Panex Announces Capital Raising

Panex Announces Capital Raising 
ZUG, SWITZERLAND -- (Marketwire) -- 01/23/13 -- Panex Resources Inc.
(the "Company," or "Panex") (OTCQB:DBGF) (FRANKFURT:D1Q), is pleased
to announce that it intends to raise capital via the issuance of
approximately 200,000,000 shares at $0.005 cents per share.  
The majority of funds will be used towards the Due Diligence and
Acquisition of the Giro licenses announced on 14th January 2013.  
The Giro Projects are located within thirty kilometers to the west of
Randgold Resources' multi-million ounce Kibali Gold deposits. Both
projects occur within the Kilo-Moto Belt in one of the world's
principal greenstone belts which hosts Anglogold Ashanti's deposits
to the east, Loncore and Kilogold deposits to the south and 50Moz of
gold discovered in Tanzania since 1994.  
The Giro Project area is underlain by highly prospective
volcano-sedimentary lithologies in a similar structural and
lithological setting as the Kibali gold deposits. Both primary and
alluvial gold was mined from two main areas, the Giro and Tora areas,
during Belgian rule and today these areas are mined extensively by
artisanal miners.  
The Company is targeting broad mineralised shear structures with
excellent potential to host multi-million ounce gold resources from
surface from at least 5 target areas within the project. 
ON BEHALF OF PANEX 
Klaus Eckhof, Director 
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS  
This press release contains statements that plan for or anticipate
the future, called "forward-looking statements." In some cases, you
can identify forward-looking statements by terminology such as "may,"
"will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of those terms and other comparable
terminology.  
These forward-looking statements appear in a number of places in this
press release and include, but are not limited to, statements about:
our market opportunity; revenue generation; our strategies;
competition; expected activities and expenditures as we pursue our
business plan; the adequacy of our available cash resources; our
ability to acquire properties on commercially viable terms;
challenges to our title to our properties; operating or technical
diffi
culties in connection with our exploration and development
activities; currency fluctuations; fluctuating market prices for
precious and base metals; the speculative nature of precious and base
metals exploration and development activities; environmental risks
and hazards; governmental regulations; and conduct of operations in
politically and economically less developed areas of the world.  
Many of these contingencies and uncertainties can affect our actual
results and could cause actual results to differ materially from
those expressed or implied in any forward-looking statements made by,
or on behalf of, us. Forward-looking statements are not guarantees of
future performance. All of the forward-looking statements made in
this press release are qualified by these cautionary statements.
Specific reference is made to our most recent annual report on Form
10KSB and other filings made by us with the United States Securities
and Exchange Commission for more detailed discussions of the
contingencies and uncertainties enumerated above and the factors
underlying the forward-looking statements. These reports and filings
may be inspected and copied at the Public Reference Room maintained
by the U.S. Securities and Exchange Commission at 100 F Street, N.E.,
Washington, D.C. 20549. You can obtain information about operation of
the Public Reference Room by calling the U.S. Securities and Exchange
Commission at 1-800-SEC-0330. The U.S. Securities and Exchange
Commission also maintains an Internet site that contains reports,
proxy and information statements, and other information regarding
issuers that file electronically with the U.S. Securities and
Exchange Commission at http://www.sec.gov.  
We disclaim any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except to the extent required by
applicable laws.  
This press release is for informational purposes only and is not and
should not be construed as an offer to solicit, buy, or sell any
security.  
CUSIP No.  69841J 106
Contacts:
Panex Resources Incorporation
Klaus Eckhof or Ross Doyle
(+41) 41 711 0281
info@coresco.ch 
Panex Resources Incorporation
C/- Coresco AG,
Level 3, Gotthardstrasse 20
6304 Zug, Switzerland
www.panexresources.com