Gold Exploration in West Africa

[FL]

Keegan (KGN.V) anomalies in Asumura, Yamfo-Sefwi, Ghana

Thu Mar 2, 2006
IP Continues to Confirm Robust Drill Targets at Asumura Gold Project

Vancouver, March 2, 2006: Keegan is pleased to announce that it has completed an IP survey at the Twiapasi anomaly and discovered strong chargeability and resistivity anomalies coincident with the soil and trench results. The anomalies are at least 600 meters long and are open (and strongest) on the north side. The anomalies trend directly beneath the Keegan trench where a very sharp break in resistivity indicates a strong fault, which is coincident with a strong chargeability anomaly, almost certain indication of high sulfides associated with the fault beneath oxidation. As previously reported, this trench contains a saprolite/bedrock intercept of 6 metres @ 4.6 g/t Au associated with a 107 ppb Au-in-soil anomaly. Please visit www.keeganresources.com for supporting maps and sections.

The Tiwipasi anomaly is similar in size, strength and gold coincidence to the Wagyakrom anomaly, where Keegan is currently drilling. The Wagyakrom anomaly is mostly underneath a topographic low and bedrock is inaccessible for trenching whereas the Tiwipasi anomaly has had successful trenching results to date which now have not only confirmed soil anomalies but were further confirmed with an IP anomaly.

The Asumura concession comprises a 210 square kilometer area within the highly prospective Sefwi greenstone belt and in addition to the current drilling program; the company continues to conduct geochemical and geophysical surveys in order to efficiently target additional areas for drilling. Vincent Dzakpasu, a qualified member of the Institute of Mining and Metallurgy in the United Kingdom is Keegan's QP on the property and has reviewed this release.

Dan McCoy, president and CEO of Keegan Resources states: "The IP anomalies give us strong indication that the gold mineralization we intercepted in the trench could continue at depth and along strike. We will be drilling this anomaly during the course of our current drill program. We are thrilled to now have two separate kilometer scale coincident gold and geophysical anomalies to drill during this program."

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 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

For more information please visit the company website at http://www.keeganresources.com or contact investor relations at 604-683-8193 or [e-mail].

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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File: http://www.keeganresources.com/i/News/NR_Mar2_06.pdf