Statement re New Order Mining Rights

Regulatory Announcement                                                        
                                                                               
Company                           Pan African Resources plc                    
                                                                               
TIDM                              PAF                                          
                                                                               
Headline                          New order mining rights approved             
                                                                               
Released                          23 April 2010                                

                           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)                 

                            Share code on AIM: PAF                             

                            Share code on JSE: PAN                             

                              ISIN: GB0004300496                               

           New order mining rights approved and granted to Barberton           

Pan African is pleased to announce that the Department of Mineral Resources
("DMR") has approved and granted the conversion of its old order mining rights
in respect of Barberton Mines (Pty) Limited ("Barberton Mines") into new order
mining rights ("NOMR").

In terms of the South African Mineral and Petroleum Resources Development Act,
2002 ("MPRDA") all mining licences issued prior to the MPRDA coming into effect
on 1 April 2004 are described as old order mining rights. Holders of such
rights were required to have applied to the DMR for the conversion of the old
order mining rights into NOMR within five years of the MPRDA coming into
effect.

Barberton's NOMR relate to the mining licences in respect of Fairview Mine (old
order mining licence 28/2003), New Consort Mine (old order mining licence 30/
2003) and Sheba Mine (old order mining licence 29/2003). These licences
combined comprise the Barberton mining operation.

Jan Nelson, Chief Executive Officer of Pan African welcomed the DMR's approval,
and commented, "The granting of new order mining rights creates long term
stability for our business and demonstrates that South Africa remains an
attractive place to conduct mining business."

                                     ENDS                                      

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

Enquiries:                                                                     
                                                                               
Pan African Resources                                                          
                                                                               
Jan Nelson, Chief Executive Officer                                            
                                                                               
[phone]                                                            
                                                                               
Nicole Spruijt, Public Relations                                               
                                                                               
[phone]                                                            
                                                                               
RBC Capital Markets                                                            
                                                                               
Martin Eales / Brett Jacobs                                                    
                                                                               
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Macquarie First South Advisers (Pty) Limited                                   
                                                                               
Melanie de Nysschen / Thembeka Mgoduso                                         
                                                                               
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St James's Corporate Services Limited                                          
                                                                               
Phil Dexter                                                                    
                                                                               
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