PAN - Pan African Resources Plc - Issue of Equity

PAN - Pan African Resources Plc - Issue of Equity                               
Pan African Resources Plc                                                       
("Pan African" or the "Company")                                                
(Incorporated and registered in England and Wales under Companies Act 1985 with 
registration number 3937466 on 25 February 2000)                                
Share code on AIM: PAF                                                          
Share code on JSE: PAN                                                          
ISIN: GB0004300496                                                              
Issue of Equity                                                                 
Pan African announces that as a result of an exercise of share options, the     
Company has today issued 5,000,000 ordinary shares of 1p each (`Shares`) at a   
price of 2p per Share.                                                          
Application has been made to the AIM Market of the London Stock Exchange (`AIM`)
and the Alternative Exchange of the JSE Limited (`Altx`) for 5,000,000 Shares to
be admitted to trading on AIM and listed on Altx (`Admission`). Admission is    
expected to occur on 25 April 2008.                                             
ENDS                                                                            
Enquiries:                                                                      
Pan African        Ambrian Partners     Macquarie First      St James`s         
Resources          Limited              South Corporate      Corporate          
                                       Finance  (Pty)       Services Limited    
                                       Limited                                  
Jan Nelson, CEO    Richard Brown        Amanda Markman       Phil Dexter        
+27 (0) 11 777     +44 (0) 20 7634      +27 (0) 11 343 2307  +44 (0) 20 7499    
7840               4709                                      3916               
Keith Spencer,     Richard Greenfield   Annerie Britz        FDBeachhead        
Chairman           +44 (0) 20 7634      +27 (0) 11 343 2328  Media & Investor   
+27 (0) 11 880     4710                                      Relations          
3155                                                                            
Nicole Stoyell                                               Jennifer Cohen     
Public Relations                                             +27 (0) 11 214     
+27 (0) 11 777                                               2401               
7840                                                                            
                                                            Louise Brugman      
                                                            +27 (0) 11 214      
2415                

For further information on Pan African Resources plc, please visit the website  
at www.panafricanresources.com                                                  
Date: 21/04/2008 15:38:01 Supplied by www.sharenet.co.za                     
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