Mr. Paul Gorman reports

PAN AMERICAN ENERGY CORP. CLOSES PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$400,000

Pan American Energy Corp. has closed its previously announced non-brokered private placement for gross proceeds of $400,000.

Pursuant to the offering, the company issued five million units of the company at a price of eight cents per unit, with each unit comprising one common share in the capital of the company and one share purchase warrant of the company entitling the holder to acquire one share at a price of 12 cents per warrant share until Jan. 13, 2026. The company intends to use the net proceeds raised from the offering for general working capital purposes. All securities issued in the offering are subject to a statutory four-month-and-one-day hold period in accordance with applicable securities laws expiring on May 14, 2025.

The company also announces that it no longer intends to proceed with the previously announced settlement of $209,282.88 of debt through the issuance of 2,616,036 units of the company at the current time.

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 of 90-per-cent interest.

We seek Safe Harbor.