PAN AMERN ENERGY CORP - PAANF STOCK NEWS

Pan American Energy Corp. (OTC PINK: PAANF) announced the completion of drill trail repairs on its Big Mack Property, enhancing access for trucks and drilling rigs. This infrastructure development marks the first on-site advancement and ensures safer operations for exploration. The company has renewed its mining lease until 2042, while an updated exploration and closure plan is underway. A drilling program, exceeding 5,000 meters, is expected to commence soon, focusing on the Big Mack and Eleven Zone surface exposures.

Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) announces the appointment of William Gibbs to its Board of Directors, effective November 10, 2022. Gibbs brings over 17 years of experience in oil, gas, and mining sectors, aiming to enhance the North American lithium supply chain. Concurrently, Eli Dusenbury steps down from the Board. Additionally, Foster Wilson joins as an advisor to support geological exploration. The company granted stock options and restricted share rights to Gibbs and other consultants, signaling confidence in future growth.

Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) has partnered with RESPEC Consulting Inc. to develop drilling plans and permit applications for the Horizon Lithium Project near Tonopah, Nevada. This collaboration aims to enhance battery metal resources, aligning with U.S. supply chain needs. The Project includes 839 mining claims covering approximately 17,334 acres, and aims to support domestic lithium production. Pan American holds a 100% interest in the Green Energy Lithium Project and is also pursuing options for the Big Mack Lithium Project in Ontario.

Pan American Energy Corp. announced on October 10, 2022, that its common shares began trading on the Frankfurt Stock Exchange (FSE) under the symbol 'SS6'. The CEO, Jason Latkowcer, highlighted that this listing broadens access to European capital markets, potentially increasing the shareholder base and liquidity. The company's shares are also cross-listed on the Canadian Stock Exchange and OTC PINK. Pan American focuses on acquiring and developing mineral properties, with notable projects including the Green Energy Lithium Project in Utah and the Big Mack Lithium Project in Ontario.

Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) has entered into an Option Agreement with FMS Lithium Corporation and Horizon Lithium LLC to acquire a 100% interest in the Horizon Lithium Property in Nevada. This property covers approximately 17,334 acres with 839 mining claims, strategically located near significant lithium projects. The acquisition will involve a series of cash payments and share issuances, totaling over US$6 million, contingent upon certain exploration milestones. This agreement positions Pan American to expand its footprint in a prime lithium mining area.

Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) has signed a Master Services Agreement with RESPEC Consulting Inc. to advance its Green Energy Lithium Project in the Paradox Basin, Utah. The partnership aims to leverage RESPEC's expertise in geology and engineering for a well re-entry strategy, marking the initial phase of exploration to establish a mineral resource estimate. Pan American holds 208 claims covering 4,160 acres adjacent to Anson Resources' lithium claims, which report a JORC-compliant Resource of 186,000 tons of Lithium Carbonate Equivalent.

Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) has announced updates on its Big Mack Project. The property contains over 20 pegmatites, with the largest, Big Mack, showing historical grades of up to 6% LiO2. Recent drilling revealed a Li-bearing zone extending 50 metres deep, achieving up to 8697 ppm LiO2 over 1.0 m intervals. The company has entered a phase one agreement with Magabra Resources, committing C$1 million in exploration to secure a 51% stake in the property. Future plans include further drilling and exploration to define the mineralization potential.

Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) plans a non-brokered private placement to raise up to C$8 million through two unit offerings. The $0.50 Unit aims for C$5 million with shares priced at $0.50, while the $0.65 Unit seeks C$3 million at a price of $0.65. Proceeds will support Canadian exploration expenses and general working capital. The offering's close is expected around October 7, 2022, pending regulatory approval. All units will be subject to a four-month hold period.

Pan American Energy Corp. has signed an Option Agreement with Magabra Resources Corporation to acquire a 90% interest in the Big Mack Property located in Ontario. This property contains petalite and rare earth pegmatites, indicative of significant lithium potential. The acquisition involves three phases: Phase One requires C$80,000 in cash, C$200,000 worth of shares, and C$1 million in exploration within a year. Subsequent phases involve additional cash, shares, and exploration expenditures. The deal represents a strategic expansion into the hard rock lithium sector.