Mr. Adrian Lamoureaux reports

PAN AMERICAN ENERGY ANNOUNCES DEBT SETTLEMENT TRANSACTIONS

Pan American Energy Corp. has entered into debt settlement agreements with certain creditors of the company pursuant to which the company has agreed to issue to the creditors, and the creditors have agreed to accept, an aggregate of 2,205,841 common shares in the capital of the company, at a deemed value of 20 cents per settlement share, in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $441,168.50.

All securities to be issued pursuant to the debt settlement transactions will be subject to a statutory hold period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities legislation. The debt settlement transactions, including the issuance of the securities contemplated thereby, are subject to the approval of the Canadian Securities Exchange.

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.