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Pan African Resource (PAF)

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Thursday 30 August, 2007

Pan African Resource

Issue of Shares

Pan African Resources PLC
30 August 2007

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

                                Issue of Shares

The Directors of Pan African today announce that the Company has issued and
allotted 1,250,000 ordinary shares of 1p each ('Shares') pursuant to an exercise
of share options.

Application has now been made to the AIM Market of the London Stock Exchange
('AIM') for 1,250,000 Shares to be admitted to trading on AIM ('Admission').
Admission is expected to occur at 8.00am on 31 August 2007.

Pan African now has 1,072,993,711 Shares in issue representing 1,072,993,711
voting rights.

For further information please contact:

Pan African Resources   Ambrian Partners Limited    Parkgreen Communications
Jan Nelson, CEO         Richard Brown               Justine Howarth
+27 (0) 11 777 7840     +44 (0) 20 7776 6417        +44 (0) 207 851 7480

Nathan Steinberg        Richard Greenfield
+44 (0) 20 7845 7500    +44 (0) 20 7776 6418

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