Evander Gold Mine Site Visit and ETRP update 12 February 2015

Shareholders are advised that Pan African will host a site visit to Evander Gold Mines today, where visitors will have the opportunity to go on an underground tour of the operations at No 8 shaft and a surface tour of the “Evander Tailings Retreatment Plant” (ETRP). An overview of the mine and the ETRP