Pan American Energy Corp. announced the Company has committed to drilling eleven (11) high priority drill targets for an estimated budget of CAD 1.5 million starting February 2023 at its 17,334 acres Horizon Lithium Project (“Horizon”). RESPEC Consulting Inc. (“RESPEC”), Pan American's strategic technical partner for Horizon, has been commissioned to design, manage, contract, and run the drilling program.

The Company is currently permitted for nineteen (19) drill holes and has submitted an amendment application to the Bureau of Land Management (“BLM”) to increase to a total of twenty-two (22). Drill targets will be re-evaluated upon the completion of the initial 11 high-priority drill holes.