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News Details

Keegan Drills 12 Meters of 11.6 g/t and 25 Meters of 4.03 g/t Gold in North Step Out Holes at Esaase

July 9, 2008
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2008) - Keegan Resources Inc. ("Keegan") (TSX VENTURE:KGN)(AMEX:KGN) is pleased to announce results from step out and infill drilling at the Esaase property. Highlights include 12 meters of 11.6 g/t (including 3 meters of 44.1 g/t Au) and 25 meters of 4.03 g/t Au in holes KEDD419 and 416 respectively. The results indicate excellent grades and good continuity of mineralization for at least 430 meters north of Keegan's 43-101 resource. The 12 meters of 11.6 g/t Au in hole 419 was intercepted at 32 meters true depth and Keegan believes that it will project to surface as seen throughout the deposit. Keegan also hit 6 meters of 7.62 g/t Au 815 meters north of the 43-101 resource and received good grades from three drill holes from its infill drilling program including 32 meters of 2.53 g/t Au in drill hole KERC389. Please see drill hole location map at www.keeganresources.com. Keegan has a significant amount of assays still pending from recent drilling north of the resource zone which will be accompanied by drill sections once available.

/T/

Table 1. Significant step out hole intercepts from recent Esaase Drilling 
(From, To, Width in meters, Grade in g/t Au)

-----------------------------------    -----------------------------------
          From     To  Width  Grade              From     To  Width  Grade
Drill ID    (m)    (m)    (m)  (g/t)   Drill ID    (m)    (m)    (m)  (g/t)
-----------------------------------    -----------------------------------
           Stepout holes                           Stepout holes
-----------------------------------    -----------------------------------
KERC344     13     19      6   7.62    KERC415    145    156     11   1.41
-----------------------------------    -----------------------------------
KERC376     24     31      8   1.42    KEDD416     75    106     31   0.94
-----------------------------------    -----------------------------------
KERC403    143    150      7   1.11    KEDD416    119    144     25   4.03
-----------------------------------    -----------------------------------
KERC404     28     43     15   1.77    including  119    120      1   83.6
-----------------------------------    -----------------------------------
including   40     41      1   15.8    KEDD419     45     57     12   11.6
-----------------------------------    -----------------------------------
KERC411     99    114     15   1.69    including   53     56      3   44.1
-----------------------------------    -----------------------------------
including  100    101      1  17.37               Infill holes
-----------------------------------    -----------------------------------
KERC412      0     29     29   2.06    KERC389     48     53      5   1.25
-----------------------------------    -----------------------------------
including    0      1      1  38.59    KERC389     84    116     32   2.53
-----------------------------------    -----------------------------------
KERC412    130    141     11   1.09    KERC389     84     86      2   21.9
-----------------------------------    -----------------------------------
KERC413    140    156     16   0.98    KERC390      1     11     10    0.8
-----------------------------------    -----------------------------------
KERC414      6     16     10   0.97    KERC390     86     93      6   2.66
-----------------------------------    -----------------------------------
KERC414     47     70     23   1.89    KERC390     124   144     20   1.15
-----------------------------------    -----------------------------------
including   55     56      1   22.8    KERC391     139   146      7   0.99
-----------------------------------    -----------------------------------
KERC414     81     92     11   0.56    KERC391     156   177     21   0.59
-----------------------------------    -----------------------------------
KERC415     94    107     13   0.52
-----------------------------------    -----------------------------------

/T/

President and CEO Dan McCoy states: "The results further indicate that we are likely to see a significant expansion of the resource to the north as well to the south. We are very pleased with the excellent continuity of mineralization and the higher grades that we are seeing both within the 43-101 resource as well as in the step out drilling."

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. Drill core is HQ width and is split logged and sampled on site. All core and RC samples are assayed 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. Repeatability in duplicate samples is generally within 10% variance. In instances where variance is greater than 10%, the assays from both samples are averaged. 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 5 g/t Au X meter grade-thickness are not reported. Mineralization in each zone strikes from approximately 10 to 30 degrees east of north and dips 45 to 90 degrees to the west. Drill holes are oriented at 90 to 110 degrees azimuth (270 in holes targeting the vertically dipping B-1 structure and are inclined at 45 to 60 degrees, so true widths are estimated to be over 70% 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 at www.keeganresources.com.

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 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.

To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/KGN0709.pdf
Keegan Resources Inc. Dan McCoy, Ph.D. President & CEO (604) 683-8193 or Keegan Resources Inc. Investor Relations (604) 683-8193 (604) 683-8194 (FAX) Email: info@keeganresources.com Website: www.keeganresources.com