PAN - Pan African - Renewal Of Cautionary Announcement

PAN - Pan African - Renewal Of Cautionary Announcement                          
Pan African Resources plc                                                       
(Incorporated and registered in England and Wales under Companies Act 1985 with 
registered number 3937466 on 25 February 2000)                                  
Share code on AIM: PAF                                                          
Share code on JSE: PAN                                                          
ISIN: GB0004300496                                                              
(`Pan African` or the `Company`)                                                
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcement released on Thursday, 26 November 2009   
and in terms of the Listings Requirements of JSE Limited, shareholders are      
advised that the discussions in respect of a possible transaction are still in  
progress. If successfully concluded, the outcome of the discussions may have a  
material effect on the price of the company`s securities. Shareholders are      
accordingly advised to continue exercising caution when dealing in the company`s
securities until a full announcement in respect of the possible transaction is  
made.                                                                           
Rosebank                                                                        
7 January 2010                                                                  
JSE Sponsor                                                                     
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED                                    
For further information on Pan African, please visit the website at             
www.panafricanresources.com                                                     
ENQUIRIES                                                                       
Pan African Resources                                                           
Jan Nelson (CEO)                       +27 (0) 11 243 2900                      
Nicole Spruijt (Public Relations)      +27 (0) 11 243 2900                      


RBC Capital Markets                                                             
Martin Eales                           +44 (0) 20 7029 7881                     
                                                                                
Macquarie First South Advisers                                                  
Melanie de Nysschen/Thembeka Mgoduso   +27 (0) 11 583 2000                      
                                                                                
St James`s Corporate Services Limited                                           
Phil Dexter                            +44 (0) 20 7499 3916                     
                                                                                
Vestor                                                                          
Louise Brugman                         +27 (0) 83 504 1186                      
Date: 07/01/2010 09:00:01 Supplied by www.sharenet.co.za                     
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