Appointment of CEO & FD

Pan African Resources PLC

(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)

AIM Code: PAF

JSE Code: PAN

ISIN: GB0004300496

("Pan African" or "the Company")

APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER ("CEO") AND FINANCIAL DIRECTOR

Pan African shareholders ("Shareholders") are advised that the Company has
appointed Mr Ron Holding, currently Pan African's Interim Joint CEO, as a
director and its CEO with immediate effect. Mr Holding has been intricately
involved with all Pan African's operations since 2009 as Chief Operating
Officer, until his appointment as Joint Interim CEO in March this year. Mr
Holding commenced his mining career in 1973 with Gencor and has since occupied
a number of senior positions, with exposure to the various stages of developing
and mining mineral deposits. In addition to deep level gold mining, his vast
experience includes the mining of platinum, diamonds and copper.

Shareholders are further advised that Ms Busi Sitole has resigned as the
Financial Director of Pan African with effect from 30 September 2013, in order
to focus on personal commitments. Mr Cobus Loots will assume the role of
Financial Director of the Company from 1 October 2013. Mr Loots, a Pan African
director since 2009, is currently the Managing Director of Shanduka Resources,
which position he will vacate. Mr Loots is a Chartered Accountant (SA) and also
a CFA ® Charterholder. He was also previously the Financial Director of Pan
African.

Keith Spencer, Chairman of Pan African commented: "Ron's in-depth knowledge of
Pan African Resources and its operations makes him the ideal fit. His
experience positions him to effectively further the Company's strategy of being
a low cost, high margin, precious metals producer, particularly in light of our
organic growth plans at Evander and Barberton Mines. Cobus has been a board
member for many years and the contribution of his expertise as Financial
Director will be highly beneficial to Pan African. On behalf of the board, I
would like to thank Busi for her contribution to the Company and we wish her
the best in her future endeavours and the new addition to her family."

Johannesburg

9 September 2013

JSE Sponsor                                                                    
                                                                               
One Capital                                                                    

Enquiries                            UK                                        
                                                                               
South Africa                                                                   
                                                                               
Pan African                          Canaccord Genuity Limited - Nomad and     
                                     Joint Broker                              
Ron Holding, Chief Executive Officer                                           
                                     Andrew Chubb/ Peter Stewart/ Joe Weaving  
[phone]                                                            
                                     [phone]                      
                                                                               
One Capital - Sponsor                finnCap Limited - Joint Broker            
                                                                               
Sholto Simpson / Liezl Geldenhuys    Elizabeth Johnson / Joanna Weaving        
                                                                               
27 (0) 11 550 5000                   [phone]                      
                                                                               
Vestor Investor Relations            St James's Corporate Services Limited     
                                                                               
Louise Brugman                       Phil Dexter                               
                                                                               
[phone]                  [phone]                      
                                                                               
                                     Gable Communications                      
                                                                               
                                     Justine James                             
                                                                               
                                     [phone] / [phone]

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

Mr Ronald Allan Holding (aged 61). Within the last 5 years, Ronald was
previously a Director of the following Fixtrade 429 (Pty) Ltd.

Ronald remains a Director of Sugar Creek Trading 35 (Pty) Ltd and the following
subsidiaries within the Pan African Resources PLC group:

Barberton Mines (Pty) Ltd

Phoenix Platinum Mining (Pty) Ltd

PT Sands (Pty) Ltd

Pan African Resources Funding Company (Pty) Ltd

Evander Gold Mining (Pty) Ltd

Evander Gold Mines Ltd

Evander Stone Holdings (Pty) Ltd

Evander Township Ltd

Evander Township Development Ltd

Clidet 790 (Pty) Ltd

Clidet 791 (Pty) Ltd

Emerald Panther Investments 91 (Pty) Ltd

Save as set out in this announcement, there are no further matters to be
disclosed in accordance with paragraph (g) of Schedule 2 of the AIM Rules for
Companies.