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Pan African Resources PLC (PAF)

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Tuesday 27 November, 2007

Pan African Resources PLC

Drilling Update


Regulatory Announcement                                                      
                                                                             
Company                                Pan African Resources PLC             
                                                                             
Headline                               Drilling Update                       
                                                                             
Released                               27 November 2007                      

                            Date: 27 NOVEMBER 2007                             

                           Pan African Resources PLC                           

                       ("Pan African" or the "Company")                        

        Bogoin Gold Project, Central African Republic: Drilling Update         

Pan African Resources PLC (AIM: PAF, AltX: PAN), the African based gold mining
and exploration company announces the results of the first phase of Rotary Air
Blast ("RAB") drilling at the Bogoin gold project in the Central African
Republic.

Highlights:

  * Significant gold mineralisation intersections were achieved
   
  * Drill hole intersections confirm gold mineralisation at depth. Best
    mineralisation tenor is highlighted by the following drill hole results:
   
  * 
      + RAB 0002 - 1m @ 25.55g/t; 1m @ 7.95g/t & 1m @ 6.83g/t
       
      + RAB 0009 - 1m @ 6.30g/t
       
As announced on 19 November 2007, 2,085m of the 15,600m of the Bogoin Rotary
Air Blast ("RAB") drilling programme have been completed in the Central African
Republic and assay results from 21 boreholes have been received. Following the
completion of the verifications by the geological team the company announces
the following:

The following table outlines individual intersections made; width reported are
as intersected in the hole (no composite values are reported):

Exploration drill hole number   Depth From   Depth To   Width (m) Gold grade 
(BHID)                          (m)          (m)                  (g/t)      
                                                                             
RAB0002                         6.00         7.00       1.00      25.55      
                                                                             
RAB0002                         7.00         8.00       1.00      7.95       
                                                                             
RAB0002                         8.00         9.00       1.00      6.83       
                                                                             
RAB0009                         3.00         4.00       1.00      6.30       
                                                                             
RAB0017                         3.00         4.00       1.00      1.13       
                                                                             
RAB0017                         11.00        12.00      1.00      1.16       
                                                                             
RAB0018                         4.00         5.00       1.00      1.02       
                                                                             
RAB0018                         11.00        12.00      1.00      1.22       
                                                                             
RAB0018                         12.00        13.00      1.00      1.45       
                                                                             
RAB0018                         14.00        15.00      1.00      0.98       
                                                                             
RAB0018                         15.00        16.00      1.00      1.04       
                                                                             
RAB0018                         16.00        17.00      1.00      0.98       
                                                                             
RAB0019                         4.00         5.00       1.00      1.06       
                                                                             
RAB0019                         5.00         6.00       1.00      1.14       
                                                                             
RAB0019                         6.00         7.00       1.00      2.33       
                                                                             
RAB0019                         7.00         8.00       1.00      1.34       
                                                                             
RAB0019                         8.00         9.00       1.00      1.58       
                                                                             
RAB0019                         9.00         10.00      1.00      1.56       
                                                                             
RAB0019                         10.00        11.00      1.00      2.70       
                                                                             
RAB0019                         11.00        12.00      1.00      2.92       
                                                                             
RAB0019                         12.00        13.00      1.00      3.37       
                                                                             
RAB0019                         13.00        14.00      1.00      2.28       
                                                                             
RAB009                          14.00        15.00      1.00      1.36       
                                                                             
RAB0019                         16.00        17.00      1.00      10.80      
                                                                             
RAB0019                         17.00        18.00      1.00      1.92       
                                                                             
RAB0019                         18.00        19.00      1.00      1.34       
                                                                             
RAB0019                         20.00        21.00      1.00      1.42       
                                                                             
RAB0020                         1.00         2.00       1.00      1.30       
                                                                             
RAB0020                         2.00         3.00       1.00      1.37       
                                                                             
RAB0020                         3.00         4.00       1.00      1.20       
                                                                             
RAB0020                         4.00         5.00       1.00      1.32       
                                                                             
RAB0020                         5.00         6.00       1.00      1.46       
                                                                             
RAB0020                         6.00         7.00       1.00      7.72       
                                                                             
RAB0020                         7.00         8.00       1.00      1.26       
                                                                             
RAB0020                         8.00         9.00       1.00      1.50       
                                                                             
RAB0020                         9.00         10.00      1.00      1.30       

Jan Nelson, CEO of Pan African, commented: "The drilling results are being used
to confirm previous interpretations of gold mineralisation at surface to depths
of 15 - 35m. The drilling results received to date, have encouraged the Company
to speed up the drilling programme and as a result a Reverse Circulation ("RC")
drill rig will be on site by the end of Q1 2008 in addition to the RAB drill
rig.

                                     ENDS                                      

Martin Bevelander, Group Consulting Geologist for Pan African Resources, is
SACNASP (South African Council for Natural Scientific Professions) accredited
and was responsible for validating the borehole intersections.

For further information on Pan African PLC, please visit the website at 
www.panafricanresources.com

Enquiries:

Pan African       Ambrian Partners     Macquarie First      St James's         
Resources         Limited              South Corporate      Corporate Services 
                                       Finance (Pty)        Limited            
Jan Nelson, CEO   Richard Brown        Limited                                 
                                                            Phil Dexter        
+27 (0) 11 777    +44 (0) 20 7776 6417 Amanda Markman                          
7840                                                        +44 (0) 20 7499    
                  Richard Greenfield   +27 (0) 11 343 2307  3916               
Keith Spencer,                                                                 
Chairman          +44 (0) 20 7776 6418 Doné Hattingh                           
                                                                               
+27 (0) 11 880                         +27 (0) 11 343 2308                     
3155                                                                           
                                                                               
Nicole Stoyell                                                                 
                                                                               
Public Relations                                                               
                                                                               
+27 (0) 11 777                                                                 
7840