Holding(s) in Company

Pan Andean Resources PLC
08 May 2008





Pan Andean Resources Plc announces that it was informed today that Thomas and
Philomena O'Gorman purchased 1,015,000 ordinary shares and are now beneficially
interested in 6,000,000 ordinary shares in the Company, representing 5.03 per
cent. of the issued share capital and of the voting rights.




Contacts:

Pan Andean
David Horgan, Managing                   + 353 87 292 3500
Director
John Teeling, Chairman                   + 353 1 833 2833

College Hill
Paddy Blewer                             [phone]
Nick Elwes

Blue Oar Securities Plc
John Wakefield                           [phone]
Simon Moynagh


www.panandeanresources.com




   Directors: John Teeling, Chairman, David Horgan, Managing, Guy Delbes (FR), 
               Stefano Borghi (ITL), Jim Finn, Company Secretary

            Registered Office: 162 Clontarf Road, Dublin 3, Ireland










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