Response to media reports re Navachab Mine disp...

Pan African Resources PLC                           

                       (`Pan African' or the `Company')                        

Incorporated and registered in England and Wales under Companies Act 1985 with 

                 registered number 3937466 on 25 February 2000                 

                               AIM: PAF/JSE: PAN                               

                              ISIN: GB0004300496                               

RESPONSE TO MEDIA REPORTS REGARDING PAN AFRICAN'S PARTICIPATION IN THE NAVACHAB
MINE DISPOSAL PROCESS

Pan African shareholders ("Shareholders") are advised that certain reports have
been published in the media regarding Pan African's participation in the
disposal process by AngloGold Ashanti Limited of its Navachab mine. There can
be no certainty that such participation will result in any transaction relating
to Navachab.

In light of the above, Shareholders are advised that Pan African is not at a
stage in any negotiations for any asset or venture which would necessitate
exercising caution when trading in the Company's securities. Announcements in
this regard will be published if appropriate.

Rosebank

18 October 2013

Sponsor: One Capital

Enquiries                                                                     
                                                                              
South Africa                                       UK                                                               
                                                                                                                   
Pan African Resources                              Canaccord Genuity Limited - Nomad and Joint Broker 
Mr Ron Holding                                     Andrew Chubb / Peter Stewart / Joe Weaving          
Chief Executive Officer                            [phone]                           
[phone]                                                           
                                                                              
Mr Cobus Loots                                                                
Finance Director                                                              
[phone]                                                           
                                                                              
One Capital                                        finnCap Limited - Joint Broker                           
Sholto Simpson / Liezl Gildenhuys                  Elizabeth Johnson / Joanna Weaving                            
[phone]                                [phone]                        
                                                                              
Vestor Investor Relations                          St James's Corporate Services Limited 
Louise Brugman                                     Phil Dexter                           
[phone]                                [phone]                          
[phone]                                                               
                                                                              
                                                   Gable Communications        
                                                   Justine James                          
                                                   [phone] / [phone]
                                                                              
For further information on Pan African, please visit the website at           
www.panafricanresources.com