Pampa Metals Corp. ('Pampa Metals' or the 'Company') (CSE:PM)(FSE:FIR)(OTCQB:PMMCD) is pleased to announce that it has issued 3,200,000 units ('Units') at a price of $0.05 per Unit under the Non-Brokered Private Placement offering (the 'Offering') detailed in an September 18, 2023 news release for gross proceeds of $160,000.

Each Unit consists of one fully paid common share and one purchase warrant entitling the holder to acquire an additional common share at a price of $0.075 for a period of 3 years after the closing of the Offering.

In connection with the Offering, the Company paid total cash commissions of $8,680 and issued 173,600 finder's warrants. Each finder's warrant is exercisable into a common share of the Company at an exercise price of $0.075 for a period of 3 years from the date of closing of the Offering.

Combining the proceeds of the Offering, with the proceeds of the private placement detailed in a September 11, 2023 news release, the Company has now raised total gross proceeds of $610,000 ('Offerings').

Proceeds from the Offerings will be primarily used to assess, and potentially acquire, advanced stage copper project(s) in The Americas, where the application of the Company's technical and commercial expertise in exploration, resource delineation and feasibility studies can be applied to creating value for shareholders. High quality copper projects in other jurisdictions which meet our criteria will be assessed on an opportunistic basis.

Specifically, the Company is seeking to acquire a project with the following characteristics:

Historic ore grade interval(s);

Opportunity to quickly establish a meaningful initial Mineral Resource Estimate; Conceptual copper production profile of +30-50,000 tpa and Conceptual capex of

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