PAN - Pan African Resources plc - Change of Adviser

PAN - Pan African Resources plc - Change of Adviser                             
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 /  JSE: PAN                                              
ISIN: GB0004300496                                                              
(`Pan African` or ` the Company`)                                               
5 April 2012                                                                    
Change of Adviser                                                               
The Board of Pan African, the Africa focussed precious metals producer, is      
pleased to announce the appointment of Canaccord Genuity Limited as Nominated   
Adviser and Joint Broker and finnCap Ltd. as Joint Broker to the Company with   
immediate effect.                                                               
For further information on Pan African, please visit the website at             
www.panafricanresources.com.                                                    
Enquiries                                                                       
                                                                                
South Africa                       UK                                           
Pan African Resources              Canaccord Genuity Limited - Nomad and        
Jan Nelson, Chief Executive        Joint Broker                                 
Officer                            John Prior / Sebastian Jones / Joe           
+27 (0) 11 243 2900                Weaving                                      
                                  +44 (0)20 7523 8350                           


One Capital - JSE Sponsor          finnCap Ltd - Joint Broker                   
Sholto Simpson / Megan Young /     Elizabeth Johnson / Joanna Weaving           
Nicholas Tyler                     +44 (0) 20 7220 0500                         
+27 (0) 11 550 5000                                                             
Vestor Investor Relations          St James`s Corporate Services Limited        
Louise Brugman                     Phil Dexter                                  
+27 (0) 11 787 3015                +44 (0) 20 7499 3916                         


                                  Gable Communications                          
                                  Justine James                                 
                                  +44 (0) 20 7193 7463 / +44(0) 7525            
324431                                        

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