Mr. Joseph van den Elsen reports

PAMPA METALS ENGAGES DRILL CONTRACTOR AT PIUQUENES

Pampa Metals Corp. has engaged Conosur Drilling SA, an Argentine drilling company with significant experience operating in San Juan, for the 2024/2025 field season at the Piuquenes copper-gold (Cu-Au) porphyry project.

During the 2024/2025 field season, the company will more fully delineate the size and grade potential of the first deposit at Piuquenes Central, where the company recently reported 801 metres (m) at 0.40 per cent Cu, 0.51 gram per tonne (g/t) Au and 2.87 g/t silver (Ag), including 518 m at 0.53 per cent Cu, 0.73 g/t Au and 3.45 g/t Ag. Concurrently, the company will drill test a second undrilled, outcropping porphyry at Piuquenes East and advance several other targets across the recently expanded property through surface exploration and possibly geophysics, with a view to defining additional drill targets.

On-ground preparatory works are nearing completion and drilling will shortly commence.

About Pampa Metals Corp.

Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt Stock Exchange and OTC Markets.

In November, 2023, the company announced it had entered into an option and joint venture agreement for the acquisition of an 80-per-cent interest in the Piuquenes copper-gold porphyry project in San Juan province, Argentina.

We seek Safe Harbor.