Pan American Energy Closes Private Placements for Gross Proceeds of Approximately $1.02M

Press Release

March 19, 2025

Calgary, Alberta — Pan American Energy Corp. (CSE: PNRG | FRA: SS60) (“Pan American” or the “Company”) announces that it has closed its previously announced non-brokered private placement financing (the “Common Share Private Placement”) of 4,350,000 common shares in the capital of the Company (the “Common Shares”) at a price of C$0.18 per Common Share for aggregate gross proceeds of C$783,000 and the concurrent non-brokered private placement financing (the “Warrant Private Placement” and, together with the Common Share Private Placement, the “Private Placements”) of 4,850,000 common share purchase warrants (each, a “Warrant”) at a price of C$0.05 per Warrant for aggregate proceeds of C$242,500. Each Warrant issued pursuant to the Warrant Private Placement entitles the holder thereof to purchase a common share in the capital of the Company at an exercise price of C$0.18 until March 19, 2027.

The net proceeds of the Private Placements are intended to be used for exploration activities at the Company’s Big Mack Property, for general administrative expenditures and for general working capital purposes.

In accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Common Shares issued under the Common Share Private Placement were offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106 (the “LIFE Exemption”). Because the Common Share Private Placement was completed pursuant to the LIFE Exemption, the Common Shares issued to subscribers in the Common Share Private Placement are not subject to resale restrictions in accordance with applicable Canadian securities laws. The Warrants issued pursuant to the Warrant Private Placement (and, to the extent that any Warrants are exercised before July 19, 2025, any common shares issued upon the exercise of such Warrants) will be subject to a hold period until July 19, 2025 pursuant to applicable Canadian securities laws.

There is an offering document dated February 4, 2025 (as amended on February 24, 2025) related to the Common Share Private Placement that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.panam-energy.com. This offering document contains additional detail regarding the Common Share Private Placement, including additional detail regarding the expected use of proceeds from the Private Placements.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Pan American Energy Corp.

Pan American Energy Corp. (CSE: PNRG) (FSE: SS60) is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery 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. The Company can earn an additional 15% interest in Big Mack, for a total of 90% interest.

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On Behalf of the Board of Directors
Adrian Lamoureaux
Chief Executive Officer

Contact
Phone:(587)885-5970
Email: info@panam-energy.com

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