Barberton Update

Pan African Resources PLC
26 June 2007


26 June 2007


                           Pan African Resources plc

                        ('Pan African' or 'the Company')


                        Update on Barberton Transaction


Pan African Resources plc (AIM: PAF), the African based exploration company,
announces that it has obtained South African Reserve Bank ('SARB') approval for
the proposed Barberton acquisition.


Highlights:


   •SARB approval a major step forward in completing the Barberton
    Acquisition

   •Documentation for shareholder approval to be issued during the first half
    of July


The Company is pleased to announce that South African Reserve Bank approval has
been obtained for the proposed acquisition of Barberton Mines Limited, announced
on 20 December 2006. All material conditions to the successful completion of the
Barberton transaction have now been fulfilled except for Johannesburg Stock
Exchange ('JSE') and Shareholder approvals. The Company is expected to submit
documentation for final JSE approval in the next week. Once approval is received
from the JSE the Company will post documentation which will fully describe the
transaction to shareholders, with a notice convening an extraordinary general
meeting. The Company expects to post this documentation during the first half of
July and it is expected that trading in the Company's shares on AIM will
re-commence with the issue of the documentation.


Jan Nelson, CEO of Pan African, said: 'We are delighted with the announcement
from SARB. We are now looking forward to our re-admission onto AIM and
subsequent secondary listing onto AltX. This is the springboard of almost a
year's work and will significantly enhance shareholder value in the Company as
well as strategically position Pan African for further growth opportunities.'



                                      ENDS

Enquiries

Pan African Resources                       Ambrian Partners

Jan Nelson / CEO                            Richard Brown / NOMAD

[phone]                          [phone]


Colin Bird / Chairman

+ 44 (0) 207 584 2144


Parkgreen Communications - United Kingdom

Justine Howarth/Clare Irvine

[phone]


FD Beachhead - South Africa

Jennifer Cohen/Louise Brugman

[phone] / + 27 (0) 83 504 1186











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