Statement re Phoenix Platinum Project

29 November 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                 

                               AIM: PAF/JSE: PAN                               

                              ISIN: GB0004300496                               

INVESTOR AND ANALYST CONFERENCE CALL ON PHOENIX PLATINUM PROJECT

Shareholders are advised that Jan Nelson (Chief Executive Officer) and Ron
Holding (Executive for Mining) of Pan African will be hosting a conference call
to update analysts and fund managers on the Phoenix platinum project. The call
is scheduled for Tuesday, 30 November 2010 at 11h00 Central African time (09h00
UK time).

Live dial-in details:

South Africa: 0800200648

United Kingdom: 08009177042

Playback dial-in details:

South Africa: 0113052030 (Pin: 29992#)

United Kingdom: 08082346771 (Pin: 29992#)

Presentation material used in the conference call will be made available on the
Company's website at www.panafricanresources.com

Enquiries

South Africa                               UK                                
                                                                             
Pan African                                RBC Capital Markets               
                                                                             
Jan Nelson, Chief Executive Officer        Martin Eales / Brett Jacobs       
                                                                             
[phone]                        [phone]              
                                                                             
Macquarie First South Advisers (Pty) Ltd   St James's Corporate Services     
                                           Limited                           
Melanie de Nysschen / Yvette Labuschagne /                                   
Annerie Britz                              Phil Dexter                       
                                                                             
[phone]                        [phone]              
                                                                             
Vestor Media & Investor Relations          Hansard Communications            
                                                                             
Louise Brugman                             Justine James                     
                                                                             
[phone]                        [phone] / +44 (0)    
                                           7525 324431