Keegan Resources Inc.
TSX VENTURE : KGN
AMEX : KGN

Keegan Resources Inc.

March 18, 2008 12:37 ET

Keegan Commences Drilling at Asumura Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 18, 2008) - Keegan Resources Inc. ("Keegan") (TSX VENTURE:KGN)(AMEX:KGN) is pleased to announce that drilling has commenced at the Asumura gold project. The goal of this drill program will be to conduct an initial drill test of the NW and Bia targets. The NW target is currently 5.5km long and contains several zones of greater than 50 ppb gold in soil samples and up to 4911 ppb gold in augur samples. Keegan will also be testing the coincident aeromagnetic, IP resistivity, and augur anomalies at the Bia anomaly which represent a major fault structure measuring over 15km in strike length. The Asumura project currently hosts mineralized structures now measuring in excess of 40km in strike and it is likely that multiple programs will be required in order to properly test the full extent of the currently outlined area's of interest.

Dan McCoy, President and CEO of Keegan states: "We are very excited to drill the Asumura property. We have spent the better part of the last year outlining the major structures through aeromagnetics which have subsequently been complemented by positive geochemistry and augur drilling results".

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 and on the AMEX under the symbol KGN. More information about Keegan is available 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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