The Board of Directors of Panex Resources Inc. announced the appointment of Mr. Mark Gasson as Chief Executive Officer and President. Mr. Gasson replaces Mr. Eckhof who will retain his position as non-executive Director. Mr. Gasson is a geologist with more than 25 years of experience developing mineral deposits throughout the globe including Africa.

He has held senior positions with a number of Australian and international mining companies operating in Africa. His most recent position was Managing Director of Erongo Energy Limited and he was previously the Exploration Manager-East Africa for Gallery Gold Limited and the Executive Director of Exploration for Tiger Resources Limited.