Keegan Resources Inc.
TSX VENTURE : KGN

Keegan Resources Inc.

April 10, 2006 12:52 ET

Keegan Confirms New Gold Discovery at Asumura with Initial Holes from RC Drilling Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2006) - Keegan (TSX VENTURE:KGN) is pleased to release results from the first two east-west reverse circulation fences across the Wagyakrom Target Area. The holes were drilled to depths of 60-120 meters and angled 45-55 degrees west. Both fences spaced 200m apart, intercepted a substantial mineralized fault between metasedimentary and metavolcanic rocks. Drill hole 7 of the farthest north fence intercepted 30 meters @ 0.50 g/t Au including 4.5 meters @ 1.28 g/t Au. Drill hole 17 on the second fence intercepted 30 meters @ 0.59 g/t Au including 4.5 meters of 2.39 g/t Au. Please visit www.keeganresources.com for corresponding maps.

The majority of the holes that penetrated the leached saprolitic layer and were stopped due to limitations of the RC drill rigs caused by a pronounced clay layer separating the leached saprolite layer from the bedrock below. Keegan is currently mobilizing a core rig to the site to further test the tenor of the mineralized structure both in the saprolite and in the bedrock below while it continues to define the strike length of the structure with additional east-west reverse circulation fences. Core drilling is expected to commence late April. The company has also expanded the scope of the Phase One RC drill program to over 120 holes.

The Asumura concession comprises a 210 square kilometer area within the highly prospective Sefwi greenstone belt. In addition to the current drilling program on the 2 km long Wagyakrom anomaly, the company continues to enhance its drill targets at the 4 km long Twiapasi Target Area and the 8 km long Mangoase Anomaly using both geochemical and geophysical methods. Vincent Dzakpasu, a qualified member of the Institute of Mining and Metallurgy in the United Kingdom is Keegan's QP on the property.

Dan McCoy, President and CEO of Keegan Resources states: "We believe this is the first of a series of very exciting discoveries at Asumura. Although we have barely started, we have already intersected a mineralized structure of bulk mineable width and grade. We believe that the core rig will continue to intercept this structure in the unleached bedrock below the saprolite."

About Keegan Resources

With a primary focus on established gold districts located in stable political environments, Keegan's seasoned exploration and management team have leveraged their collective experience and networks of contacts to efficiently assess, acquire and explore high quality, mid stage, precious and base metal projects. With active exploration programs in Nevada and Ghana combined with an enviable capital structure the company is well positioned to deliver an active, exciting year for its investors.

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 that 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.


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