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" or the "Company")                        

        EVANDER GOLD MINING PROPRIETARY LIMITED ("EVANDER") FATALITY AND SHAFT     
                                REFURBISHMENT PROGRAMME                            

    FATALITY

    It is with deep regret that Pan African reports that a mining accident occurred
    at the Evander 7 shaft complex on 15 February 2017.  Mr Velile Chaplin Kapa
    (54), an Engineering Assistant employed by the operation, sustained a fatal
    head injury when a section of the main shaft pump column failed whilst he was
    working in the shaft bottom area. Pan African's management and board express
    their sincere condolences to the family, friends and colleagues of Mr Kapa.

    SHAFT REFURBISHMENT PROGRAMME

    Shareholders are referred to the Trading Update, released on 5 December 2016,
    in which Pan African, inter-alia, disclosed details of the refurbishment
    programme being conducted at Evander's 7A shaft.

    In conjunction with the 7A shaft refurbishment programme, Evander's management
    initiated a number of independent and internal engineering studies to assess
    the condition of Evander's underground mining infrastructure (both Evander 7
    and 8 shafts). These studies identified critical infrastructure issues
    requiring remedial action, to ensure safe and sustainable operation of these
    shafts.

    The nature of these refurbishments require a suspension of Evander's
    underground mining operations for a period of up to 55 days, during which
    critical infrastructure issues will be addressed. Evander's tailings and
    surface operations will be unaffected by the underground mining suspension.

    The cost of the shaft refurbishment programmes is expected to be approximately
    R40 million, which will be funded from the Company's existing banking
    facilities.   

    In light of these recent developments, Pan African has revised its gold
    production guidance for the financial year ending 30 June 2017 from 195 000
    ounces to approximately 181,000 ounces.

    Pan African's interim results for the period ended 31 December 2016 will be
    released on 22 February 2017.  Further detail on the Evander underground
    refurbishment programme will be made available as part of this interim
    presentation.

    20 February 2017

    CONTACT INFORMATION

    Corporate Office
    The Firs Office Building
    1st Floor, Office 101
    Cnr. Cradock and Biermann Avenues
    Rosebank, Johannesburg
    South Africa
    Office: + 27 (0) 11 243 2900
    Facsimile: + 27 (0) 11 880 1240

    Registered Office
    Suite 31
    Second Floor
    107 Cheapside
    London
    EC2V 6DN
    United Kingdom
    Office: + 44 (0) 207 796 8644
    Facsimile: + 44 (0) 207 796 8645

      Cobus Loots                    Deon Louw                                  
                                                                                
      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                    John Prior / Paul Gillam / James Black     
                                                                                
      St James's Corporate Services  Numis Securities Limited                   
    Limited                                                                     
                                                                                
      Company Secretary              Nominated Adviser  and Joint Broker        
                                                                                
      Office: + 44 (0)207 796 8644   Office: +44 (0)207 260 1000                
                                                                                
      Matthew Armitt / Ross Allister Sholto Simpson                             
                                                                                
      Peel Hunt LLP                  One Capital                                
                                                                                
      Joint Broker                   JSE Sponsor                                
                                                                                
      Office: +44 (0)020 7418 8900   Office: + 27 (0) 11 550 5009               
                                                                                
      Julian Gwillim                 Bobby Morse/Chris Judd                     
                                                                                
      Aprio Strategic Communications Buchanan Communications                    
                                                                                
      Public & Investor Relations SA Public & Investor Relations UK             
                                                                                
      Office: +27 (0)11 880 0037     Office: +44 (0) 207 466 5000               

    Jeffrey Couch/Neil Haycock/Thomas Rider
    BMO Capital Markets Limited
    Joint Broker
    Office: +44 (0) 207 236 1010

    www.panafricanresources.com