SOURCE: Pan African Mining Corp.

February 23, 2007 13:12 ET

Pan African Mining Corp. Promotes Key Malagasy Executives Ramboasalama and Rakotomalala With Expanded Duties

VANCOUVER, BC -- (MARKET WIRE) -- February 23, 2007 -- PAN AFRICAN MINING CORP. (TSX-V: PAF) (FRANKFURT: P2A) (the "Company") is pleased to announce that it has promoted Mr. Fafah Ramboasalama to the newly created position of Southern Africa Regional Manager, at the same time as he retains his local position as Resident Manager in Madagascar. In addition, Mr. Olivier Rakotomalala has been promoted to Associate Resident Manager in Madagascar, while also retaining his position as Technical Director.

This restructuring of management responsibilities reflects the rapid growth now taking place within the Company as a result of expansion of the Company's programs onto the African continent. In addition to five projects across the mineral spectrum in development in Madagascar, the Company now has two active gold projects in Mozambique and diamond permits pending in Botswana and Namibia.

Mr. Ramboasalama is an Environmental Engineer who has overseen a wide variety of projects in Madagascar in both the public and private sectors, with over 8 years' experience in rural agricultural development and environmental management. He has also served as the National Program Director of Masoala National Park, Madagascar's largest nature reserve. In addition, he worked for 3 years with the Financial Company for Industry and Trade (COFIC), where he was responsible for developing agri-business investment projects, and for CARE International, the well-known NGO. Mr. Ramboasalama has extensive experience in designing and managing environmental and natural resource programs and other community development activities. He received his Bachelors degree in Agronomics from the University of Antananarivo, in Madagascar. He has served as the Company's Resident Manager in Madagascar for the past four years.

Working closely with him is Olivier Rakotomalala, a Civil Engineer who is among Madagascar's leading GIS experts with over 10 years' experience in design, implementation and exploitation of geographic databases. These skills are invaluable in connection with the Company's mining exploration activities. His prior experience includes a position with The National Geographic Institute of Madagascar, where he was responsible for acquisition and management of data from surveying, aerial photography, remote studies and the like. He also worked for several years for CARE International, where he was responsible for designing, monitoring and evaluating social and economic development projects of that organization. He joined the Company in 2003 as its Technical Director and has overseen the Company's mining claims acquisition and management of its properties in Madagascar. Mr. Rakotomalala received his B.Sc. degree in Geography from the National Geographic School of Paris, and subsequently got his Civil Engineering diploma from the Polytechnical School of the University of Antananarivo.

According to Irwin Olian, CEO of the Company, "Fafah and Olivier have contributed greatly to our success in Madagascar, and it is a pleasure to see them taking on more responsibility. They have exhibited professionalism, integrity, good judgment and a strong work ethic, qualities that will enable them to continue to take a leadership role within our organization and within the mining industry in Africa. Pan African is committed to providing opportunities for all our Malagasy staff to experience strong career development, with appropriate rewards in terms of growth in responsibility, visibility, remuneration, discretion and skills. It is very gratifying to see this personal growth within our own staff, which will help ensure the long-term success of our organization."

About Pan African

The Company is an exploratory resource company with approximately 10,000 square kilometres of diversified mineral properties and 5,500 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for gold, coal, uranium, precious stones, base metals and industrial commodities. In addition, the Company is exploring two properties for gold and metals in Mozambique under a Joint Venture. 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.

"Irwin Olian"
Irwin Olian
Chairman & CEO

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.

Contact Information

  • For more information, contact:

    Irwin Olian
    President and CEO
    E-mail: Email Contact
    Phone: (604) 899-0100
    Fax: (604) 899-0200

    Tom Kinakin
    Corporate Communications - Vancouver
    Email: Email Contact
    Phone: (604) 899-0100
    Fax: (604) 899-0200

    Carrie Howes
    Corporate Communications - London
    Email: Email Contact
    Phone: 7780-602-788

    Pan African Mining Corp.
    Suite 1925, Box 11553
    650 West Georgia Street
    Vancouver, BC
    V6B 4N8