Pan Andean Minerals Ltd. (TSXV: PAD) ('Pan Andean' or the 'Company') announces that in accordance with section 3.2(b) of the TSX Venture Exchange (the 'Exchange') Policy 2.5, the Exchange has advised the Company that Pan Andean is required to provide a submission to the Exchange on or before April 30, 2021 evidencing that it meets Tier 2 continued listing requirements ('CLR').

The Company anticipates it will be able to satisfy the Exchange that it meets Tier 2 CLR, however, if it is unable to do so, the Exchange may proceed to transfer the Company's listing to NEX.

Further to the share resumption review, the Exchange also advises that effective at the opening, Friday, January 29, 2021, the shares of the Company will resume trading.

About Pan Andean Minerals Ltd.

Pan Andean is a Vancouver-based junior resource company that has been listed on the TSX Venture Exchange since 2006, with a focus on copper and gold exploration. The Company acquired prospective gold and copper-gold exploration properties considered to have significant mineral potential by staking, option or purchase agreements. The Company wholly owns two subsidiaries related to mining properties in Peru and is currently pursuing alternative business opportunities.

Contact:

Tel: 604-681-2626

Email: shuh@panandeanminerals.com

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