trading on January 2, 2008, under the symbol KGN.

The Amex Specialist for the Company will be J. Streicher and Co. This approval is contingent upon the Company being in compliance with all applicable listing requirements on the date it begins trading and may be rescinded if the Company is not in compliance with such requirements.

The Company's shares will continue to trade on the TSX Venture Exchange.

"Our listing on the American Stock Exchange is an important milestone for the Company. This listing will provide a more convenient trading market for U.S. investors, significantly enhancing Keegan's visibility within the U.S. investment community," commented Daniel McCoy, President and Chief Executive Officer of Keegan.

We seek Safe Harbor.

About Keegan Resources: Keegan is a junior gold company offering investors the opportunity to share ownership in the rapid exploration and development of high quality, pure gold assets. The Company is focused on its wholly owned flagship Esaase and Asumura gold projects located in Ghana, West Africa. Managed by highly skilled and successful technical and financial professionals, Keegan is well financed with no debt. Keegan is also strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighboring communities. Keegan trades on the TSX-VEN under the symbol KGN. More information about Keegan is available at www.keeganresources.com.On Behalf of the Board
Dan McCoy, Ph.D., President & CEO
This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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