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Pan African Resources PLC (PAF)

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Monday 04 April, 2011

Pan African Resources PLC

Mozambique Govt Awards Mining Licence on Manica...


                           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)                 

                       Share code on AIM: PAF / JSE: PAN                       

                              ISIN: GB0004300496                               

         Mozambique Government Awards Mining Licence on Manica Project         

Pan African Resources, the African focused precious metals producer, has been
awarded a mining licence on its Manica exploration project ("Manica Project")
by the Mozambican government.  The licence, which was converted from a
prospecting licence, grants Pan African the opportunity to move the Manica
Project to development stage.

The pre-feasibility study in respect of the Manica Project relating to mining
the oxide and some of the sulphide bearing mineralised material was completed
on schedule in December 2010. A detailed pre-feasibility study is being
completed on the remainder of the sulphide bearing mineralised material, which
will include a detailed three dimensional underground mine design. This study
is expected to be completed during Q2 of 2011 and results of both studies will
be published towards the beginning of Q3 of 2011.

Jan Nelson, Chief Executive of Pan African commented: "We are pleased to have
been awarded this mining licence on the Manica Project as well as with the
overall progress on the project to date. Once the pre-feasibility study is
completed, we will be in a position to review how we move the project forward."

                                     ENDS                                      

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

South Africa                               UK                                
                                                                             
Pan African                                RBC Capital Markets               
                                                                             
Jan Nelson, Chief Executive Officer        Martin Eales                      
                                                                             
+27 (0) 11 243 2900                        +44 (0) 20 7653 4000              
                                                                             
Pan African                                St James's Corporate Services     
                                           Limited                           
Nicole Sprujit                                                               
                                           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