Panex Announces Appointment of Cong Mao Huai as Non-Executive Director to Board of Directors

Panex Resources Inc. is an exploration-stage company. The Company is engaged in the acquisition and exploration of mineral properties. It has no interest in any mineral resources or properties, and is identifying and assessing viable mineral properties or mineral projects. It focuses on conducting mineral exploration activities on mineral properties in order to assess whether claims possess commercially exploitable mineral deposits. The Company is performing a due diligence of a gold exploration project at Matala, in South Kivu Province, Democratic Republic of Congo. The Matala Gold Project is located on the north-western edge of the Kibaran mobile belt. The Matala Gold Project comprises over 10 exploration tenements for over 1,970 square kilometers located in the South Kivu Province, Democratic Republic of Congo. It intends to explore for deposits of base and precious minerals, such as gold, silver, lead, barium, mercury, copper and zinc minerals. It has not generated any revenues.