Assignment Agreement With Amani Consulting SPRL and Burey Gold Ltd

Assignment Agreement With Amani Consulting SPRL and Burey Gold Ltd 
ZUG, SWITZERLAND -- (Marketwired) -- 05/22/14 --   Panex Resources
Inc. (the "Company", or "Panex") (OTCQB: DBGF) has signed a binding
term sheet dated May 22, 2014 with Amani Consulting SPRL ("Amani")
and Burey Gold Limited ("Burey"), an Australian listed company (the
"Term Sheet"). 
Pursuant to the terms and conditions of the Term Sheet, Panex has
agreed to assign and surrender all of the rights and interests it may
have in the share purchase agreement dated December 7, 2013 with
Amani (the "Purchase Agreement") to Burey. In addition, Panex has
agreed to assign to Burey all of its rights, title, and interest in
the loans it has provided for the purpose of funding exploration on
the Giro Project (the "Loans"). In consideration of the assignment of
all of Panex's rights and interests in the Purchase Agreement and the
Loans Burey has agreed to issue an aggregate 55,705,232 shares in the
capital of Burey to Panex, subject to all applicable regulatory and
shareholder approvals (the "Burey Shares"). 
On successful conclusion of the due diligence and regulatory
approvals, including Burey shareholder approvals, Burey will issue
the Burey Shares to Panex and will commence with the exploration and
development of the Giro Project. For more information please see the
Burey website (  
The parties to the Term Sheet have agreed that the terms and
conditions provided in the Term Sheet are binding,  
Panex is currently evaluating a number of potential exploration
properties to further benefit the current shareholders of Panex.  
Mark Gasson, Chief Executive Officer 
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
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
difficulties 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 
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
CUSIP No. 69841J 106 
Panex Resources Inc.
Mark Gasson
(+41) 41 711 0281 
Panex Resources Inc.
Ross Doyle
(+41) 41 711 0281
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