February 5, 2008

Vancouver, British Columbia — PAN AFRICAN MINING CORP. (the “Company”)is pleased to announce that results of its extensive regional geochemical sampling program undertaken in 2007 have now been received from ALS Laboratories and confirm existence of the gold-bearing trend to at least 8.5 km on its Mountain of Gold Project. The project is situated in the Dabolava area, 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.

Results from an extensive surface sampling campaign along the regional trend have to date returned 70 samples over 0.5 g/t Au, with 24 samples greater than 3.0 g/t Au. These include 12 panel samples between 5 and 10 g/t Au, one grab sample at 14.3 g/t and another grab sample at 71.6 g/t Au. The Company’s focus during the current Phase 2 exploration and drilling program has been to develop a better understanding of the complex structural model controlling location of the high-grade gold bearing structures within the region. Specifically, we set out to identify additional zones similar to Dabolava East and to corroborate targets with strong geophysics signatures generated in our ground geophysics work, which included an induced polarization study over key targets in the regional trend. Following the structural interpretation of the successful induced polarization survey recently conducted, combined with prospecting and geological mapping, the Mountain of Gold Trend can now be followed over a strike-length of at least 8.5 km towards the west. The trend (shear zone) consists of numerous subparallel gold-bearing shears over a width averaging 50 metres, with an additional strong parallel structure a further 30 metres to the south which is interpreted as the extension of the Andimaka Trend. Another similar structure, the Morataitra Trend, is shaping up approximately 1 kilometre to the south. It can be followed over a strike length of 4 km so far. These trends are illustrated on the maps posted on our website.

The surface sampling of the individual structures within the regional trends is ongoing and additional results are pending. Numerous diamond drilling targets have been generated.

TABLE OF SELECTED SURFACE SAMPLE RESULTS

The Company is planning an aggressive diamond drilling campaign to test these newly identified targets as well as to continue the delineation of the Dabolava-East Zone using its own Atlas Copco CS14 skid mounted wireline drill. Drilling of the Dabolava-East zone is presently under way. Further drilling along the Mountain of Gold Trend is scheduled to start in several months.

The Mountain of Gold Project is being managed by Canadian Marthe Archambault, P.Geo., with total program oversight provided by Gregory B. Sparks, P. Eng., a Director of the Company. Both are Qualified Persons 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, “These exceptional surface sample results give great encouragement to the potential for discovering further gold deposits along trend throughout the region. Of particular significance is the fact that a number of these strong geochemical targets coincide with strong geophysics targets in the immediate vicinity of the Mountain of Gold. Core drilling is under way and will continue all year on the project.”

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

Irwin A. Olian
Chief Executive Officer

For Further Information, Contact:

Irwin Olian
President and CEO
Phone: (604) 899-0100
Fax: (604) 899-0200
tigertail@panafrican.com

Tom Kinakin
Corporate Communication - Vancouver
Phone: (604) 676-8671
Fax: (604) 899-0200
tom@panafrican.com

Carrie Howes
Corporate Communications – London - Dusseldorf
London Phone: +44-7780-602-788)
Germany Phone: +49 (0) 1722 1234 47
carrie@panafrican.com

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.