African Eagle Resources today announces that it has granted 9,408,000 share options on May 26, 2010 at an exercise price of 6.5p to employees and directors under the Company's share option scheme. The exercise price is 67.5% above the closing price of the Company's shares on May 25, 2010. The share options will become exercisable after May 26, 2011 and will expire on May 26, 2015.