The number of senior mining executive resignations continues to escalate and has most recently spread into the junior/medium level sector.

Pan African Resources’ Jan Nelson has resigned as CEO of the company and as a member of the board of directors, with effect from 1 March 2013. This comes as a surprise considering the acquisition of Evander from Harmony Gold was just concluded. Nelson‘s vision for the mine was significant and full of potential and he will no longer be a part of tapping into that potential and realising its value.

Nelson has also been incremental in achieving significant growth for the company, having overseen the successful delivery of the Phoenix platinum-from-chrome tailings recovery plant as well the Barberton Tailings Reclamation Plant project which is progressing well.

Nelson‘s advice remains available to the company and he remains a director of Auroch Minerals, the Manica gold project holding company.

The board has appointed Ron Holding and Cobus Loots as joint interim CEOs, until a successor is appointed. Holding is currently the COO of Pan African Resources and has been an employee of Phoenix Platinum Mining and Pan African since 2001. Mr Loots is the former CFO of Pan African and has been a director of the company since 2009.

We appreciate Jan’s significant contribution to the transformation and growth of Pan African and particularly in respect of the successful acquisition of Evander Gold Mines. The board wishes him all the best with his future endeavours, says Keith Spencer, chairman of the board.

I thank the board for its good wishes and am proud to leave the company following the successful achievement of such a significant milestone. I believe Evander will contribute significantly to Pan African‘s medium to long term growth and my best wishes accompany all the staff and other stakeholders in Pan African.

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