Palamina Corp. (TSXV: PA, OTCQB: PLMNF) has collected and analyzed an additional 920 soil and subcrop samples at its 100% owned Galena Silver Copper Manganese project in southeastern Peru. Samples were analyzed using a portable handheld X-ray Fluorescence (“XRF”) unit.

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Palamina Corp. (“Palamina” or the “Company”) has closed a first tranche of its non-brokered private placement offering (the “Offering”) announced on October 9, 2025.  The Company raised a total of $1,634,375 for the issuance of 13,075,000 units (the “Units”) at a price of $0.125 per Unit. Each Unit consists of one common share (“Common Share”) and one warrant (each a “Warrant”).  Each whole Warrant is exercisable to acquire one Common Share at a price of $0.20 for a period of two years after the date of issuance unless the stock trades at $0.35 per share on a volume weighted average basis over a 10-day period at which point the Company may determine to accelerate the expiration date of the Warrants to 30 days following a press release announcing such.

Toronto (October 9, 2025) - Palamina Corp. (“Palamina” or the “Company”) will conduct a non-brokered private placement offering (the “Offering”) of up to 20,000,000 units (“Units”) at a purchase price of $0.125 per Unit, for aggregate gross proceeds of up to $2,500,000. Each Unit consists of one common share (“Common Share”) and one warrant (a “Warrant”). 

Palamina Corp. (TSXV: PA, OTCQB: PLMNF) has completed an expanded soil and subcrop sampling program at its 100%-owned Galena Silver Copper Manganese Project using a portable XRF (X-ray fluorescence) analyzer. Palamina’s second XRF sampling program was conducted to expand and further define the extent of the known mineralized zones.

On April 11, 2025, Palamina received notice from Winshear offering to return 100% ownership of the Gaban Gold and Ica Copper-Gold projects to Palamina (see April 14, 2025 news release). In accordance with the terms of the original purchase and sale agreement, Palamina confirmed its intention to take back ownership, and the transfer process is now complete.

Palamina Corp. (TSXV:PA, OTCQB:PLMNF): As the 2024/2025 rainy season ends in south eastern Peru, Palamina has resumed mapping and sampling in the Sol de Oro North (“SDO N”) and Cayos zones at its 100% owned Usicayos gold project. Palamina is revising its 2025 drill program plans to test each zone, both of which are permitted for drilling.

Palamina Corp. (TSXV:PA, OTCQB:PLMNF) (“Palamina” or the “Company”) announces that it has filed a closeout early warning report in respect of its holdings of common shares (“Winshear Shares”) of Winshear Gold Corp. (TSX-V:WINS) (“Winshear”).  On April 25, 2025, Palamina disposed of 4,833,333 Winshear Shares, representing approximately 15.38% of the issued and outstanding Winshear Shares, for gross proceeds of $290,000 (or $0.06 per Winshear Share), (the “Disposition”).

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)