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Pan American Energy’s Collaboration with the University of Regina Receives Federal NSERC Alliance – MITACS Grant Funding Totalling $610,000

Calgary, Alberta — Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60) (“Pan American” or the “Company“) is pleased to announce the collaborative research project entitled “Geomicrobiology for Detecting Rare Metal Deposits” has been awarded $610,000 by an Alliance Advantage Grant from the Natural Sciences and Engineering Research Council of Canada (“NSERC”) combined with MITACS Accelerate funding. The research project is part of a collaboration between industry and academia, including Pan American, Integral Metals Corp., the Institute for Microbial Systems and Society (“IMSS”) at the University of Regina (“U of R”).

On June 21st, 2024, Pan American announced the completion of the Spring 2024 field prospecting and sampling program at the Big Mack Lithium Project (“Big Mack” or the “Project”), located 80 km north of the town of Kenora, Ontario. The program was led by Dr. Jared Suchan, P.Geo. (a technical consultant to the Company) and Dr. Andrew Cameron (IMSS/U of R). Eight students specializing in geosciences and biology from the U of R recorded field data across the Project area, documented site observations, tested ground water chemistry, and collected an array of samples including soil, rocks, and vegetation. Pan American intends to utilize the data collected and geomicrobiology to help generate, improve, and refine exploratory drill targets at the Big Mack. The grant funding helps to offset a significant amount of the costs to conduct the research, including costs associated with field sampling at, and assaying the samples from, the Project.

“We are thrilled that our collaborative research project on geomicrobiology has received this substantial grant from NSERC and MITACS ,” said Jason Latkowcer, CEO of Pan American. “This none-dilutive funding significantly offsets the costs associated with our field exploration and laboratory testing for geomicrobiology, providing immense value to the Company and its research partners. By integrating geomicrobiology with our existing geochemical and geophysical data, we hope to enhance our understanding of the mineralization at Big Mack and refine our exploratory drill targets with the aim of extending the extent of known mineralization at the Project. I would like to personally congratulate Dr. Cameron, Dr. Suchan and the entire team involved in this research.”

More information about NSERC’s Alliance Advantage grants can be found at https://www.nserc-crsng.gc.ca.

About IMSS

IMSS was founded in 2017 by Dr. Andrew Cameron and Dr. Christopher Yost at the University of Regina. The institute formalized functional microbial genomics research within the Faculty of Science, enhancing collaborative research activities and impact with national and international partners in industry, government, and academia. The IMSS provides access to genomic technologies combined with the exploration of new ways to integrate genomic tools into applied and discovery research. The IMSS experiments with emerging DNA sequencing technologies to develop comprehensive approaches for studying the genetic makeup, gene expression, and gene function in specific organisms and throughout microbial communities.

Qualified Person

The technical content of this news release has been reviewed and approved by Jared Suchan, Ph.D., P.Geo., who is an independent consultant of the Company, and a “Qualified Person” as defined by NI 43-101.

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 metals in North America.

The Company executed an option agreement in Canada with Magabra Resources, providing for the right to acquire up to a 90% interest in the Big Mack Lithium Project, 80 km north of Kenora, Ontario. The Company has also entered a property option agreement with Horizon Lithium LLC providing for the right to acquire a 100% interest in the Horizon Lithium Project, located within Esmeralda County – Tonopah Lithium Belt, Nevada, USA.

To register for investor updates, please visit https://panam-energy.com.

On Behalf of the Board of Directors

Jason Latkowcer
CEO & Director

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

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