Change of Adviser

Pan African Resources PLC
22 December 2005

22 December 2005

                            Pan African Resources plc
                   ('Pan African Resources' or 'The Company')

                     Change of nominated adviser and broker

Pan African Resources PLC (AIM: PAF) the African based gold exploration company
is pleased to announce that it has appointed Ambrian Partners as its nominated
adviser and broker with immediate effect.

Ends


Pan African Resources       Ambrian Partners         Parkgreen Communications
Jan Nelson, CEO             Richard Brown /          Justine Howarth /
[phone]             Emma Priestley           Victoria Thomas
Colin Bird, Chairman        [phone]     [phone]
[phone]


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