Mr. Warwick Smith reports

AMERICAN PACIFIC ANNOUNCES ANNUAL GENERAL MEETING RESULTS

American Pacific Mining Corp. has released the results of its annual general meeting held on June 7, 2024. All resolutions presented to the shareholders were approved with over 95 per cent of votes cast being in favour of each resolution.

As a result of the approved resolutions:

• Davidson & Company LLP, chartered professional accountants, was reappointed as auditor of the company.
• The number of directors was set at five with the following nominees elected as directors:
  • Warwick Smith;
  • Eric Saderholm;
  • Ken Cunningham;
  • Joness Lang; and
  • Ali Hakimzadeh.
• The company's stock option plan was reapproved.

Warwick Smith, chief executive officer of American Pacific, states, "We would like to thank our shareholders for their continued support and look forward to a busy exploration season at Madison and Palmer."

Drilling at Madison in Montana, United States, is under way and progressing positively. The company anticipates the program will run for approximately four more weeks, with initial assay results in Q3 2024. Exploration work at Palmer in Alaska, U.S., is now under way with drilling set to begin mid-June.

The company reports that counterparties, NewQuest Capital, principals Alistair Waddel and Caleb Stoup, to an acquisition agreement threatened to sue the company some weeks ago, claiming an entitlement to bonus shares under an acquisition agreement. Any claim to bonus shares by the counterparties is wholly without merit, and the company will vigorously defend any lawsuit should it be served with such claim.

About American Pacific Mining Corp.

American Pacific Mining is a precious and base metals explorer and developer focused on opportunities in the Western United States. The company has two flagship assets: the Palmer project, a volcanic massive sulphide-sulphate (VMS) project in Alaska, under joint-venture partnership with Dowa Metals & Mining, owner of Japan's largest zinc smelter; and the Madison project, a past-producing copper-gold project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for Deal of the Year at the S&P Global Platts Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Also, in American Pacific's asset portfolio are high-grade precious metals projects located in key mining districts in Nevada, U.S. The company's mission is to grow by the drill bit and through partnerships that provide shareholders with additional copper and gold discovery exposure.