Pan Asia Corporation Limited (ASX:PZC) Releases Independent Research Report

Perth, Nov 26, 2010 AEST (ABN Newswire) - Pan Asia Corporation Limited (ASX:PZC) advises that RM Research Pty Ltd (rmresearch.com.au) has prepared an Independent Research Report in relation to the Company.

A copy of the report can be found at the Company's website http://www.panasiacorp.com.au

Background

Pan Asia Corporation Limited is a rapidly growing diversified resources company primary listed on the Australian Securities Exchange and secondary listed on the Frankfurt Stock Exchange and with offices in Perth and Sydney, Australia and Jakarta, Indonesia.

The Company aims to be a major supplier of key resources into the expanding Asian markets and is well advanced with requirements for regulatory and shareholder approval for the acquisition of a number of significant coal assets in Indonesia.

The Company has entered into an agreement to acquire Innovation West Pty Ltd, which has a balanced mix of thermal coal assets in Indonesia. These assets include:

1) Projects that generate immediate cashflow (eg Nadvara)

2) A Flagship Pre Development project that has a JORC resource in South Kalimantan (TCM)

3) A Flagship Exploration project that has large tonnage potential (BCKP / SIM)

4) A Pipeline of other project opportunities covering each of the above categories.

The evaluation and development of the current suite of assets in addition to new opportunities that arise from a strong local partner network will be the foundation for the Company's aim to become a significant resource company in Asia over the coming years. An extensive international financial network provides support for the Company's rapid growth plans.

Pan Asia brings together an experienced Board and management team with a proven track record in the identification, funding and development of resources projects.

Contact

Alan G. Hopkins Chief Executive Officer Tel: +61-8-9381-5819 http://www.panasiacorp.com.au