Pensana Regulatory News (PRE)

Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction

8 April 2010

Pan Andean Resources plc

Amendment to Scheme Timetable

Pan Andean Resources plc ('the Company') announces that the date of registration of the Court Order with the Registrar of Companies is now expected to be 14 April 2010. As a result, the Effective Date of the Scheme and the cancellation date of admission to trading on AIM of the Pan Andean Shares is expected to be delayed by a day. The change will however have no impact on the expected date for suspension of dealing in the Pan Andean Shares which is still expected to occur at 7.00 am 13 April 2010.

The revised timetable for completion of the Scheme is set out in the Appendix to this announcement.

Enquiries:

Capitalised terms used in this announcement have the meanings given to them in the Scheme Document.

The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement does not constitute an offer or an invitation to purchase or subscribe for any securities or a solicitation of an offer to buy any securities pursuant to this announcement or otherwise in any jurisdiction in which such offer or solicitation is unlawful. This announcement has been prepared for the purposes of complying with English law, and the AIM Rules and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of any jurisdiction outside England.

Smith & Williamson Corporate Finance Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Pan Andean Resources plc in relation to the Proposals and is not acting for any other person in relation to such Proposals. Smith & Williamson Corporate Finance Limited will not be responsible to anyone other than Pan Andean Resources plc for providing the protections afforded to its clients nor for providing advice in relation to the Proposals or any other matter referred to in this announcement.

Appendix