Mr. Jason Latkowcer reports

PAN AMERICAN ANNOUNCES UPLISTING ON THE OTCQB

Pan American Energy Corp. has successfully upgraded from the Pink Open Market to the OTCQB Venture Market.

The company's common shares started trading on the OTCQB Venture Market under the symbol PAANF as of the opening of the market on Dec. 21, 2023. The company's common shares will continue to trade on the Canadian Securities Exchange under the symbol PNRG and the Frankfurt Stock Exchange under the symbol SS60.

Pan American Energy chief executive officer Jason Latkowcer commented: "We believe that uplisting to the OTCQB is an ascent towards greater capital markets visibility and will open doors to a wider audience in the United States. This milestone is a testament to our commitment to growth and accessibility, and we are excited by the opportunity to foster greater awareness amongst investor communities."

The OTCQB Venture Market, operated by OTC Markets Group Inc., is a market designed for developing and entrepreneurial companies in the United States and abroad. To be eligible for trading on the OTCQB Venture Market, companies must: be current in their financial reporting with the United States Securities and Exchange Commission; pass a minimum bid price test; maintain audited financials through a PCAOB-registered (Public Company Accounting Oversight Board) firm; and undergo company verification and management certification on an annual basis.

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.

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