Statement re Revolving Credit Facility

3 May 2011                                                                 

                           Pan African Resources plc                           

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

                            Share code on AIM: PAF                             

                            Share code on JSE: PAN                             

                              ISIN: GB0004300496                               

                (`Pan African' or the `Company' or the "Group")                

BARBERTON MINES SECURES REVOLVING CREDIT FACILITY        

Shareholders are advised that the Company's operating subsidiary, Barberton
Mines (Proprietary) Limited ("Barberton Mines"), has secured final credit
approval for a three year revolving credit facility in the amount of R150
million from Nedbank Limited ("Facility").

This Facility provides the Group with immediate capacity for working capital
purposes and general finance requirements, which would include funding of
organic growth at Barberton Mines and within the Group. The Facility is
co-guaranteed by Pan African and its wholly-owned subsidiary Phoenix Platinum
Mining (Proprietary) Limited, and does not require any form of hedging as a
condition.

Jan Nelson, Pan African's Chief Executive Officer, commented: "The Pan African
Group continues to be unhedged and debt free, with cash on hand of R150m at the
date of this announcement.  The new revolving credit facility from Nedbank
Limited does however provide an efficient funding mechanism to take advantage
of organic growth opportunities at Barberton Mines. It also demonstrates the
confidence of funders in the long-term sustainability of the mine. In this
regard, a feasibility study is currently being completed on treating the
Bramber tailings dam, which if viable could increase the annual production of
the mine by 20koz. A separate treatment plant will have to be constructed to
treat the additional production stream, and this may be funded from the
Facility".

                                     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                    
                                                                          
[phone]                       [phone]            
                                                                          
Pan African                               St James's Corporate Services   
                                          Limited                         
Nicole Spruijt                                                            
                                          Phil Dexter                     
[phone]                                                       
                                          [phone]            
                                                                          
Macquarie First South Advisers (Pty) Ltd  Gable Communications            
                                                                          
Melanie de Nysschen / Yvette Labuschagne  Justine James                   
/ Annerie Britz                                                           
                                          [phone]            
[phone]                                                       
                                           [phone]