The Giro Gold Project covers a surface area of 610km2 and lies within the Kilo-Moto Belt in one of the world’s principal greenstone belts which hosts Randgold Resources’ multi-million ounce Kibali Gold deposits within 30km of Giro, Anglogold Ashanti’s deposits to the east, Loncore and Kilogold deposits to the south and 50Moz of gold discovered in Tanzania since 1994. To learn more about this project, please visit: http://www.panexresources.com

1. THE GIRO GOLD PROSPECT
DEMOCRATIC REPUBLIC OF CONGO
April 2014
panexresources.com
11

2. DISCLAIMER
The statements made in this presentation which are not historical facts contain certain forward-looking statements
concerning potential developments affecting the business, prospects, financial condition and other aspects of the
company to which this presentation pertains. The actual results of the specific items described in this
presentation, and the company’s operations generally, may differ materially from what is projected in such
forward-looking statements. Although such statements are based upon the best judgments of management of the
company as of the date of this presentation, significant deviations in magnitude, timing and other factors may
result from business risks and uncertainties including, without limitation, the company’s dependence on third
parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of
revenues and other factors, many of which are beyond the control of the company.
Such risks and uncertainties are described in periodic filings made by Panex Resources Inc. with United States Securities
regulators and authorities. The company disclaims any obligation to update information contained in any forward-
looking statement
panexresources.com
2

3. GIRO PROJECT - LOCATION
 Two permits covering
610 km2 (PEs 5046 &
5049) in the Moto
Greenstone Belt
 20-30km west of
Randgold’s 20 Moz Kibali
deposits
 Excellent access
(savannah vegetation)
 Good maintained road to
Kampala (Uganda) –
highly developed
 No security issues
panexresources.com
3
5049
5046
20 Moz
Giro
Permits

4. GIRO PROJECT –
ACQUISITION TERMS
 Panex to acquire 85% interest in Amani Consulting sprl
(Amani has a 65% in the Giro Project)
 Panex to issue 55% of its share capital to current
shareholders of Amani and make a payments of:
• US$100,000 two months after completion of the
DD (PAID)
• US$300,000 six months after completion of the DD
 Panex to make a payment of $5,350,000 to current
shareholders of Amani upon discovery of 3Moz @
2.5g/t Au of measured and indicated gold resources.
 Panex to fund exploration to completion of Definitive
Feasibility Study
 Panex has a first right on the remaining 10% held by
Amani
 Panex has the right to withdraw at any stage without
further obligations
panexresources.com
4

5. GIRO PROJECT
 Giro Prospect
• 2 high grade quartz veins mined by
Belgians (total length of 500m)
• Channel sampling of artisanal
workings reported 3.5m @ 36.6g/t &
8m @ 3.6g/t Au
• Completed 2,888m of RC drilling
 Tora Prospects
• 2 Belgian pits along 4km W-E structure
(Mangote & Kai-Kai)
• Historic drilling grades of 0.8m @
21.6g/t Au, 0.6m @ 31.5g/t Au, 0.35m
@ 485g/t Au
 Peteku Prospect
• Belgians mined high grade quartz vein
in granite
panexresources.com
5

6. GIRO PROJECT –
LOCAL GEOLOGY & TARGET AREAS
 5 main target areas (including Giro) along a
major NW trending structure
 Belgian and artisanal workings along 4km WE
trending structure in the north (Mangote and
Kai-Kai)
 2 targets adjacent to granite contact zones
 Same volcano-sedimentary host rocks as
20moz Kibali deposits
 Targeting broad open pittable resources
panexresources.com
6
5049
5046

7. LOCAL GEOLOGY & TARGET AREAS
panexresources.com
7
5049
5046

8. Belgian Tailings
GIRO VILLAGE
GIRO PROSPECT
panexresources.com
8

9. DRILLING AT GIRO PROSPECT
panexresources.com
9
 Drilling commenced December 2013
 57 holes completed for 2,888m
(February 2014)
 Mineralisation in 2 separate structures -
NW trending Kebigada Shear & Giro
Vein
 Significant Results – Kebigada:
 18m @ 7.8g/t Au from 31m (GRRC003)
 23m @ 2.65g/t Au from 28m
(GRRC023)
 7m @ 14.99g/t Au from 12m
(GRRC024)
 20m @ 4.15g/t Au from 17m
(GRRC030)
 Significant Result – Giro Vein
 8m @ 7.28g/t Au from 52m (GRRC036)

10. DRILLING AT GIRO
panexresources.com
10
 Mineralisation
defined over +300m
width at Kebigada
(open to N, S & E)
 Narrow high grade
mineralisation
associated with Giro
vein
 Excellent potential
for gold discovery at
open pittable
depths
Giro Vein
Kebigada
Shear zone

11. SECTION ACROSS LINE 1
panexresources.com
11

12. SECTION ACROSS LINE 2
panexresources.com
12
Line 2 section

13. TORA PROSPECT - MANGOTE & KAI-KAI
 Mineralisation focused along 4km
W-E trending shear
 Parallel to contact with West Nile
Gneiss Complex to the north
 Only quartz veins were assayed
 Wallrock channel sampling
included 11.5m @ 0.89g/t incl.
7m@ 1.12 g/t Au & 3m @
1.18g/t
panexresources.com
13

14. MANGOTE TARGET – HISTORICAL
DRILLING RESULTS
 Belgian drill results
included:
• 0.8m @ 21.6g/t Au
• 0.6m @ 37g/t Au
• 0.35m @ 485g/t Au
• 0.2m @ 85.2g/t Au
 Widths generally
<1m
 Pit mined down to
40m
panexresources.com
14

15. CONCLUSIONS
 The Giro project occurs within the same geological setting as
Rangold’s 20-milion ounce Kibali Gold deposits
 The Giro Project has excellent potential for the discovery of
one or more multi-million ounce deposits
 Panex has an experienced management team with a track
record of discovery of more than 20 million ounces of gold in
the DRC
panexresources.com
15

16. SITE PICTURES
panexresources.com
16
Ongoing drilling Repaired access road
Giro camp Core sampling

17. CONTACT
C/O CORESCO AG
Level 3, Gotthardstrasse 20
CH-6300 Zug, Switzerland
Phone: +41 41 711 02 81
Fax: +41 41 711 02 83
info@coresco.ch
panexresources.com
17