Palamina Corp. (“Palamina” or the “Company”) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering (the “Offering”) previously announced on March 1, 2019. In this final tranche, the Company raised a total of $152,200 for the issuance of 507,333 units (the “Units”) at the price of $0.30 per Unit.

Palamina Corp. (“Palamina” or the “Company”) is pleased to announce that it has closed the first tranche of its non-brokered private placement offering (the “Offering”) announced on January 31, 2019 and February 8, 2019. In this first tranche, the Company raised a total of $1,535,500 for the issuance of 5,118,332 units (the “Units”) at the price of $0.30 per Unit.

Palamina Corp. announces that it has amended certain terms of its non-brokered private placement previously disclosed in a press release dated January 31, 2019.  The offering, as amended, is hereinafter referred to as the Amended Offering.

Palamina Corp. (“Palamina” or the “Company”) is pleased to announce that it will conduct a non-brokered private placement offering (the “Offering”) of up to 6,250,000 units (“Units”) at a purchase price of $0.32 per Unit, for aggregate gross proceeds of up to $2,000,000.

Palamina Corp. (PA:TSX.V) has submitted a Declaración de Impacto Ambiental (“DIA”) or Environmental Impact Declaration to the Peruvian Ministry of Energy and Mines for the Coasa Gold Project.

Palamina Corp (PA:TSX.V) has filed on SEDAR a technical report prepared in accordance with National Instrument 43-101 on the Coasa Gold Project in the Puno region of Peru.

Palamina Corp (PA:TSX.V) has completed further channel sampling in the Veta Zone at the Coasa Gold Project in south eastern Peru

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 Corp (PA:TSX.V) has completed heliborne geophysical surveys over its Coasa, Gaban and Cori gold projects in the Puno Orogenic Gold Belt (“POGB”) of Peru. In the POGB, gold mineralization frequently has an association with disseminated magnetic pyrrhotite hosted by quartz veins within regional shear zone structures.

Palamina Corp (PA:TSX.V) has conducted a reconnaissance sampling program in the recently defined Cayos gold zone south of the Veta gold zone at its Coasa Gold Project in south eastern Peru.

Palamina Corp.’s (PA:TSX.V) recent field campaign at its Coasa Gold Project in south eastern Peru continues to confirm the presence of high grade gold at surface in the Veta Zone where continuous channel sampling returned 1.8 metres of 19.6 g/t gold and 0.9 metre of 103 g/t gold.

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 Corp. (PA:TSX.V) has completed further staking to increase its title and application mining exploration rights to 18,900 hectares at the Bendi Gold Project in the Puno Orogenic Gold Belt (POGB) in southern Peru.

Palamina has discovered a new orogenic gold zone in the Veta target area at its Coasa Gold Project in south-eastern Peru. 

Palamina Corp. (PA:TSX.V) has completed further staking to expand its five 100% owned district-scale gold projects in the Puno Orogenic Gold Belt (“POGB”) located in south eastern Peru. The POGB is one of the least explored known orogenic gold belts.

Palamina Corp. (PA:TSX.V) has contracted New-Sense Geophysics Limited to conduct heliborne geophysical aeromagnetic-radiometric surveys on its Coasa, Gaban and Cori gold projects in south-eastern Peru.

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.