Pan American Announces Private Placement for up to C$3M

Press Release

August 7, 2025

Calgary AB – Pan American Energy Corp.  (the “Company” or “Pan American”) (CSE: PNRG) (OTCQB: PAANF) (FRA: SS6) is pleased to announce that it intends to complete a non-brokered private placement of up to 4,000,000 units (“Units”), at a price of C$0.50 per Unit, and of up to 1,538,462 flow-through units (“Flow-Through Units”), at a price of C$0.65 per Flow-Through Unit, for gross aggregate proceeds of up to C$3,000,000.  Each Unit will consist of one (1) common share of the Company (each, a “Share”) and one (1) Share purchase warrant of the Company (each, a “Warrant”), with each Warrant entitling the holder to acquire one (1) Share (each, a “Warrant Share”) at a price of C$0.65 for a period of twenty-four (24) months (the “Non-Flow Through Offering“).  Each Flow-Through Unit will consist of one (1) common share intended to qualify as a “flow through share” within the meaning of the Income Tax Act (Canada) (the “Tax Act“) (each, a “FT Share”) and one (1) Warrant, with the Warrant having the same terms as described above  (the “FT Offering”, and together with the Non-Flow Through Offering, the “Offering”)).

The Company intends to use the proceeds raised from the Non-Flow Through Offering for exploration expenses in respect of the Company’s existing exploration projects and for general working capital purposes. The Company intends to use the proceeds from the sale of the FT Offering to incur “Canadian exploration expenses” that are intended to qualify as “flow-through mining expenditures” as those terms are defined in the Tax Act, which the Company intends to renounce to the initial purchasers of the FT Shares.

All securities issued in the Offering will be subject to a statutory four month and one day hold period. Closing of the Offering is subject to receipt of all regulatory approvals, including approval of the Canadian Securities Exchange. The Offering is expected to close on or about September 15, 2025.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Pan American Energy Corp.

Pan American Energy Corp. (CSE: PNRG) (OTCQB: PAANF) (FSE: SS60) 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% interest in the Big Mack Lithium Project, 80 km north of Kenora, Ontario, with the right to earn an additional 15% for a total 90% interest. Pan American has also entered into an option agreement with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis REE 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.

On Behalf of the Board of Directors

Adrian Lamoureux

CEO & Director

Contact:

Phone: (587) 885-5970

Email: info@panam-energy.com

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