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")                        

                              RESULTS OF GENERAL MEETING                           

    Pan African shareholders are advised that at the general meeting ("GM") of
    shareholders held on Thursday, 9 February 2017, all the ordinary and special
    resolutions, as set out in the notice of GM dated Tuesday, 17 January 2017,
    were approved by the requisite majority of shareholders present or represented
    by proxy.

    The total number of Pan African shares eligible to vote at the GM is
    1,943,206,554. The highest number of shares voted in person or by proxy was
    1,409,947,299 representing 72.56% of the total issued share capital of the same
    class of Pan African.

    All resolutions proposed at the GM, together with the percentage of shares
    abstained, as well as the percentage of votes carried for and against each
    resolution, are as follows:

    Ordinary resolution number 1: To authorise the directors to allot equity
    securities

    Shares Voted        Abstained           For                 Against            
                                                                                   
    1,409,944,533       4,978,118                                                  
    72.56%              0.26%               98.55%              1.45%              

    Special resolution number 2: To disapply pre-emption rights for the issue of
    securities

    Shares Voted        Abstained           For                 Against            
                                                                                   
                                                                                   
    1,409,929,581       4,993,070                                                  
    72.56%              0.26%               91.14%              8.86%              

    Special resolution number 3: To comply with JSE Listings Requirements for cash
    equity issues

    Shares Voted        Abstained           For                 Against            
                                                                                   
    1,409,947,299       4,975,352                                                  
    72.56%              0.26%               92.18%              7.82%              

    Notes

      * Percentages of shares voted are calculated in relation to the total issued
        share capital of Pan African
      * Percentages of shares voted for and against are calculated in relation to
        the total number of shares voted for each resolution
      * Abstentions are calculated as a percentage in relation to the total issued
        share capital of Pan African

    Johannesburg
    9 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                   
                                                                                           
    St James's Corporate Services Limited       Numis Securities Limited                   
                                                                                           
    Company Secretary                           Nominated Adviser and Joint Broker         
                                                                                           
    Office: + 44 (0) 207 796 8644               Office: +44 (0) 20 7260 1000               
                                                                                           
    Sholto Simpson                              Matthew Armitt / Ross Allister             
                                                                                           
    One Capital                                 Peel Hunt LLP                              
                                                                                           
    JSE Sponsor                                 Joint Broker                               
                                                                                           
    Office: + 27 (0) 11 550 5009                Office: +44 (0) 207 418 8900               
                                                                                           
    Julian Gwillim                                                                         
                                                                                           
    Aprio Strategic Communications                                                         
                                                                                           
    Public & Investor Relations SA                                                         
                                                                                           
    Office: +27 (0)11 880 0037                                                             

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

    http://www.panafricanresources.com/