Result of AGM

15 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                               

                       Results of Annual General Meeting                       

The Board of Directors of the Company announces that all resolutions proposed
to the shareholders at the Annual General Meeting of the Company held today
were passed, with the exception of Resolution 7 which was a Special Resolution
to disapply statutory pre-emption rights.

It is the intention of the Company to propose a revised resolution at a
shareholders' meeting at an appropriate time.

At the Annual General Meeting, shareholders approved the payment of a final
dividend of 0.3723p per share, the salient dates of which are as follows:-

                                                                         2010
                                                                             
Currency conversion date                                  Monday, 15 November
                                                                             
Last date to trade on the JSE                             Friday, 26 November
                                                                             
Ex-Dividend date on the JSE                               Monday, 29 November
                                                                             
Ex-Dividend date on the LSE                             Wednesday, 1 December
                                                                             
Record date                                                Friday, 3 December
                                                                             
Payment date                                              Friday, 10 December

                                     ENDS                                      

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

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