Director/PDMR Shareholding

Pan Andean Resources PLC
07 December 2006

Pan Andean Resources Plc is pleased to confirm that at a board meeting of the
directors held on 6 December 2006 the Company has granted the following options
to its directors over ordinary shares each of which are exercisable at 10p per
share over a period of seven years:


John Teeling                                         150,000
David Horgan                                         150,000
Ivan Sandrea                                         150,000
James Finn                                           150,000




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