Calgary, Canada, June 17, 2013 - Gondwana Gold Inc. (TSXV:PAO) ("Gondwana" or the "Company") is pleased to announce that it has changed its name from "Gondwana Gold Inc." to "Pan African Oil Ltd.", reflecting the Company's change to an oil and gas company in March 2013. The Company's TSX Venture Exchange ("TSXV") stock symbol remains "PAO". Shareholder approval for the name change was obtained at the Company's annual and special meeting held on June 10, 2013. The common shares of the Company will commence trading under the new name on the TSXV at market open on June 18, 2013.

For further information, please contact:

Pan African Oil Ltd.

Gary Wine

Phone: 1(587)353-2205

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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