Panex Resources Inc.

ZUG, SWITZERLAND--(Marketwired - Oct 22, 2013) - Panex Resources Inc. (the "Company," or "Panex") (OTCQB:DBGF), is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Amani Consulting SPRL currently in Joint Venture with state entity La Société Minière de Kilo Moto (Sokimo) to acquire a 55% interest in Giro Goldfields SPRL (Giro). Amani has a 65% interest and Sokimo has a 35% free carried interest in Giro which is comprised of two exploitation permits, PE's 5046 and 5049, covering a surface area of 610sqkm. The permits lie within 20 - 30km west of Randgold/Ashanti's 20Moz Kibali gold deposits. The Company also intends to raise capital via the issuance of approximately 500,000,000 shares at $0.0... [...]