Early Warning Press Release

The Acquiror purchased 2,500 Common Shares at a price of $0.35 per Common Share and 575 Common Shares at a price of $0.37 per Common Share for an aggregate 3,075 Common Shares of the Company for gross consideration of $1,087.75, increasing the Acquiror’s overall ownership interest in the Company to 12% of the outstanding Common Shares (the “ Acquired Shares”).

Palamina’s Commences Heliborne Geophysical Survey Over Three Gold Projects In Peru

Palamina Corp. (PA:TSX.V) reports that New-Sense Geophysics Limited has commenced a 3,083 line  kilometer heliborne geophysical survey over its Coasa, Gaban and Cori gold projects in the Puno Orogenic Gold Belt (“POGB”) in south-eastern Peru. In the POGB, gold mineralization frequently has an association with magnetic pyrrhotite within swarms of orogenic quartz veins and veinlets restricted to discrete, continuous packages in shear zone structures hosted by fine-grained sedimentary units. 

Palamina Announces Grant of Options

Palamina Corp. has granted 950,000 incentive stock options to certain officers, directors and consultants of the Company under its Stock Option Plan. All options are exercisable at $0.39 per common share.  The options granted to officers and directors expire in 5 years and the options granted to the consultants expire in 3 years.

Palamina Completes Oversubscribed $2.15 Million Private Placement

Palamina Corp. (PA:TSX.V) has closed a non-brokered private placement offering of 7,166,667 Units at a purchase price of $0.30 per Unit, for aggregate gross proceeds of $2,150,000. On February 1, 2018, Palamina announced a $2,000,000 placement but due to demand elected to increase the placement by $150,000 yet remain under 30,000,000 shares outstanding. After giving effect to the financing Palamina has 29,621,381 shares outstanding.

Palamina Secures 85% Of The Watershed Surrounding Numerous Alluvial Gold Showings At The Gaban Gold Project

Palamina Corp. (PA:TSX.V) has purchased the mining rights to two contiguous concessions within the Gaban Gold Project with a view to locating the source of artisanal coarse alluvial gold being mined along the Yanamayo river. By acquiring 100% of the mining rights to the Minera San Gaban and Aurifera San Gaban claims, Palamina has secured the mining rights to 85 % of an area bound on all sides by four mountain ridges where geochemical stream sediment and rock sampling results would suggest proximity to an orogenic gold source.

Palamina Director Moves To Advisory Board

Palamina Corp. (PA:TSX.V) today announced that Jose Vizquerra-Benavides has resigned from the board of directors and will continue his support as a member of Palamina’s advisory board. Palamina thanks Mr Vizquerra-Benavides for his support and advice as a director and welcome him as an advisor. Mr. Alistair Waddell, a director of Palamina, has agreed to become a member of the audit committee and assume Mr. Vizquerra-Benavides responsibilities.