Abstract: A safety panel assembly for covering the walls or floors of areas such as playgrounds and the like is formed with a rigid planar carrier element having a spaced resilient covering element mounted thereto. The carrier element has recesses into which mounting projections integrally formed on the covering element extend. A hardened binder material locks the mounting projections in place and a plurality of spacer elements or ribs abut the rigid carrier element to provide hollow spacing between the elements and to insure a cover panel assembly exhibiting sufficient resiliency upon impact.