Palamina Corp. has secured a Declaración de Impacto Ambiental ("DIA") from the Peruvian Ministry of Energy and Mines for its Coasa Gold Project in the Puno region of Peru. The DIA allows for the construction of up to 40 drill pads at Coasa. With the DIA in hand, the Company has applied for the Authorization to Initiate Exploration Activities ("AIEA") which is required to commence initial drill testing of the Coasa gold system. Based on recent favorable prospecting results and supporting surface assay results, Palamina may seek to modify and/or expand the DIA to provide for initial drill testing of the Cayos Zone as well. Palamina began staking the Coasa Gold Project area in January of 2017 to obtain the mining rights to a 22 km long deformation corridor hosting numerous discrete shear zones. Within the deformation corridor, the same shear zone hosts GoldMining Inc.'s Crucero gold deposit located 16 km to the south east. Coasa is within an east-west structure on the southern perimeter of the Puno Orogenic Gold similar to structures associated with the Ollachea and La Rinconada gold deposits to the northeast and southwest. The mineralized surface footprint at Coasa is second only to La Rinconada.