PAN AFRICAN MINING CORP.

PAN AFRICAN MINING CORP. (TSX-V: PAF) (FRANKFURT: P2A) (the "Company") announces that the Arrangement Agreement dated May 9, 2008, among Asia Thai Mining Co., Ltd. ("ATM"), 0819615 B.C. Ltd. (the "Purchaser"), the Company and African Queen Mines Ltd.

PAN AFRICAN MINING CORP. (the "Company") (TSX-V: PAF) (FRANKFURT: P2A)announces that it has now received independent Technical Reports in accordance with N.I. 43-101 on its Okavango and Tsau diamond projects in Botswana. The reports were prepared by Dr. Peter A.

Pan African Mining Corp.

Pan African Mining Corp. (the "Company") (TSX-V: PAF) (FRANKFURT: P2A) announces that it has entered into a Market Purchase Consent Agreement (the "Consent Agreement") with 0819615 B.C. Ltd. (the "Purchaser"), a wholly owned subsidiary of Asia Thai Mining Co., Ltd.