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Pan African Resources PLC (PAF)

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Thursday 14 October, 2010

Pan African Resources PLC

Director/PDMR Shareholding and Additional Listing

14 October 2010

                           Pan African Resources PLC                           

                       (`Pan African' or the `Company')                        

Incorporated and registered in England and Wales under Companies Act 1985 with 

                 registered number 3937466 on 25 February 2000                 

                               AIM: PAF/JSE: PAN                               

                              ISIN: GB0004300496                               

                              Director's Dealings                              

Pan African announces that on 6 October 2010, Mr Jan Nelson, the Company's
Chief Executive Officer, was issued with 6,000,000 ordinary shares of 1p each
("Shares") at a price of 2p per share, for a total consideration of GBP120,000,
following the exercise of share options ("Exercise").

Application will be made today, 14 October 2010, to the AIM market of the
London Stock Exchange ("AIM") and to the Main Board of JSE Limited ("JSE") for
6,000,000 shares to be admitted to trading on AIM and for listing on the JSE,
with Admission to trading and listing on both markets expected to occur on 20
October 2010.

To assist with the payment of tax arising on the disposal and the cost of
exercise, Mr Nelson on 12 October 2010 sold 2,500,000 Pan African shares on
market at an average price of 8.75p per share for a total consideration of
GBP218,750 ("Disposal").

The Exercise and Disposal was made under clearance given by a special
resolution of the board of directors.

Following the Exercise and Sale, Mr Nelson holds 3,622,442 shares in the
Company, representing 0.26% of the total issued share capital of 1,419,540,711


South Africa                           UK                                    
Pan African                            RBC Capital Markets                   
Jan Nelson, Chief Executive Officer    Martin Eales / Brett Jacobs           
+27 (0) 11 243 2900                    +44 (0) 20 7653 4000                  
Macquarie First South Advisers (Pty)   St James's Corporate Services Limited 
                                       Phil Dexter                           
Melanie de Nysschen / Yvette                                                 
Labuschagne                            +44 (0) 20 7499 3916                  
+27 (0) 11 583 2000                                                          
                                       Hansard Communications                
                                       Justine James                         
                                       +44 (0) 20 7245 1100 / +44 (0) 7525