African Energy is an exploration and development company with projects in Southern Africa. The Company is currently engaged in feasibility studies and development plans for a number of uranium deposits in southern Zambia, with the objective of completing these studies in 2008 and commencing development of the projects in 2009.

Exploration for uranium and coal is also continuing on the Companies large holdings of tenements and joint venture projects in Zambia, Botswana and Malawi.

The Company has an experienced Board of Directors and management team who have been associated with successful exploration projects and mining developments in Zambia, as well as large scale uranium mining operations in Australia.

9 may 08 PRE FEASIBILITY RESULTS FOR CHIRUNDU PROJECT,  AFR EARNS 70% INTEREST 8 may 08 partial conversion of njame and gwabe inferred resources to indicated status - resources increase to 4,345t u308 (9.5 Mlb) 6 may 08 COMPLETION OF NON RENOUNCEABLE RIGHTS ISSUE 28 april 08 third quarter activities & cashflow report