PAN - Pan African Resources plc - Cautionary announcement

PAN - Pan African Resources plc - 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`)                                                
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that Pan African has entered into                      
negotiations, which if successfully concluded may have a material               
effect on the price of the securities of the companies.  Accordingly,           
shareholders are advised to exercise caution when dealing in the                
Company`s securities, until a full announcement has been made.                  
Rosebank                                                                        
17 November 2010                                                                
JSE Sponsor                                                                     
Macquarie First South Capital (Pty) Limited                                     
Enquiries                                                                       
South Africa                    UK                                              
Pan African Resources           RBC Capital Markets                             
Jan Nelson, Chief Executive     Martin Eales / James                            
Officer                         Kelly                                           
+27 (0) 11 243 2900             +44 (0) 20 7029 7881                            
                                                                                
Macquarie First South Capital   St James`s Corporate                            
(Pty) Limited                   Services Limited                                
Melanie de Nysschen / Annerie   Phil Dexter                                     
Britz /                         +44 (0) 20 7499 3916                            
Yvette Labuschagne                                                              
+27 (0) 11 583 2000             Gable Communications                            
Justine James                                    

                               +44 (0) 20 7193 7463                             
                                                                                
                                                                                
For further information on Pan African, please visit the website at             
www.panafricanresources.com                                                     
Date: 17/11/2011 14:00:02 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.