CAR Project Update

6 Mar 2006 07:02

Pan African Resources PLC06 March 2006 6th March 2006 Pan African Resources PLC ("Pan African" or "the Company") Project Progress Update: Bogoin Project, Central African Republic Pan African Resources PLC (AIM:PAF), the African based gold exploration company,announces the completion of the third phase of regional geochemical sampling andan increase in the total strike-length of the original soil geochemical anomalyfrom 7km to 12km in the Bogoin Project ("the Project"), Central African Republic(CAR). The project is covered by an exclusive exploration license and is a jointventure between Pan African (45% contributory stake), International MiningInvestments (IMI, 45% contributory stake) and Goldiam SARL (10% free carry). "We are currently focusing our efforts on infill sampling within a 4km zone wefeel could be the most prospective. We will also be conducting a ground magneticsurvey which, in conjunction with the infill soil sampling, will allow us toidentify drilling targets that we plan to test before the year-end" commentedJan Nelson, CEO of Pan African. - ENDS - Enquiries: Pan African Resources Ambrian Partners Parkgreen CommunicationsJan Nelson, CEO Richard Brown Justine Howarth / Victoria Thomas+27 11 886 1211 +44 (0) 207 776 6400 +44 (0)20 7493 3713+27 (0) 82 494 5628Colin Bird+44 (0)20 7584 2155 This information is provided by RNS The company news service from the London Stock Exchange