Dealings by an Associate of a Non-executive Dir...

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')

HOLDING IN COMPANY AND DIRECTORS' DEALING

DEALINGS BY AN ASSOCIATE OF AN NON-EXECUTIVE DIRECTOR

The Company was notified on Friday 28 and Monday 31 October 2011 that Pangea
Exploration (Pty) Ltd ("Pangea"), a private company of which Mr Rob Still is a
director, had sold the following ordinary shares of 1 pence each in the Company
(`Shares') at the following prices:

277,863 Shares at R1.7056 per share

322,137 Shares at R1.7131 per share

45,708 Shares at R1.72 per share

54,292 Shares at R1.70 per share

The above shares were sold by Pangea in order to provide funding for other
potential projects.

Following the above on market transactions Pangea holds 3,624,408 Shares,
representing 0.25% of the issued capital of the Company. Mr Still's total
direct, beneficial interest in Pan African remains unchanged at 2,000,000
Shares, representing 0.14% of the issued share capital of the Company as well
as his total indirect, non-beneficial interest of 16,055,308 Shares
representing 1.12% of the issued share capital of the Company.

Mr Still did not receive any direct or indirect benefit from the above
transactions.

Rosebank

1 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                    
                                                          
[phone]              [phone]     
                                                          
Macquarie First South Capital    St James's Corporate     
(Pty) Limited                    Services Limited         
                                                          
Melanie de Nysschen / Annerie    Phil Dexter              
Britz /                                                   
Yvette Labuschagne               [phone]     
                                                          
[phone]              Gable Communications     
                                                          
                                 Justine James            
                                                          
                                 [phone]     
                                                          

For further information on Pan African, please visit the website at 
www.panafricanresources.com