Mr. Jason Latkowcer reports

PAN AMERICAN ENERGY'S COLLABORATION WITH THE UNIVERSITY OF SASKATOON RECEIVES FEDERAL NSERC FUNDING

Pan American Energy Corp. is collaborating with the University of Saskatoon to support the research project titled "Synchrotron Characterization on the Surface Chemistry of Spodumene and Other Lithium Silicates: Toward Efficient and Sustainable Development of Canadian Lithium Pegmatites," along with Rock Tech Lithium Inc. and Newpath Resource Inc. The research aims to improve recovery and extraction of lithium in pegmatite ores for green energy technologies.

The research project is being supported by the Alliance Missions Grants for Critical Minerals Research from the Natural Sciences and Engineering Research Council of Canada ("NSERC"). NSERC has agreed to provide $770,498 over a 3-year research period commencing March 31, 2024, with a final report date expected in May, 2027. In addition to the U of S, the Metis Nation of Ontario, the Saskatchewan Research Council and the Canadian Light Source are supporting collaborators on the project. Pan American has agreed to provide data, resources, samples, and advisory services to support the research proposal and, once complete, intends to investigate methods of incorporating the resulting research into development and commercialization plans.

"Innovation and collaboration is sewn into our Company's fabric," said Jason Latkowcer, CEO of Pan American Energy. "We are excited by the work that Dr. Yuanming Pan and his team of collaborators are undertaking and the results that they are hoping to achieve. Through our in-kind contributions, allowing the U of S, the Metis Nation of Ontario, Canadian Light Source, and the Saskatchewan Research Council full access to the historic and recent drill core materials from the Big Mack Lithium Project, we hope to help allow Dr. Pan establish an innovative 3D model for the distribution, chemistry and crystal morphology of petalite in the pegmatites at the Big Mack Lithium Project. Together, with the support of NSERC, we are helping to build a strong, globally-competitive research and innovation system in Canada for the development of infrastructure which supports green energy technologies as the world stives toward a low-carbon economy."

More information about NSERC's Alliance Mission grants can be found at https://www.nserc-crsng.gc.ca.

About Pan American Energy Corp.

Pan American Energy Corp. (CSE: PNRG) (OTCQB: PAANF) (FSE: SS60) 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% interest in the Big Mack Lithium Project, 80 km north of Kenora, Ontario. The Company has also entered a property option agreement with Horizon Lithium LLC providing for the right to acquire a 100% interest in the Horizon Lithium Project, located within Esmeralda County - Tonopah Lithium Belt, Nevada, USA.

We seek Safe Harbor.