Additional Listing

Pan Andean Resources PLC
12 November 2004

Pan Andean Resources plc announces that it has applied to have an additional
50,000 ordinary shares of 1p each listed on the Alternative Investment Market,
pursuant to the exercise of options.  Admission is expected to take place on
Thursday 18 November 2004.


                      This information is provided by RNS
            The company news service from the London Stock Exchange