Pampa Metals Corporation announced that it is proceeding with a proposed private placement offering of 4,444,444 units at a price of $0.135 per unit for gross proceeds to the Company of $600,000. Upon closing of the financing, it is anticipated that Mr. Joseph van den Elsen will join the board of directors of the Company. Mr. van den Elsen has also agreed to serve as the Company's President.

The Company is also in advanced discussions with the incoming investors with respect to the appointment of an additional Board member to further support and drive long term strategy. Joseph van den Elsen BA, LLB, Grad Dip Environment, Energy & Resources Law and Grad Dip Mineral Exploration Geoscience: Joseph van den Elsen is a dual Australian/Colombian citizen who currently serves as the Executive Chairman of Ronin Resources Ltd. Joseph has held a number of executive and non-executive positions with listed and unlisted mineral exploration and development companies including Ookami Ltd, MHM Metals, Ascot Resources and Hampshire Mining. Previous experience also includes serving as an Associate Director with UBS and holding a comparable position with Goldman Sachs JBWere.

Joseph graduated from LaTrobe University with a Bachelor of Arts and a Bachelor of Laws and later graduated from the University of Melbourne with a Graduate Diploma in Environment, Energy and Resources Law and from Curtin University with a Graduate Diploma in Mineral Exploration Geoscience. Joseph is currently studying towards a Master of Science (Mineral Economics) through Curtin University. In connection with the new appointment and pending additional appointment, Mr. A. Paul Gill has agreed to step down as a director and President of the Company.

Mr. Timothy Beale has agreed to step down as a director and COO of the Company. Mr. Beale will continue his role with the Company as Vice President of Exploration.