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Pan African Resource (PAF)

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Thursday 02 February, 2006

Pan African Resource

Verification of 1Moz Resource

Pan African Resources PLC
02 February 2006


2 February 2006

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

 Independent verification of 1.056 M oz of gold at Manica project - Mozambique


Pan African Resources PLC (AIM : PAF), the African based gold exploration
company, announces that a total indicated and inferred resource of 1.056 M oz of
gold has been independently verified at its Manica project in Mozambique.

Highlights
     
•    A total resource of 1.056 M oz has independently been verified at the
     Manica project.
•    This represents an upgrade of 32% from that announced by the Company.
•    81% of the stated resource falls within the Fair Bride prospect, where the 
     Company is completing a pre-feasibility study to test the viability of an
     open cast mine.

An independent competent person's report (CPR) has been completed by ExplorMine
Gold Consultants and Geologix MRC (Pty) Ltd (two South African based Mineral
Resource & Geological Consultancy firms) that has independently verified an
upgrade of 32% to 1.056 M oz (9.632mt @ 3.41g/t) from the previous resource of
0.8 M oz (5.3mt @ 4.84g/t) published by the Company.  A total of 852,747oz, or
81% of the resource, falls within the Fair Bride prospect where the Company is
in the process of conducting a pre-feasibility study to access the possibility
of an open cast mine. The indicated category represents 466,649oz or 44% of the
total resource. The stated resource represents only 12% of the total explored
mineralised strike- length. Tabulated resource estimates appear below.

Jan Nelson, Chief Executive Officer of Pan African, commented: 'The independent
verification of the Company's 1.056 M oz gold resource at the Manica project,
with 81% of the resource within the Fair Bride prospect confirms we are
focussing our exploration effort in the right place. The Company is currently
compiling the results of the recently completed dipole-dipole geophysical survey
conducted to identify additional potentially mineralised zones in the vicinity
of the Fair Bride prospect.  I look forward to reporting on these results in due
course.'



                           MANICA PROJECT - INDICATED
 Prospect              Category          Tons        Grade (g/t)    Gold (oz)
 Guy Fawkes            Indicated        122,495         7.88         31,048
 Fair Bride            Indicated       4,332,326        3.13         435,601
                                       4,454,821        3.26         466,649


                           MANICA PROJECT - INFERRED
 Prospect              Category          Tons        Grade (g/t)    Gold (oz)
 Guy Fawkes            Inferred         369,071         11.03        130,887
 Fair Bride            Inferred        4,137,584        3.14         417,146
 Dot's Luck            Inferred         463,968         1.71         25,508
 Boa Esperanza         Inferred         207,144         2.51         16,692
                                       5,177,767        3.55         590,234

                        MANICA PROJECT - TOTAL RESOURCE
 All Prospects      Total              9,632,588        3.41        1,056,883


Source: Competent Persons Report for the Manica Assets,Near Manica in
Mozambique, of Pan African Resources PLC prepared by G Gavine & G Mitchell
(2006), page 46.



NOTES TO THE EDITOR
     
•    ExplorMine Gold Consultants (Pty) Ltd is a South African based Resource & 
     Geological Consultancy - the principle directors and geologists of the 
     company are Graham Gavine and Garth Mitchell, who personally oversaw the
     CPR.
•    Geologix MRC is a South African based Resource and Geological Consultancy -  
     Deon van den Heever was responsible for the resource estimate.
•    Both companies' geologists are SACNASP accredited and members in good 
     standing of their respective professional societies.  The resource
     statement is SAMREC compliant and this announcement has been verified by 
     both geologists.
•    SACNASP - South African Council for Natural Scientific Professions.
•    SAMREC - South African Mineral Resource Code (similar to JORC).

ENDS

For further information on Pan African Resources please visit the website at
www.panafricanresources.com. A copy of the CPR will be posted on the website.



Enquiries:

Pan African Resources       Ambrian Partners         Parkgreen Communications
Jan Nelson, CEO             Richard Brown /          Justine Howarth /
+27 11 886 1211             Emma Priestley           Victoria Thomas
Colin Bird, Chairman        +44 (0) 207 776 6400     +44 (0) 20 7493 3713
+44 (0) 20 7584 2155


                      This information is provided by RNS
            The company news service from the London Stock Exchange