Keegan Resources Inc.
TSX VENTURE : KGN
AMEX : KGN

Keegan Resources Inc.

February 19, 2008 12:52 ET

Keegan Exploration Drilling Discovers New Parallel Gold Structure at Esaase Gold Projectand Extends the B-1 Structure

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2008) - Keegan Resources Inc. ("Keegan") (TSX VENTURE:KGN)(AMEX:KGN) is pleased to announce the results of 9 drill holes from a newly discovered gold structure on the Esaase property as well as 17 additional holes from the B-1 structure. The newly discovered D-1 mineralized structure appears to be a parallel zone to the A-1 fault which hosts Keegan's 43-101 compliant resource; the D-1 mineralized structure lies approximately one kilometer west of the A-1 structure and one km west of the B-1 structure. It appears to be mostly covered by alluvium or low lying vegetation. Drilling highlights include 17 meters of 3.64 g/t Au from hole 243 and 23 meters of 1.2 g/t Au from hole 242. The mineralized portion of this zone is at least 300 meters long and is open along strike and down dip. Please see a drill hole location map of this new zone at www.keeganresources.com.

In addition Keegan has received assays from 17 drill holes that have significantly expanded the B-1 mineralized structure to a total strike length of 600m, (please see NR dated June 4, 2007 announcing discovery of this parallel zone). Highlights include 45 meters of 1.06 g/t Au in drill hole 203 and 31 meters of 1.01 g/t Au in drill hole 204. Keegan plans to continue to explore both the D-1 and B-1 structures with additional drill holes along strike and down dip.



Table 1. Drill holes from the D-1 and B-1 mineralized
structures, Esaase gold deposit

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Hole_ID From To Width grade (g/t)
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D-1 Zone
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KERC240 100 107 8 0.75
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KERC241 96 101 5 7.88
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including 100 101 1 36.4
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KERC242 64 87 23 1.2
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KERC243 28 45 17 3.64
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including 41 42 1 30.7
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including 44 45 1 12.7
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KERC244 47 66 19 0.5
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KERC244 81 88 7 0.9
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KERC244 104 118 14 1.05
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KERC245 8 57 49 0.78
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KERC246 41 50 9 0.79
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KERC247 no significant intercepts
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KERC248 51 56 5 1.45
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KERC249 no significant intercepts
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B-1 Zone
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KERC129 no significant intercepts
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KERC130 0 5 5 0.58
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KERC130 31 45 14 0.87
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KERC131 1 35 35 1.17
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KERC132 5 10 5 0.71
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KERC133 10 30 20 1.03
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KERC134 63 80 17 0.56
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KERC134 97 103 6 0.63
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KERC134 166 172 6 0.53
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KERC203 22 67 45 1.06
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KERC203 108 113 5 0.73
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KERC204 51 82 31 1.01
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including 63 64 1 10.33
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KERC204 156 169 13 0.86
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KERC205 no significant intercepts
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KERC206 144 170 26 1.06
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KERC207 34 41 7 1.35
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KERC207 144 197 53 0.64
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KERC208 6 14 8 0.66
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KERC208 161 170 9 0.62
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KERC209 138 160 22 1.32
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KERC209 189 194 5 0.54
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KERC210 80 90 10 1.03
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KERC211 no significant intercepts
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KERC212 57 70 13 0.7
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KERC213 no significant intercepts
-------------------------------------------------------


President and CEO Dan McCoy states: "These new discoveries indicate that we are just starting to uncover what could be a world class metasediment hosted gold vein system. As we continue to define the geologic controls of the gold system, we believe that we will identify additional mineralized structures, as well as high grade corridors along and between structures."

Richard Haslinger, P. Eng. is the Qualified Person with respect to NI 43-101 at Esaase. RC samples were taken at one meter intervals under dry drilling conditions by geologic and resource consultant RSG Global, Inc. utilizing drilling and sampling techniques widely accepted in resource definition studies of other West African gold deposits. All reverse circulation drill samples are weighed on site. All samples are using standard 50 gram fire assay with atomic absorption finish by Transworld Laboratories (GH) Ltd. in Tarkwa, Ghana or SGS Labs in Tarkwa, Ghana. QA/QC programs using internal and external standard samples, re-assays, and blanks indicate good accuracy and precision in a large majority of standards assayed. Intercepts were calculated to emphasize width rather than grade: a minimum of a 0.2 g/t cut off at beginning and end of the intercept and allowing for no more than six consecutive samples (six meters) of less than 0.2 g/t Au. All internal intercepts above 10 g/t Au are reported within the intercept. Intercepts of less than 5 meters or less than 0.5 g/t Au were not reported. Mineralization strikes approximately 30 degrees east of north and dips 45 to 60 degrees to the west. The drill holes are oriented 10 degrees south of north and are inclined at 45 degrees to the east, so true widths are estimated to be over 80% of the drilled widths.

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

To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/Keegan%20Map.pdf

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 and AMEX Exchange have not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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