Statement re Incident at Barberton Mines

24 Feb 2009 15:41

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 Share code on JSE: PAN ISIN: GB0004300496 Incident at Barberton Mines

Pan African confirmed today that trespassers conducting illegal mining activity set a fire on the Consort mine at Barberton on Saturday, 21 February 2009.

The bodies of five of these men have been found underground.

Management have sealed off the area and all necessary safety precautions have been taken; no mine employees have been harmed. The police and the Inspector of Mines have been informed of the incident.

Mining resumed on schedule, Monday 23 February 2009, and management expects an insignificant impact on production.

ENDS

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

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