Palamina Corp. (TSXV: PA, OTCQB: PLMNF) On April 11, 2025 Palamina received notice from Winshear Gold Corp. (TSXV: WINS) that they have offered to return 100% ownership of the Gaban Gold and Ica Copper Gold projects to Palamina as per the May 14, 2019 purchase and sale agreement. Palamina has advised Winshear that it intends to take back ownership of both projects. Palamina is conducting a review of the claim blocks for both properties and may only retain a portion of the claims.

Palamina Corp. (TSXV: PA, OTCQB: PLMNF) announces assay results from field work completed in February of 2025 in the Sol de Oro (“SDO”) North zone at its 100% owned Usicayos gold project in Peru. Limited mapping and sampling programs are being completed in advance of a planned 2025 drill program.

Palamina Corp. (TSXV: PA, OTCQB: PLMNF) has completed an initial systematic soil sampling program utilizing a hand held XRF (X-Ray Fluorescence) spectrometer at its 100% owned Galena Silver Copper Project in south-eastern Peru.

Palamina Corp. (TSXV: PA, OTCQB: PLMNF) has concluded its 2024 scout drill program in the Sol de Oro (‘SDO’) zone at its Usicayos Gold Project in Peru.

Palamina Corp. (TSXV: PA, OTCQB: PLMNF) continues to advance it’s 100% owned Galena Silver Copper Project located in the Santa Lucia district in the Puno region of Peru. Galena covers a series of high-grade copper-silver bearing quartz veins in the historic Santa Rosa mine district as well as multiple copper oxide and lead sulfide occurrences where the Company is exploring for Carbonate Replacement Deposit’s (‘CRD’).

Palamina Corp. (TSXV: PA, OTCQB: PLMNF) has completed the first six holes and tested two of three zones in its inaugural drilling program in the Sol De Oro Zone (‘SDO’) at its Usicayos gold project in SE Peru. The host shear structure at SDO is approximately 1.5 km in width by 2.2 km in strike length.

Palamina Corp. (TSXV: PA, OTCQB: PLMNF) is drilling at its Usicayos Gold Project in the Puno Orogenic Gold Belt (‘POGB’) in south eastern Peru where the Company has 6 distinct exploration projects (see map below). Three diamond drill holes have been completed in the SDO East Zone at Usicayos. A fourth hole in the SDO South Zone is complete with hole 5 underway. Palamina is now reaching the halfway point in its 3,000 metre drilling program.

Palamina Corp. (TSXV: PA, OTCQB: PLMNF) has acquired 100% of the shares of Sociedad Minera Vicus Exploraciones S.A.C. (“Vicus”) from Aurania Resources Ltd. (TSX.V:ARU) (‘Aurania’). Vicus is now a wholly owned Peruvian subsidiary of Palamina Corp.

Palamina Corp (TSXV:PA OTCQB: PLMNF) has received a US$100,000 Advance Royalty (“AR”) payment from Winshear Gold Corp. (“Winshear”) (TSX.V: WINS). The AR payment was due pursuant to a property purchase agreement signed on September 19, 2019. 

Palamina Corp. (TSXV:PA OTCQB:PLMNF) has commenced drilling in the Sol de Oro (“SDO”) zone at its 100% owned Usicayos Gold Project in south eastern Peru.  Drill equipment was successfully mobilized and a fully functioning field camp is in place to support the program.

Palamina Corp.’s (TSXV:PA - OTCQB:PLMNF) 100% owned Usicayos Gold Project is located in the Puno Orogenic Gold Belt where nuggety coarse gold makes it challenging to establish continuity of gold grades. In 2024 Palamina has completed metallic screening, a PhotonAssay® check sampling program and a bulk sample mineralogical study to establish an optimized sampling protocol to minimize variances in gold grades due the nugget effect.

Palamina Corp. (TSXV:PA - OTCQB:PLMNF) has completed a drone-based magnetic survey over the entire 4.5 km long mineralized gold trend at its 100% owned Usicayos Gold Project in the department of Puno in south eastern Peru. The survey was carried out by Lima-based geophysical contractor Deep Sounding E.I.R.L and included generating a detailed Digital Terrain Model (“DTM”) and acquiring an orthophoto to generate a new high-resolution topographic map. The company also completed a new structural interpretation of the Sol de Oro (“SDO”) zone which confirms the main controls on surface mineralization

Palamina Corp. (TSXV:PA - OTCQB:PLMNF) has signed a Share Purchase Agreement (the “Agreement”) to acquire 100% of the shares of Sociedad Minera Vicus Exploraciones S.A.C. (“Vicus”) from Aurania Resources Ltd. (TSX.V:ARU)

Palamina Corp. (TSXV:PA - OTCQB:PLMNF) announces initial assay results from its first 2024 field campaign in the Sol de Oro Zone (“SDO”) at its 100% owned Usicayos Gold Project. Usicayos is located in southeastern Peru and hosts a 4.5 km long mineralized orogenic gold trend to include the southwestern SDO Zone, the central Cayos Zone, and the northeastern Veta Zone. In 2024, inaugural drill programs are planned in the SDO Zone then the Cayos Zone later in the year.

Palamina Corp. (TSXV:PA - OTCQB:PLMNF) has appointed Alvaro Fernandez-Baca as V.P. Exploration and Hall Stewart and Jerry Blackwell as advisors to complement our discovery team in Peru. We would like to thank Jerry Blackwell for previously acting as lead geologist and for his continued support in his new role as advisor.

Palamina Corp. (TSXV:PA - OTCQB:PLMNF) completed its latest field program at its 100% owned Usicayos Gold Project (the “Project”) in the Sol de Oro Zone (“SDO”) in December 2023. Usicayos is located in southeastern Peru and hosts a 4.5 km long mineralized orogenic gold trend to include the southwestern SDO Zone, the central Cayos Zone, and the northeastern Veta Zone. Drilling is scheduled to commence in Q2 of 2024.

Palamina Corp.’s (TSX-V: PA, OTCQB: PLMNF) has granted 1,585,000 incentive stock options to certain officers, directors, advisors and consultants of the Company under its Stock Option Plan. All options are exercisable at $0.15 per common share.  The options granted to officers and directors and advisors expire on December 15, 2028 and the options granted to the consultants expire on December 15, 2025.

Palamina Corp.’s (TSX-V: PA, OTCQB: PLMNF) equity/royalty partner Winshear Gold Corp. (TSX-V: WINS) provided a return of capital of CDN$0.25 per share on December 8, 2023 to Winshear shareholders, resulting in a non-dilutive payment of $3,625,000 to Palamina.  Palamina continues to own 14,500,000 common shares of Winshear representing 15.4% of their outstanding shares.

Palamina Corp.’s (TSXV:PA - OTCQB:PLMNF) equity/royalty partner Winshear Gold Inc. (TSXV:WINS) (“Winshear”) has declared a return of capital of CDN$0.25 per share to Winshear shareholders payable December 8, 2023. Palamina holds 13,422,000 common shares and 1,321,000 warrants in Winshear and a 2% NSR on all its projects in Peru.

Palamina Corp. (TSXV:PA - OTCQB:PLMNF) equity/royalty partner Winshear Gold Inc. (TSXV:WINS) (“Winshear”) has received a settlement payment of US$30,000,000 from the Tanzanian Government as compensation for the expropriation of Winshear’s SMP gold deposit in Tanzania. Palamina holds 13,422,000 common shares and 1,321,000 warrants in Winshear Gold Corp. (representing an 18.5% partially diluted share position) and a 2% NSR on all its projects in Peru. On September 19, 2023 Winshear announced they had reached a conditional settlement agreement with Tanzania where the full and final settlement payment of US $30,000,000 to settle the arbitration was received on October 16, 2023. After paying funders and legal fees the net amount payable to Winshear is estimated to be in excess of CDN $25,250,000