Listing of Manica as a Separate Entity

19 August 2011

                           Pan African Resources PLC                           

                (`Pan African' or the `Company' or the `Group')                

Incorporated and registered in England and Wales under Companies Act 1985 with 
              the registered number: 3937466 on 25 February 2000               

                            Share Code on AIM: PAF                             

                            Share code on JSE: PAN                             

                              ISIN: GB0004300496                               

  Listing of Manica as a Separate Entity to Unlock Optimal Shareholder Value   

On 22 June 2011, Pan African announced that it was exploring optimal ways to
bring its Manica gold project located in Mozambique ("Manica Project") to
account. The Company advises that a process to list its Manica Project as a
separate entity on an appropriate international exchange ("Separate Listing"),
has now commenced.

Pan African believes that the Separate Listing will allow it to focus its
capital and human resources on pursuing organic growth opportunities around the
Company's mining operations in South Africa. At the same time, a separate
management team, which has been appointed by the Company, will have the
financial flexibility and focus to grow the Manica Project. Pan African intends
to retain an equity stake in the new listed entity.

The Company made a presentation in respect of the Separate Listing to the
Mozambican Minister of Mines in Maputo yesterday, 18 August 2011, which
presentation is available for download from the Company's website hosted at
www.panafricanresources.com

Pan African believes that the Separate Listing will unlock optimal value for
its shareholders, and it will advise of progress made in respect of this
process in due course.

Enquiries:

South Africa                           UK                                    
                                                                             
Pan African                            RBC Capital Markets                   
                                                                             
Jan Nelson, Chief Executive Officer    Martin Eales                          
                                                                             
[phone]                    [phone]                  
                                                                             
Pan African                            St James's Corporate Services Limited 
                                                                             
Nicole Spruijt, Public Relations       Phil Dexter                           
                                                                             
[phone]                    [phone]                  
                                                                             
Macquarie First South Capital (Pty)    Gable Communications                  
Ltd                                                                          
                                       Justine James                         
Annerie Britz/ Melanie de Nysschen/                                          
Yvette Labuschagne                     [phone]                   
                                                                             
[phone]                                                          

ENDS