Result of AGM and AGM Statement

PAN PACIFIC AGGREGATES PLC

RESULT OF AGM AND AGM STATEMENT

The Board of Pan Pacific Aggregates plc (the "Company"), the British Columbia based aggregates company, held its annual general meeting today and all resolutions were duly passed.

AGM STATEMENT

At today's annual general meeting, the Executive Chairman, Euan McAlpine made the following comments:

"The progress that we have made on the ground in the last seven months has helped to refocus the group following the frustration and inability to complete a reverse takeover earlier in the year. In addition, the financial position of the Company has been clarified to enable us to move forward on a firmer footing.

Last year we brought Quadling Quarry into production and we have since seen a relatively large increase in revenues, albeit from a low base. We have continued to improve both the product mix and the client base and in the first half of the current financial year have seen revenues rise 209 per cent. compared with the first half of 2010 and expect the quarry to be operating profitably by the year end. We are also looking to extend the reserves.

In addition, we expect to obtain a working permit for the Sechelt quarry towards the end of 2011.

In the past year we have addressed many issues and have recently refinanced the Company and restructured the Board and are looking to further strengthen it by the appointment of additional non-executive directors.

We now have a business that is refinanced, increasing revenues and actively winning new business. British Columbia has a strong economy and Canada has been less affected by world events than most countries. It is currently growing at over 2.7 per cent. per annum.

We are now in a position to grow the business and hopefully the share price will in due course reflect the asset value and the potential of the Company."

For further information please see the Company's web site, www.panagg.com or contact: