Keegan Resources Inc.
TSX VENTURE : KGN

Keegan Resources Inc.

December 20, 2006 08:30 ET

World Renowned Mine Finder Dr. Roman Shklanka Joins Keegan Resources Advisory Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 20, 2006) - Keegan Resources (TSX VENTURE:KGN) is pleased to report that mining and financial executive Dr. Roman Shklanka has agreed to join the Company's Advisory Board as its inaugural member. Dr. Shklanka is an international mineral explorationist with over 40 years of experience in the mining industry. He has been very successful in identifying and developing major deposits around the world and has extensive experience in negotiations, particularly with foreign governments. Dr. Shklanka has a doctorate in Petrology and Ore Deposits from Stanford University and a Master of Arts in Geology and Bachelor of Commerce degrees from the University of Saskatchewan.

Currently, Dr. Shklanka is the Chairman and a director of International Barytex Resources Ltd. (TSX VENTURE:IBX), Kobex Resources Ltd. (TSX VENTURE:KBX), Polaris Minerals Corporation (TSX:PLS) and Pacific Imperial Mines (TSX VENTURE:PPM).

A few highlights of Dr. Shklanka's more recent successes include Canico Resources where he was the chairman and a director. Canico was recently taken over for US $870 million by CVRD in 2006. Another major success spearheaded by Dr. Shklanka was Sutton Resources Ltd. where Dr. Shklanka served as Vice Chairman 1993-95 and as Chairman from 1995-99 when Sutton was acquired by Barrick Gold Corp for C$525 million. The Bulyanhulu gold mine formerly owned by Sutton Resources Ltd. located in Tanzania, Africa, has in excess of 15 million ounces of gold.

The Company's newly formed Advisory Board will function as a multi disciplinary panel of experts able to provide strategic advice to the Company's Board of Directors as it continues down the fast track of success thanks to recent developments at both the Essase and Asumura Gold projects in Ghana, West Africa.

Dr. Dan McCoy, President and Chief Executive Officer of Keegan Resources, states: "We are very fortunate to have a man of Dr. Shklanka's experience and caliber as an advisor. His extensive experience will be accretive to Keegan board and ultimately its shareholders as we enter into a very exciting and critical time in our corporate development. Dr Shklanka brings a wealth of experience in dealing with foreign governments in Africa and internationally as well as extensive experience in M&A activity with Major mining companies."

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 two active exploration programs in Ghana combined with an enviable capital structure, the company is well positioned to deliver an active and 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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