Mr. Jason Latkowcer reports

PAN AMERICAN ANNOUNCES $900,000 CHARITY FLOW THROUGH OFFERING

Pan American Energy Corp. intends to complete a non-brokered charity flow-through private placement of common shares of the company (CS) at a price of 66 cents per CS for aggregate gross proceeds of up to $900,000.

The gross proceeds of the FT offering will be used by the company to incur eligible Canadian exploration expenses that are intended to qualify as flow-through critical mineral mining expenditures, as such terms are defined in the Income Tax Act (Canada) related to the company's Big Mack lithium project. Subject to compliance with the policies of the Canadian Securities Exchange (CSE) and applicable securities legislation, the company may pay finder's fees in connection with the FT offering. The CS issued under the FT offering are intended to qualify as flow-through shares within the meaning of the Income Tax Act (Canada).

The company anticipates closing of the FT offering to occur on or about Dec. 29, 2023. Closing of the FT offering is subject to the company's receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange. The securities issued pursuant to the FT offering will be subject to a four-month hold period from the closing date.

About Pan American Energy Corp.

Pan American Energy is an exploration-stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery metals in North America.

The company executed an option agreement in Canada with Magabra Resources, providing for the right to acquire up to a 90-per-cent interest in the drill-ready Big Mack lithium project, 80 kilometres north of Kenora, Ont. The company has also entered a property option agreement with Horizon Lithium LLC providing for the right to acquire a 100-per-cent interest in the Horizon lithium project, located within Esmeralda county, Tonopah lithium belt, Nevada, United States.

We seek Safe Harbor.