Company Information for Pan African Resources PLC

AIM-PAF

http://www.panafricanresources.com

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AIM; PAF

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Company Statement

Pan African is a gold mining, exploration and development company focused on the African continent. Pan African has developed a prospective portfolio of exploration assets that provide a balance between a project with near-term production potential (Manica gold project, Mozambique), two projects that provide a large ground holding in a previously unexplored region with the potential to develop into a major new gold camp (Bogoin and Dekoa gold projects, Central African Republic) and a 90% interest in the Akrokerri property in Ghana.

The Barberton Acquisition immediately provides the Company with a production base and cash flow to aid the financing of its ongoing exploration activities. It also provides an additional advanced exploration project at Barberton.

Pan African is dedicated to sustainable development and adhering to environmental standards. The Company believes in direct foreign investment as a key form of social development in African countries.

Our partnerships with Pangea Exploration (Pty) Ltd, Metorex Limited and the Shanduka Group provide the company with not only a competitive advantage moving forward, but also access to additional project, corporate finance and entrepreneurial skills.

Current Operations

Manica gold project - Mozambique:
The Company is planning the following exploration and consulting work to be completed on the Manica exploration project during the course of the next 24 months:

A 3,000m diamond core drilling programme for additional data to improve confidence in the upper 200m of the Fair Bride ore body (currently in progress).
A 2,000m diamond core RC drilling programme for additional data to improve confidence in the lower 200m of the Fair Bride ore body. This is planned to start in April 2007. Drill holes will also be sited below the Dot’s Luck historical workings and along the strike of the Andrade Shear Zone. Four diamond drill holes are also planned to drill the depth extensions of the Guy Fawkes exploration project.
3,000m of RC drilling is planned to test the remainder of the anomalies indicated by the results of the geophysical and geochemical surveys and the detailed geological mapping within the Manica licence area.
Additional geophysical and geochemical surveys are planned to cover areas on structural strike, which were not included during past surveys.
A pre-feasibility level study of the Fair Bride and Dot’s Luck ore bodies is planned to be completed in June 2007.
A bankable feasibility study is planned to be completed in July 2008.

Pan African has incorporated the exploration work programme into its strategic planning for 2007 and 2008 and plans to allocate approximately $1.4 million to expedite the planned exploration programme.

Bogoin gold project - Central African Republic: gold mineralization is hosted within shear-zones within a greenstone belt that forms part of the same craton which hosts the Kilo-Moto gold camp in the DRC which has produced more than 10 million ounces of gold. The first pahse of the exploration program has been completed and a significant soil geochem anomaly identified exceeding 5km in strike-length. Some of the best intercepts from historical holes drilled within the identified anomaly yielded values of 17.38g/t over 19m, 5.05g/t over 20m and 3.9g/t over 18m. Gold has also previously been mined from a now abandoned open-pit. Only 20km of the total 80km of mapped geological structure with mineralized potential has been explored. The project is a joint venture with International Mining Investments (Pan African and IMI each holding a 45% contributory stake) and a local partner, Goldiam SARL holding a 10% free carry.

Barberton Mines Gold Mining Project, South Africa
Barberton Mines is situated in the Mpumalanga province of South Africa, approximately 370km east of Johannesburg and 47km south-west of Nelspruit. Barberton comprises of three operating gold mines, Fairview, Sheba and New Consort. The Sheba Mine has been operational since 1886, and is the first gold mine in South Africa. Through the acquisition of Barberton Mines, Pan African Resources has gained access to the first BIOX plant in the world. BIOX was developed at Fairview and has remained the training facility for all subsequent BIOX plants in the world. The team at Barberton Mines brings an enormous amount of experience and expertise in mine management, metallurgy and entrepreneurship into the Pan African fold, and in return Pan African will be able to fully explore the surrounding areas for possible orebodies. An exploration project of US$2 million will be rolled out in the licence areas over the next two years.

Pan African Resources recently acquired a 74% stake in Barberton Mines, which comprises of three gold mines; Fair View, Sheba and New Consort. These mines are the oldest in South Africa, with Sheba dating back to 1886.

Dekoa gold project, Central African Republic
The Dekoa exploration project is situated in the west central portion of the Central African Republic approximately 330km from the capital city Bangui. The Dekoa exploration project is an elongate area with a north westerly south easterly orientation. The Dekoa exploration project is located between latitude 6°18’ north and 7°08’ north and longitude 18°03’ east to 19°23’ east.

The Dekoa exploration project area is accessed via two main routes. Access to the northern and central part of the licence area is from the west by a 74km tar road to Damara and then by 265km laterite road via the settlements of Bogangolo, Bouca, Bozoro and Boufoyo. Access to the southern part of the Dekoa exploration project area is from the southeast by a 110km tar road to Sibut and then a 210km laterite road via the settlements of Dekoa and Daya.

Akrokerri Exploration Project, Ghana
The Akrokerri exploration licence area lies ten kilometres north-east of the Anglo Gold Ashanti mine in Obuasi.

It covers an area of twenty six square kilometres and has five defined exploration targets.

A historical mine is located at the southern end of the exploration licence within the small town of Akrokerri. The mine operated from two shafts on five levels and exploited a quartz vein averaging 1.5 metres wide at an average grade of 24.6 g/t between 1905-1909.

A strong gold in soil anomaly extends from the historical mine area north eastwards to the recently exploited Homase pit which lies immediately north of the Akrokerri concession.

Geographical Spread

Africa

Board of Directors and Key Management

Keith Cousens Spencer	Executive Chairman
Jan Nelson	Chief Executive Offier
Nathan Steinberg	Chief Financial Officer
Rob Still	Non-Executive
Hennie Blignault	Non-Executive
Simon Malone	Non-Executive
Charles Needham	Non-Executive

Company Address

Viewpoint House, Cnr. Main Street & Orchard Avenue, Bordeaux
Randburg, South Africa 2125


Telephone:	+27 11 777 7840
Facsimile:	+27 11 777 7843
Email:	nicole[at]paf.co.za
Website:	http://www.panafricanresources.com

Additional Address/Key Contact

Postal Address:
PO Box 2768
Pinegowrie
2123

Registered Office:
Manfield House
2nd Floor
1 Southampton Street
London
WC2R 0LR

Capital

Number of existing Ordinary Shares (undiluted); 1, 071, 743, 711

Annual General Meeting

July

Year End

30 June

Nominated Brokers

Ambrian Partners Limited (c/o: Richard Brown)
8 Angel Court
London, EC2R 7HP
United Kingdom

Tel: + 44 (0) 20 7776 6461
Fax: + 44 (0) 20 7776 6470
Email: richard.brown@ambrian.com
Web: www.ambrian.com

Nominated Advisors

Ambrian Partners Limited

Broker/Analyst Reports

11/03/07 - Pan African A Golden Transformation

Major Shareholders

Investec Corp Broking	55,4%
Brait S.A.	6,4%
Imara S.P. Reid (Pty) Ltd	6,0%
Pangea Exploration (Pty) Ltd	1%

Most Recent Statement

02/07/08 - Change of Nominated Adviser and Broker
11/06/08 - Company Update on Production & Exploration Results
27/11/07 - Bogoin Gold Project, Central African Republic: Drilling Update
19/11/07 - Drilling Update - Manica Project
29/10/07 - Corporate Presentation
21/09/07 - Corporate Presentation

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