Keegan Resources Inc.
TSX VENTURE : KGN

Keegan Resources Inc.

October 19, 2005 10:49 ET

Keegan: Drilling Commences at Regent Gold-Silver Property in Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 19, 2005) - Keegan Resources Inc. (TSX VENTURE:KGN) is pleased to announce that Phase One core drilling has commenced at the Regent Gold/Silver property in Nevada. In order to prioritize drill targets at Regent, Keegan's technical team completed extensive 3-D modeling, drill chip relogging, and prospect-targeting programs on the Regent property earlier this year. The 3-D modeling program was successful in demonstrating continuity of high-grade intercepts in the Crux, Nose, and Silver Hill prospects, where reverse circulation (RC) drilling by previous operators concentrated on delineating a low-grade bulk mineable resource. Keegan will drill the vein structures with angled oriented core holes for maximum geologic and geometric information.

Dan McCoy, President, and CEO of Keegan, states, "The start of drilling at Regent has signaled the beginning of a highly anticipated time for us. Our technical team has worked very hard during the last year to refine the numerous drill targets that originally provided the basis for us to acquire the Regent Gold/ Silver property. This work will allow us to maximize the use of exploration capital during the drilling phase."

Drilling Progresses at Horse Mountain Property

At the Horse Mountain Project, the deep hole to test for lower plate carbonate host rocks has been completed. The samples have been sent to the laboratory and results will be made public when available. The company has contracted an RC drill rig to complete the next phase of drilling scheduled to begin over the next two weeks.

About Keegan Resources

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.

TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this news release.

Contact Information