Wage negotiations successfully concluded at Barberton

Pan African Resources PLC (Incorporated and registered in England and Wales under Companies Act 1985 withregistered number 3937466 on 25 February 2000) AIM Code: PAF JSE Code: PAN ISIN: GB0004300496 ("Pan African" or "the Company") PAN AFRICAN SUCCESSFULLY CONCLUDES WAGE NEGOTIATIONS AT BARBERTON MINES Pan African shareholders are hereby informed that the Company has successfullyentered into a two year agreement with the National Union of Mineworkers("NUM") and the United Association of South Africa ("UASA") on wages and otherconditions of employment for employees at its Barberton Mines (Proprietary)Limited operation ("Barberton Mines"), for the financial years ending 30 June2014 and 30 June 2015. The average Barberton salary and wage bill increase for these financial yearswill amount to approximately 8% per annum, effective from 1 July 2013. CEO of Pan African, Ron Holding commented: "This agreement concludes all of ourwage discussions for 2013 and finalises both Evander and Barberton's wagenegotiations for the next two financial years." Johannesburg2 October 2013 JSE SponsorOne Capital PAN AFRICAN ENQUIRIES South Africa UK Pan African Resources Canaccord Genuity LimitedMr Ron Holding Nomad and Joint BrokerChief Executive Officer Andrew Chubb / Peter Stewart / Joe Weaving+27 (0) 11 243 2900 +44 (0) 20 7523 8350 Vestor Investor Relations finnCap LimitedLouise Brugman Joint Broker+27 (0) 11 787 3015 Elizabeth Johnson / Joanna Weaving+27 83 504 1186 +44 (0) 20 7220 0500 One Capital St James's Corporate Services LimitedLiezl Gildenhuys Phil Dexter+27 (0) 11 550 5000 +44 (0) 20 7499 3916 Gable Communications Justine James +44 (0) 20 7193 7463 / +44 (0) 7525 324431 For further information on Pan African, please visit the website atwww.panafricanresources.com