Pan Asia Corporation Limited

Pan Asia Corporation Ltd (ASX:PZC) are very pleased to announce the deepening of the Company's relationship with Zhongding International Engineering Co Ltd ("ZIEC") and the Jiangxi Provincial People's Government through the Company's resigning of a Memorandum of Understanding ("MOU") with senior ZIEC executives in the presence of the Governor of Jiangxi last week. The resigning occurred at a major materials and energy fair held by the Jiangxi government, at which the Company's executives were among the honoured guests.

The Directors of Pan Asia Corporation Ltd (ASX:PZC) are very pleased to announce that the Company has now closed its A$5,000,000 placement fully subscribed. The raising of this sum will provide the Company with funds to invest in further promising projects, including the Nadvara and Perdama Maju Utama projects in East Kalimantan.

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.

Pan Asia Corporation Limited (ASX:PZC) are very pleased to announce the signing of a Memorandum of Understanding ("MOU") between PT TransCoal Minergy ("PT TCM") and Zhongding International Engineering Co Ltd ("ZIEC") covering the TCM coal project in South Kalimantan, Indonesia.

Pan Asia Corporation Limited (ASX:PZC) are very pleased to announce the maiden resource statement, reported in accordance with the JORC Code, for the TCM Coal Project located in South Kalimantan, Indonesia.

Pan Asia Corporation Limited (ASX:PZC) are pleased to announce that the Company has entered into an exclusive agreement with Rockfield Resources ("Rockfield") to market and sell thermal coal and other commodities on behalf of the Company.

The Directors of Pan Asia Corporation Limited (ASX:PZC) are pleased to announce that both the Company's international shareholder base and the interest of international investors in the Company have significantly increased over the course of the past few months.

The Directors of Pan Asia Corporation Ltd (ASX:PZC) are delighted to advise that the Legal and Technical Due Diligence of the key Nadvara ("NAD") and Perdana Maju Utama ("PMU") projects (the "Stage 1 RRI Assets") has been completed with highly positive results.

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Pan Asia Corporation Limited (ASX:PZC) Project portfolio has been significantly upgraded and improved following ongoing legal due diligence and negotiations. New heads of agreement has been signed with Innovation West Pty Ltd ("IW") to cover the improved project portfolio. Legal due diligence progressing to plan with results received on the significant assets within the improved project portfolio.