Pan Asia Corporation Limited (ASX:PZC) Exclusive Marketing Agreement Signed With Rockfield Resources To Sell Thermal Coal And Other Commodities

Perth, May 4, 2010 AEST (ABN Newswire) - 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 agreement's sole exclusion is coal from the TCM project, in relation to which the Company may enter into separate off-take arrangements upon completion of the Innovation West acquisition.

CEO of Rockfield Resources, Pascal Skelin said "Pan Asia is uniquely positioned to deliver much needed resources to a growing market. We are excited by what Pan Asia has to offer through the mines and exploration tenements which it stands to acquire interests in and we look forward to a long and fruitful relationship as the Company expands its capabilities. We strongly believe that with Pan Asia's 20 years plus experience in Indonesia and Asia, along with their professionalism, logistics expertise and technical skills, we will create an effective, quality controlled, long term supply chain of commodities to our global clients."

CEO Alan Hopkins added "This is a great development. It allows our Company to squarely focus on fast tracking our operations with a view to becoming a major player in the Indonesian market."

About Rockfield Resources

The principals of Rockfield have extensive experience in mergers, acquisitions and structured financing of resourcerelated opportunities as well as in the marketing of coal and ferrous and non-ferrous metals. Rockfield will focus on assisting the Company in the marketing and, where required, the financing of their projects in order to fast-track and expand production to yield further output for Rockfield's clients.

Rockfield has well-established relationships and clientele which include provincial governments, power stations, steel mills and various buyers of resources throughout China, Japan, India and Korea who have strong current demand for the Company's products.

Contact

Alan G. Hopkins Chief Executive Officer Tel: +61-8-9381-5819