Mr. Jason Latkowcer reports

PAN AMERICAN ENERGY ANNOUNCES RESEARCH COLLABORATION WITH THE UNIVERSITY OF REGINA, INCLUDING INVESTIGATION OF GEOMICROBIOLOGY FOR IDENTIFYING DRILL TARGETS AT THE BIG MACK LITHIUM PROJECT

Pan American Energy Corp. is collaborating with the University of Regina with respect to its research project, entitled "Geomicrobiology for detecting rare metal deposits." As part of the collaboration, the Company is planning a comprehensive field prospecting and sampling program utilizing eight students specializing in geosciences from the U of R at the Big Mack Lithium Project ("Big Mack" or the "Project"), including the planned collection of soil microbiology, soil chemistry, rock chemistry, ground water chemistry, soil mineralogy, environmental DNA, and vegetation biochemistry using the base layer of magnetics collected by the Company in 2023. Laboratory analyses will be conducted by Dr. Cameron and his team in the Institute for Microbial Systems and Society at the U of R as well as by the Saskatchewan Research Council, with the intent of using geomicrobiology to help generate drilling targets at Big Mack. The research project is currently under review by the Natural Sciences and Engineering Research Council of Canada ("NSERC") for a grant under the Alliance Grants - Mitacs Accelerate project to support sampling, DNA sequencing, and analyses.

Geomicrobial survey is an emerging technology that seeks to detect subsurface deposits by identifying and enumerating microbial species in soil samples. Geomicrobiology is intended to complement existing geochemical and geophysical exploration by observing how microbial communities in shallow soil are shaped by the geological formation below. Microbial community profiling can then be used as additional information in drill target selection. At Big Mack, samples will be taken at areas of known mineralization to observe the specific microbial species and the structure of microbial communities. Sampling will begin at the Big Mack Pegmatite and work outwards to other areas of the Property, making use of the drilling data generated by the Company in its 2023/2024 drilling program at Big Mack to correlate samples with areas of detected mineralization (Fig. 1). The intent of the program is to detect relationships between the microbial communities at the Project and the features of the surrounding geology which can be integrated into exploration models and inform drill target selection.

Figure 1. Proposed sample locations for Big Mack.

Jason Latkowcer, Chief Executive Officer, stated "We are thrilled to announce our partnership with Dr. Cameron, the Institute for Microbial Systems and Society, and the U of R. We believe geomicrobiology could play a valuable role in helping to detect rare metal deposits, particularly when paired with conventional sampling techniques. This field program will be the most comprehensive of its kind at the Big Mack Lithium Project, and we expect to benefit from improved drill targeting while contributing to the advancement of Canadian intellectual property. I'd like to thank our technical advisor, Jared Suchan, P.Geo, PhD., for identifying and coordinating this unique opportunity."

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

About the Institute of Microbial Systems and Society

The Institute for Microbial Systems and Society ("IMSS") was founded in 2017 by Dr. Andrew Cameron and Dr. Christopher Yost at the University of Regina. The institute formalized functional microbial genomics research within the Faculty of Science, enhancing collaborative research activities and impact with national and international partners in industry, government, and academia. The IMSS provides access to genomic technologies combined with the exploration of new ways to integrate genomic tools into applied and discovery research. The IMSS experiments with emerging DNA sequencing technologies to develop comprehensive approaches for studying the genetic makeup, gene expression, and gene function in specific organisms and throughout microbial communities.

Qualified Person

The technical content of this news release has been reviewed and approved by Jared Suchan, Ph.D., P.Geo., who is an independent consultant of the Company, and a "Qualified Person" as defined by NI 43-101.

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.

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