Mr. Adrian Lamoureux reports

PAN AMERICAN ANNOUNCES EXTENSION TO MARKETING PROGRAM

Pan American Energy Corp., further to its news release on Sept. 5, 2025, and Jan. 9, 2026, is extending its engagement of Upswitch Media Corp. (e-mail: info@upswitchmedia.com; phone number: 604-373-5875; address: 2709B 43rd Ave., Suite 1013, Vernon, B.C.) for the provision of marketing services for an additional anticipated period of 60 days commencing on or about Feb. 9, 2026, provided that the term of the marketing services may be extended or shortened at the discretion of management.

Upswitch's services are expected to include the creation of ad content and campaigns to raise awareness of the company, provision of translation services, management of ad campaigns with publishers, and overseeing of the execution of services through testing and analytic studies. These services are expected to occur through various online communications channels, including within the news and investment community, and, where applicable, may also include print publications. The company will pay a fee of $300,000 for the services. The company will not issue any securities to Upswitch as compensation for its marketing services. As of the date hereof, to the company's knowledge, Upswitch (including its directors and officers) does not own any securities of the company and is arm's length with the company.

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 and critical 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., with the right to earn an additional 15 per cent for a total 90-per-cent interest. Pan American has also entered into an option agreement with Northern Critical Minerals Corp. to acquire up to a 100-per-cent interest in the Tharsis REE (rare earth element) project, located in the Northwest Territories. The project hosts the Squalus Lake alkaline complex, a Proterozoic-age carbonatite-bearing intrusion prospective for rare earth and high-field-strength elements.

We seek Safe Harbor.