Mr. Adrian Lamoureux reports

PAN AMERICAN ENERGY MOBILIZES FIELD CREWS TO THE THARSIS PROJECT

Mobilization is under way for Pan American Energy Corp.'s winter drilling program at the Tharsis project, located in the Northwest Territories, Canada. Mobilization activities include the movement of personnel and equipment to site, establishment of field logistics and camp services, and preparation for drilling and supporting technical work. Drilling is expected to commence following completion of site set-up and final operational readiness.

"Mobilization is an important milestone for the Tharsis project and moves us closer to the start of drilling," said Adrian Lamoureux, chief executive officer of Pan American Energy. "With access and logistics coming together, we are positioned to execute the program efficiently and take the next step in advancing the opportunity at Tharsis."

Qualified person

The scientific and technical content of this news release has been reviewed, verified and approved by Jared Suchan, PhD, PGeo, technical adviser to the company, a qualified person as defined by National Instrument 43-101.

For a discussion of the company's quality assurance/quality control and data verification procedures and processes, please see its most recently filed technical report under the company's profile at SEDAR+.

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 an up-to-100-per-cent interest in the Tharsis 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.

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