The Company - Overview

Pan African is a mining, exploration, and development company with operations solely on the African
continent with a focus on gold.

Mining Operations

Country

Name

%
Stake

Production
Ounces

EBITDA (31
Dec 2007)

Total Resource

South Africa

Barberton Mines (Pty) Ltd

Three operational gold
mines: Fairview, Sheba
and New Consort

Approximately
100 000oz of
gold produced
in 2007

£4,000,872

1,365,000oz
attributable to PAR

Exploration Projects

Country

Project
Name

%
Stake

Resource
(if defined)

Work Completed

Planned Milestones

Mozambique

Manica

100

1.7Moz
@ 4.61g/t

- 17,462m of drilling
..Scoping Study
- Geophysical and
..Geochemical surveys

- Pre-Feasibility to be
..complete by Q2 2008
- Bankable Feasibility
..to be complete by
..Q4.2008

South Africa

Amira, Eagles Nest & Thomas Victory-Hilll

- Compilation of
..dataset attained
..through the acquisition
..of Barberton Mines
- US$2 million
..exploration project
..initiated

- Drill targets identified
..in Q3 2008

Central African Republic

Bogoin and Dekoa

50% of
each
project

Bogoin: to
be defined
by Q2 2008

- 2696m of stream
..sediment sampling
- 9228m of soil
..sampling
- 2085m of RAB
..drilling

- 4000m of RAB drilling
- 12000m of RC drilling
- Drill major anomalies
..at Dekoa by Q3 2008

Ghana

Akrokerri and Kyereboso

Akrokerri –
90%

Kyereboso –
90% earn-in
potential

- Define drill targets
..(Q2 2008)
- Drill targets (Q4
..2008)

The Company has strategic partnerships with Metorex Limited (operational), Metorex is the largest shareholder in the Company, with a 55% stake, and with Pangea Exploration (exploration). Pan African has the first right of refusal on any gold project discovered by Metorex and Pangea.

Pan African Resources is fully BEE compliant


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