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Pan African Resource (PAF)

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Thursday 10 November, 2005

Pan African Resource

CAR Project Update

Pan African Resources PLC
10 November 2005

For Immediate Release

10 November 2005

                           Pan African Resources PLC

                        ('Pan African' or 'the Company')

            Project Update: Bogoin Project, Central African Republic

Pan African Resources PLC (AIM: PAF) the African based gold exploration company,
announces the results of the first phase of regional geochemical sampling in the
Bogoin Project ('the Project') , Central African Republic (CAR).

  • A regional gold soil geochemical anomaly with a strike extent in excess of
    5km has been identified on the Bogoin Project.
  • This first phase of the programme was successfully completed ahead of
    planned schedule.
  • The second phase of the exploration programme to further define the extent
    and quality of the Project is already well underway and will focus on infill
    geochemical line sampling and extending the current soil sampling grid to
    test for parallel gold anomalous zones.

A regional soil sampling programme covering an area of approximately 20km in
strike-length with an 800m line spacing was completed on part of the Bogoin
Project.  The Project is covered by an exclusive exploration license and is a
joint venture between Pan African, International Mining Investments (IMI) and
Goldiam SARL.

The results from this first phase of the regional exploration programme have
identified a significant gold anomaly, exceeding 5km in strike-length.  This is
significant as it could indicate the potential for a large gold deposit.

The second phase of the exploration programme on the Project will focus on
infill geochemical line sampling.  This will be combined with the extension of
current soil geochemical sampling grid to test for anomalous gold occurrences
parallel to the current identified anomaly.

'This anomaly, despite being a regional reconnaissance or first pass exploration
tool, indicates that we are focusing our exploration efforts in the right place.
  We have successfully completed the first phase of our exploration program
ahead of our planned schedule and work is underway on the second phase.  Pan
African and its partners will be aggressively directing this phase of the
exploration and look forward to reporting on these results in the new year,'
commented Jan Nelson, CEO of Pan African.

                                    - ENDS -


Pan African Resources       Evolution Securities        Parkgreen Communications
Jan Nelson, CEO             Tim Redfern                 Justine Howarth /
+27 11 886 1211             +44 (0)20 7071 4312         Victoria Thomas
Colin Bird                                              +44 (0)20 7493 3713
+44 (0)20 7584 2155

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