Keegan Resources Inc.
TSX VENTURE : KGN

Keegan Resources Inc.

October 13, 2006 11:47 ET

Keegan Corrects Previous News Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 13, 2006) - In Keegan's (TSX VENTURE:KGN) previous news release, the second sentence of the third paragraph should read: "Keegan recently received aeromagnetic data that shows that the same series of north east trending belt bounding structures hosting Newmont's Ahafo (12.2 Moz reserve) trend underneath the Bia River valley on the Asumura property."

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.

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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