FOR IMMEDIATE
RELEASE February 23,
2007
TSX.V: PAF
FRANKFURT:
P2A PAN AFRICAN MINING CORP.
PROMOTES KEY MALAGASY EXECUTIVES RAMBOASALAMA AND
RAKOTOMALALA WITH EXPANDED
DUTIES VANCOUVER, British Columbia
– PAN AFRICAN MINING
CORP.
(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 For
more information,
contact: | Irwin
Olian,
President and CEO E-mail:
tigertail@panafrican.com Phone: (604)
899-0100 Fax: (604)
899-0200 | Tom Kinakin, Corporate Communications
– Vancouver Email:
tom@panafrican.com Phone: (604)
899-0100 Fax:
(604) 899-0200 |
| Carrie
Howes,
Corporate Communications –
London Email:
carrie@panafrican.com
Phone:
+44-7780-602-788 |
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.
Regards,
Wilma
McKenzie
Project Coordinator
Pan African
Mining Corp.
WILMA@PANAFRICAN.COM |