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Keegan Resources Positive Pre-Feasibility Study and First Mineral Reserve Statement Conference Call

Thursday, September 22nd, 2011 at 8amPT/11amET

Shawn Wallace, Executive Chairman

Keegan Resources Inc. is a well-financed junior gold company run by a proven successful management team, with two premier gold assets in Ghana, West Africa. Keegan's flagship property, the Esaase gold deposit has become a world class as confirmed by the latest resource update performed in December, 2010. The updated resource calculation indicates a 3.230 million ounce indicated and 1.680 million ounce inferred resource averaging 1.2 g/t and 1.0 g/t Au respectively; at a cutoff grade of 0.4 g/t Au (43-101 technical report). Development studies are underway that will enable the project to be brought quickly to production stage at the same time that ongoing surface exploration continues to successfully define exciting new targets. Keegan's second project, the Asumura gold property, is located along one of Ghana's largest and most productive gold structures. Keegan has had previous success in drilling the property, including a reconnaissance drill intercept of 14 meters of 4.5 g/t gold drilled in 2008. In addition to follow-up on this intercept, Keegan is drilling several other targets defined by geophysics and auger drilling.

For more info please visit the company website at www.keeganresources.com

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