3 September 2014

                           Pan African Resources PLC

(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

           ("Pan African Resources" or the "Company" or the "Group")

            2014 Abridged Mineral Resource & Mineral Reserve Report

Pan African Resources PLC (AIM: PAF, JSE: PAN), the African focused precious
metals producer, is pleased to announce that the 2014 Abridged Mineral Resource
and Mineral Reserve Report ("MR&MR") has now been published and is available on
the Company's website at www.panafricanresources.com. A summary of the report
including the Group mineral resource and reserve statement as at 30 June 2014
has been provided below.

Overview

  * 0.9Moz or 9.8% gross annual increase in Group gold reserves to 10.1Moz
    (2013: 9.2Moz)

  * 1.6Moz or 4.5% decrease in Group gold resources to 33.5Moz (2013: 35.1Moz)

  * 0.2Moz or 67% increase in Group PGE reserves to 0.5Moz (2013: 0.3Moz)

  * 0.1Moz or 14% decrease in Group PGE resource to 0.6Moz (2013: 0.7Moz)

  * Exploration drilling and work to increase access and development of
    orebodies at the Group's key projects progressed and has added incremental
    resource ounces

  * Ongoing conversion of resources to reserves expected to continue to
    increase life of mine production profiles

Gold

Group Gold Mineral Resources

The Group's attributable gold Mineral Resources decreased from 35.1 million
ounces ("Moz") in June 2013 to 33.5Moz in June 2014, equating to an annual
decrease of 1.6Moz, or 4.5%. Of this variance, a decrease of 1.9Moz can be
attributed to Evander Mines and an increase of 0.3Moz to Barberton Mines.

As at 30 June 2014

                                         Tonnes    Grade     Contained gold

                     Category         (million)    (g/t)            Kg      Moz

Mineral Resource

                     Measured               6.3    10.67        66 958      2.1

                     Indicated            277.3     2.23       645 929     20.8

                     Inferred              42.7     7.74       330 126     10.6

Pan African          Total                326.3     3.20     1 043 015     33.5
Resources

The decrease in Mineral Resources can be attributed to a lower gold price and
inflationary cost drivers in the reporting of the 2014 Mineral Resources. The
0.3Moz positive variance in contained gold at Barberton Mines was a result of
adding new surface resources and extending the MRC orebody on Fairview Mine.

Group Gold Mineral Reserves

The Group's attributable Mineral Reserves increased from 9.2Moz in June 2013 to
10.1Moz in June 2014 - an annual increase of 0.9Moz, or 9.8%. Of this variance,
0.6Moz increase can be attributed to Barberton Mines and a 0.3Moz increase to
Evander Mines.

As at 30 June 2014

                                         Tonnes    Grade     Contained gold

                     Category         (million)    (g/t)            Kg      Moz

Mineral Reserve

                     Proved                 3.8     7.38        27 826      0.9

                     Probable              83.6     3.41       286 103      9.2

Pan African          Total                 87.6     3.58       313 929     10.1
Resources

The total increase in the Mineral Reserves can be attributed to the conversion
of Mineral Resources of Evander No. 8 - 26 level and at Barberton the Fairview
Mine extension of MRC orebody and the inclusion of New Consort and Sheba Mine
tailings dams.

Platinum Group Elements ("PGE")

Group PGE Mineral Resources

The Group's attributable PGE Mineral Resources decreased from 0.7Moz in June
2013 to 0.6Moz in June 2014 - an annual decrease of 0.1Moz or 14%. This
decrease can be attributed to a lower Mineral Resource declared from the IFM
Lesedi Mine (current arisings) and the treatment of the Buffelsfontein dumps.

As at 30 June 2014

                                         Tonnes    Grade    Contained PGE's

                     Category         (million)    (g/t)            Kg      Moz

Mineral Resource

                     Measured               1.8     2.58         4 559      0.1

                     Indicated              3.3     3.56        11 574      0.4

                     Inferred               0.9     3.05         2 833      0.1

Pan African          Total                  6.0     3.19        18 966      0.6
Resources

Group PGE Mineral Reserves

The Group's attributable PGE Mineral Reserves increased from 0.3Moz in June
2013 to 0.5Moz in June 2014 - an annual increase of 0.2Moz or 67%. This
significant increase can be attributed to the re-stating of the modifying
factors in the Mineral Reserve of Phoenix Platinum.

As at 30 June 2014

                                         Tonnes    Grade    Contained PGE's

                     Category         (million)    (g/t) Kg            Moz

Mineral Reserve

                     Proved                 1.8     2.58 4 559         0.1

                     Probable               3.2     3.56 11 574        0.4

Pan African          Total                  5.0     3.21 16 133        0.5
Resources

Group organic growth

Current exploration drilling as well as accessing and developing of the orebody
were maintained during the year. The strategy of converting Mineral Resource to
Mineral Reserve was progressed by moving organic projects further up the mining
value chain towards commissioning. The tables below reflect the progress of
near-mine growth projects that have contributed ounces to the Mineral Resource
for the year.

Group: Exploring the orebody - exploration drilling

Operation             Total    No. of  Average        No. of   Average       Total
                     metres                                      grade
                            boreholes  channel Intersections           expenditure
                                         width above cut-off

                                          (cm)                   (g/t)        (Rm)

Barberton Mines      11 993       150      121            93     24.52         7.9

Evander Mines           732        22       22             0     14.65        0.54

Phoenix Platinum          -         -        -             -         -           -

Group: Accessing the orebody - on-reef development

Operation                Total on-reef development (metres) Average grade (g/t)

Barberton Mines                        1 656                       4.31

Evander Mines                          1 015                       43.11

Phoenix Platinum                         -                           -

Barberton Mines: Developing the orebody - capital ore reserve projects

Project                               2014      2013     2012       Potential
                                                                    resource
                                                                     target

                                      (metres)  (metres) (metres)     (oz)

Sheba - pillar development               351      317                 2 006

Sheba - Edwin Bray to Thomas and         171      102      303       13 286
Joe's Luck area

Fairview - 11 Level Royal Reef        Equipping   0.1                17 000

Fairview - 1# ore reserve opening        154      179                14 821

Fairview - 3 Shaft deepening              0       228      109        1 600

Fairview - 62 Level                      295      601                552 253

New Consort - 40 Level                   193      252      267       10 000

New Consort - 50 Level Decline west       0       150      197       26 000

New Consort - MMR pillar development     173      129              (new target
                                                                      area)

New Consort - 3 Shaft                             253                  900

Sheba Western Cross                                71                44 263

Evander Mines: Capital ore reserve projects

Project                                 2014      2013     2012     Potential

                                                                    resource
                                                                     target

                                      (metres)  (metres) (metres)     (oz)

2 Decline 24 - 25 Level               686       554      778        1 200 000

25 A block ventilation                925       124      0

Reporting in compliance with SAMREC Code

To meet the requirement of the South African Code for the Reporting of
Exploration Results, Mineral Resources and Mineral Reserves ("SAMREC Code")
that the material reported as a Mineral Resource should have "reasonable and
realistic prospects for eventual economic extraction", Pan African Resources
has determined an appropriate cut-off grade which has been applied to the
quantified mineralised body. In determining the cut-off grade, Pan African
Resources uses a gold price of R500 000/kg. At our underground mines, the
optimal cut-off is defined as the lowest grade at which an orebody can be mined
such that the total profits, under a specified set of mining parameters, are
maximised. The Mineral Resource optimiser tool that was accordingly developed
in-house was applied to the Mineral Resource inventory.

The optimiser programme requires the following inputs to convert the Mineral
Resource to the Mineral Reserve:

  * the database inventory of all mineral resource blocks

  * an assumed gold price - ZAR400 000/kg

  * planned production rates for each mine

  * mine call factor (MCF)

  * plant recovery factors and

  * planned cash operating costs and other efficiency factors, which are
    calculated using historical achievements as a baseline.

The Mineral Reserves represent that portion of the Measured and Indicated
Mineral Resources above cut-off in the LOM plan, and have been estimated after
consideration of the modifying factors affecting extraction. A range of
disciplines has been involved at each mine in the LOM planning process
including geology, surveying, planning, mining engineering, rock engineering,
metallurgy, financial management, human resources management and environmental
management.

Phoenix Platinum, BTRP and the ETRP are optimised on a 100% extraction plan on
their Mineral Reserves. No selectivity was applied on tonnages and thus no
cut-off grades were determined.

Note: Mineral Resources are inclusive of the Mineral Reserve, unless otherwise
stated. Rounding of numbers contained in this announcement may result in minor
computational discrepancies.

Competent Person

The competent person for Pan African Resources, Mr Barry Naicker, the group
Mineral Resource Manager, signs off the MR&MR for the Group and has reviewed
and approved the information contained in this announcement in writing. He is a
member of the South African Council for Scientific Professions (400234/10). Mr
Naicker has 13 years of experience in economic geology and mineral resource
management.

He is based at 1st Floor, The Firs, cnr. Cradock and Biermann Avenues,
Rosebank, 2196, Gauteng.

Pan African Resources Enquiries

Ron Holding                    Cobus Loots
Pan African Resources PLC      Pan African Resources PLC
Chief Executive Officer        Financial Director
Office: + 27 (0) 11 243 2900   Office: + 27 (0) 11 243 2900

Phil Dexter                    Neil Elliot / Peter Stewart
St James's Corporate Services  Canaccord Genuity Limited
Limited
Company Secretary              Nominated Adviser and Joint Broker
Office: + 44 (0) 207 499 3916  Office: +44 (0)207 523 8350

Matthew Armitt / Ross Allister Sholto Simpson
Peel Hunt LLP                  One Capital
Joint Broker                   JSE Sponsor
Office: +44 (0)020 741 8900    Office: + 27 (0) 11 550 5009

Julian Gwillim                 Daniel Thöle
Aprio Strategic Communications Bell Pottinger PR
Public & Investor Relations SA Public & Investor Relations UK
Office: +27 (0)11 880 0037     Office: + 44 (0) 203 772 2500

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

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