Keegan Resources Inc.
TSX VENTURE : KGN

Keegan Resources Inc.

August 12, 2005 13:45 ET

Keegan Resources Inc.: New Soil Results from the Asumura Property in Ghana

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 12, 2005) - Keegan Resources Inc. ("Keegan") (TSX VENTURE:KGN) is pleased to announce new results from its soil program at its Asumura Project in Southwest Ghana. Since the last press release dated August 3, 2005, Keegan received assays for an additional 383 soil samples bringing the total number of soil sample assays on the Asumura concession to 2317. Of the new assays received, seven exceeded 100 ppb Au including the two single highest assays to date, 1412 ppb Au and 495 ppb Au. Keegan crews have kept a careful record of soil types: all of the 19 samples exceeding 100 ppb Au from the complete sample set are of laterite type, lacking in alluvial material or obvious transported fragments.

These results provide further confirmation that the Manu 1 Au-in-soil anomaly remains continuous along its 3.4-kilometer EW trending strike length, with a single new infill line having a high assay of 226 ppb Au directly on trend with the anomaly. The results also reveal two new parallel EW trending anomalies 700 meters (Manu 2) and one km (Manu 3) north of Manu 1. Manu 2 consists of two samples assaying 156 and 253 ppb Au taken 600 meters apart from separate lines. It is open to the west. Manu 3 consists of two samples assaying 1412 and 253 ppb Au taken 880 meters apart sampled from separate lines. It is open to both east and west.

Other results from the most recent assays include three greater-than-100 ppb Au assays returned from follow-up samples taken 7 km NNW and 14 km SSW of the Manu anomalies, well out into the basement sediments.

Keegan plans to define the Manu 1, 2, and 3 anomalies with 100-meter spaced NS lines. It will be using three soil crews to undertake the substantial amount of sampling required and the company is planning an IP grid in the area along the same lines. Keegan will use a separate crew to follow up on the anomalies to the south (see press release dated August 3, 2005) and west. Keegan will post updated maps showing the new results and the next planned lines at www.keeganresources.com starting on August 16.

The Asumura Project consists of a 280 square kilometer reconnaissance concession located 65 km southwest of Newmont's (TSX:NMX)(NYSE:NEM) Ahafo gold district (proven and probable reserves of 10.6 Moz at an average gold grade of 0.068opt (1.92g)). Vincent Dzakpasu, a qualified member of the Institute of Mining and Metallurgy in the United Kingdom is Keegan's QP on the property. SGS Labs and TWL Labs in Ghana performed all of the assays.

Keegan is also pleased to announce TSX Venture Exchange acceptance of the Regent 43-101 technical report. This report has been filed and can be found at www.sedar.com. The company plans to drill Regent immediately after the current drill program at Horse Mountain has been completed.

Keegan also announces the resignation of Corporate Secretary and Company Officer Stacey Bligh, Gordon Fretwell will perform the duties of Corporate Secretary in addition to his duties as CFO and director.

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.

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