Kopex SA

Pan Asia Corporation Limited (ASX:PZC) is pleased to announce that it has entered into an arrangement for Kopex to commit a further US $1m to fund the remainder of the expanded drill program at TCM through until the completion of the final feasibility study. Completion of the final feasibility study is expected end of March 2012.

Pan Asia Corporation Limited (ASX:PZC) is very pleased to announce a preliminary JORC upgrade at its flagship TCM Coal Project in South Kalimantan, Indonesia, to 114.6 million tonnes (measured, indicated & inferred).

Pan Asia Corporation Limited (ASX:PZC) is pleased to announce that it has now executed a formal agreement with leading underground mining group KOPEX (WAR:KPX) to undertake a Final Feasibility Study on the TCM Coal Project in South Kalimantan, Indonesia.

Pan Asia Corporation Ltd (ASX:PZC) holds a 75% interest in the TCM project and commissioned KOPEX (WAR:KPX) to undertake an Independent Study on all key aspects. Based on the outcomes from the Study, the indications are that the original target, with production of at least 1.5 million saleable tonnes per annum over a 15 year period (following initial construction), is considered achievable.

A significant agreement between Pan Asia Corporation Limited (ASX:PZC) and underground coal group KOPEX (WAR:KPX), has established a world-class partnership that paves the way for accelerated development of the Company's flagship TCM coal project.

Pan Asia Corporation Limited (ASX:PZC) announced that the second phase of drilling undertaken at the Company's flagship predevelopment TCM Coal Project in South Kalimantan, Indonesia has substantially increased the Project's JORC Resource to 53.2 million tonnes comprising 22.4 million tonnes of Indicated coal resources and 30.8 million tonnes of Inferred Coal Resources.

Pan Asia Corporation Limited (ASX:PZC) are very pleased to announce the successful issuance of a Production and Operation IUP and AMDAL approval for the TCM Coal Project located in south Kalimantan, Indonesia.

Pan Asia Corporation Limited (ASX:PZC) are very pleased to announce that the Company has signed a Memorandum of Understanding ("MOU") with PT Kopex Mining Contractors ("KMC") and has also received commitments for its A$5,000,000 placement.