Mr. Paul Gorman reports

PAN AMERICAN ENERGY ANNOUNCES PROPOSED SHARE CONSOLIDATION

Pan American Energy Corp.'s board of directors has approved a consolidation of the common shares of the company on a one-for-10 basis. The company currently has 105,979,236 common shares outstanding, and, if completed, the proposed consolidation would reduce the number of issued and outstanding common shares to approximately 10,597,923.

The company will issue a subsequent news release following its filing of all necessary documentation with the Canadian Securities Exchange in respect of the proposed consolidation, announcing the effective date of the proposed consolidation, the new Cusip and ISIN for the consolidated common shares, and any other relevant details regarding the proposed consolidation. No fractional common shares will be issued as a result of the proposed consolidation. Any fractional common shares resulting from the proposed consolidation will be rounded up in the case of a fractional interest that is one-half of a common share or greater, or rounded down in the case of a fractional interest that is less than one-half of a common share, to the nearest whole number of common shares, and no cash consideration will be paid in respect of fractional common shares rounded down to the nearest whole common share.

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 has executed an option agreement in Canada with Magabra Resources, pursuant to which it has acquired a 75-per-cent interest in the Big Mack lithium project, 80 kilometres north of Kenora, Ont. The company can earn an additional 15-per-cent interest in Big Mack, for a total 90-per-cent interest.

We seek Safe Harbor.