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Pan African Resources PLC (PAF)

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Wednesday 23 March, 2011

Pan African Resources PLC

Pan African Commences Bulk Earthworks at Phoeni...

23 March 2011

                           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                               

           Pan African Commences Bulk Earthworks at Phoenix Platinum           

Pan African, the African focused precious metals producer, has today commenced
bulk earthworks* at its Phoenix Platinum Project (`Phoenix') in the North West
Province of South Africa.

The construction of the Chrome Tailings Retreatment Plant (`CTRP') at Phoenix
is on schedule and the procurement of major equipment has been completed. Plant
construction is scheduled to start in mid-May 2011 with plant commissioning
planned for October 2011. The CTRP full production rate of 20,000 tons per
month is expected to be achieved in the first quarter of 2012.

Jan Nelson, Chief Executive Officer of Pan African commented: "This is another
key milestone in the process of Pan African becoming a platinum producer in
addition to the Company already producing approximately 100,000 ounces of gold
per annum. We are delighted with the progress on site, which is on schedule and
on budget. We look forward to reporting first production later this year."

* Bulk earthworks is the commencement of site clearance prior to plant


For further information on Pan African Resources plc, please visit the website

South Africa                               UK                                
Pan African Resources                      RBC Capital Markets               
Jan Nelson, Chief Executive Officer        Martin Eales                      
+27 (0) 11 243 2900                        +44 (0) 20 7653 4000              
Pan African Resources                      St James's Corporate Services     
Nicole Spruijt                                                               
                                           Phil Dexter                       
+27 (0) 11 243 2900                                                          
                                           +44 (0) 20 7499 3916              
Macquarie First South Advisers (Pty) Ltd   Gable Communications              
Melanie de Nysschen / Yvette Labuschagne / Justine James                     
Annerie Britz                                                                
                                           +44 (0) 20 7193 7463              
+27 (0) 11 583 2000                                                          
                                           +44 (0) 7525 324431