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Pan African Mining Corp. Intersects 14.72 G/T Au Over 8.3 Meters at Mountain of Gold in Madagascar

Posted on: Wednesday, 25 April 2007, 06:00 CDT

PAN AFRICAN MINING CORP. (TSX-V: PAF) (the "Company") is pleased to announce additional assay results from Phase II core drilling on its Mountain of Gold Project in Madagascar's central-west plateau. The Company's license in this region encompasses approximately 900 sq. km. situated 125 air miles west-southwest of the capital city of Antananarivo, in the provinces of Toliary and Antananarivo. The ongoing Phase II core drilling program continues to yield positive results from the Dabolava East Zone. These include an 8.3 meter interval grading 14.72 g/t Au in drill hole DE-D-023 and 0.40 meter grading at 55.10 g/t Au in drill hole DE-D-009. Hole DE-D-023 is located between previously reported holes DE-D-011 (5.5 meters grading 50.81 g/t Au) and DE-D-016 (5.6 meters grading 9.51 g/t Au) at distances from such holes of 50 meters and 40 meters, respectively. Hole DE-D-009 and DE-D-029 tested the same structure 300 metres further to the northeast. DE-D-009 intersected 55.10 g/t Au over 0.40m.

The Company is encouraged by its continued intersection of high grade structures in the zone. Its focus with the on-going Phase II drilling program is to develop a better understanding of the complex structural model controlling location of these high grade structures.

                       Table of Selected Drilling Results -***-         -----------------------------------------------------------         Drill Hole       From(m)    To(m)   Interval(m)    Au (g/t)         -----------------------------------------------------------          DE-D-023        83.60      91.90       8.30        14.72          Including       83.60      84.80       1.20        51.47         and including    87.50      88.90       1.40        40.46          DE-D-009        53.20      53.60       0.40        55.10         ----------------------------------------------------------- Note:  All assays are reported uncut as the data set remains too small at this time to establish meaningful statistical boundaries for cutting. -****- Table of Reported Drill Hole Survey Data -***- --------------------------------------------------------------------------- - Drill Hole   UTM    Easting   Northing   Azimuth   Inclination  Collar Elev.              Grid     (m)       (m)      (true N)                    (m)               No. --------------------------------------------------------------------------- - DE-D-022     38K     574652    7827323      343          -45         557 --------------------------------------------------------------------------- - DE-D-023     38K     574772    7827347      344          -45         542 --------------------------------------------------------------------------- - DE-D-024     38K     575172    7827769      151          -44         551 --------------------------------------------------------------------------- - DE-D-025     38K     575197    7827724      330          -45         540 --------------------------------------------------------------------------- - DE-D-026     38K     575221    7827691      330          -45         548 --------------------------------------------------------------------------- - DE-D-027     38K     575194    7827661      330          -45         555 --------------------------------------------------------------------------- - DE-D-028     38K     575170    7827643      330          -45         553 --------------------------------------------------------------------------- - DE-D-029     38K     575044    7827491      330          -45         554 --------------------------------------------------------------------------- - DE-D-009     38K     575004    7827523      150          -45         566 

-****-

Drill intercepts reported were not resolved into true widths, but core angles for all reported intercepts are greater than 60 degrees. While the remaining holes did not intersect significant mineralized zones, several structures containing anomalous values were encountered.

The Company's working structural model is based on the field work and drilling completed by the Company along with evidence from historic and current artisanal work. A broad Northeast/Southwest shear-zone has East/West dilational features which host the gold mineralization. Drilling so far has been localized principally on the eastern end of one mineralized dilational zone. Subsequent Phase II drilling will continue to test the dilational zone near the shear boundaries, and test the center of the dilational zone where larger tonnage potential exists. The Phase II drilling program will also test other targets along the major NE/SW regional trend, including seven separate anomalies identified in the 2006 regional geochemical studies.

Drilling is done with the Company's Atlas Copco Christensen CS14 skid mounted wireline drill. All holes are continuously cored utilizing HQ equipment through the weathered zone (approximately 10-15m), then reducing to NQ below the weathered zone.

Core is logged and saw-split at the Company's camp located near the project site. Sample intervals range from 0.40 meters to 1.5 meters. Blanks and duplicates are inserted every 25 samples. The retained core splits are securely stored at the camp, and the other splits are shipped to the Company's sample preparation facility in Antananarivo. Splits of pulverized samples are shipped to ALS Chemex Vancouver, Canada facility, an ISO accredited laboratory. Samples are subjected to fire assay for Au and 34 element ICP analysis. Sample rejects are stored at the Company's project site for future reference, required due diligence and engineering audits. Master pulps are retained at the Company's laboratory in Antananarivo.

Field operations, as well as core logging and sampling are performed by a well-qualified team of Malagasy geologists managed by Canadian Marthe Archambault, M.Sc., P.Geo., a Qualified Person who joined the Company's team in January of this year. Ms. Archambault is fluent in French and English, and has over 25 years of mineral exploration and management experience in Canada and in numerous countries of the African continent, including work on properties such as the Tabakoto Deposit in Mali, the Bibiani Deposit in Ghana and the Twangiza project in the Democratic Republic of Congo, amongst others. Total program oversight is provided by Gregory B. Sparks, P. Eng., a Director of the Company and a Qualified Person under NI 43-101. Sample preparation and assistance in establishing laboratory protocols and sample handling and assaying quality control are supervised by Ardito Martohardjono, Vice-President of Laboratory Services and a Director of the Company.

According to Irwin Olian, CEO of the Company, "We are pleased to see a continuation of high grade intersections as we move throughout the Dabolava East Zone. This will enable us to further refine our geologic model with a view toward delineating a commercial deposit. At the same time, we are aggressively continuing our broad-based regional reconnaissance program which includes both geochemical and geophysics studies. We have now identified seven other zones for potential drilling. As a result of our broad-based regional exploration, we have been able to redefine the areas of greatest opportunity in the Dabolava region and are now focused on approximately 900 sq. km. of highly prospective ground. This represents an approximate 50% reduction from the Company's initial license in the region, and is consistent with the long-term objectives of the Company."

About Pan African

The Company is an exploratory resource company with approximately 7,500 square kilometres of diversified mineral properties and 5,000 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for uranium, gold, coal, precious stones, base metals and industrial commodities. In addition, the Company is exploring two regions for gold and metals in Mozambique under agreements with other companies. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at www.panafrican.com.

 ON BEHALF OF THE BOARD OF DIRECTORS OF PAN AFRICAN MINING CORP. "Gregory B. Sparks" Gregory B. Sparks, P. Eng. Director 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.

Distributed by Filing Services Canada and retransmitted by Market Wire

 For more information, contact:  Irwin Olian President and CEO E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=DAD33A8C28D6CF73 Phone: (604) 899-0100 Fax:   (604) 899-0200  Tom Kinakin Corporate Communications - Vancouver Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=B32C5E4BD4654286 Phone: (604) 899-0100 Fax:   (604) 899-0200  Carrie Howes Corporate Communications - London Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=07E646D75990B905 Phone: +44-7780-602-788  

SOURCE: Pan African Mining Corp.

Source: MARKET WIRE

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