CAR Project Update

Pan African Resources PLC
06 March 2006

6th March 2006


                           Pan African Resources PLC
                        ('Pan African' or 'the Company')

                    Project Progress Update: Bogoin Project,
                            Central African Republic


Pan African Resources PLC (AIM:PAF), the African based gold exploration company,
announces the completion of the third phase of regional geochemical sampling and
an increase in the total strike-length of the original soil geochemical anomaly
from 7km to 12km in the Bogoin Project ('the Project'), Central African Republic
(CAR).

The project is covered by an exclusive exploration license and is a joint
venture between Pan African (45% contributory stake), International Mining
Investments (IMI, 45% contributory stake) and Goldiam SARL (10% free carry).

'We are currently focusing our efforts on infill sampling within a 4km zone we
feel could be the most prospective. We will also be conducting a ground magnetic
survey which, in conjunction with the infill soil sampling, will allow us to
identify drilling targets that we plan to test before the year-end' commented
Jan Nelson, CEO of Pan African.


                                    - ENDS -


Enquiries:

Pan African Resources   Ambrian Partners       Parkgreen Communications
Jan Nelson, CEO         Richard Brown          Justine Howarth / Victoria Thomas
[phone]         [phone]   [phone]
[phone]
Colin Bird
[phone]



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