Pampa Metals Corp. provided an update on its exploration activities in Chile. As indicated on December 23rd, 2020, SouthernRock Geophysics has re-initiated geophysical surveying at the Company's Arrieros project in northern Chile after a short break for the Christmas and New Year period. Pampa Metals is acquiring Resistivity and 3D Vector Induced Polarization ("VIP"), together with Magneto-Telluric ("MT") and ground magnetic measurements over the 14,000-hectare property, which is characterised by extensive post-mineral gravel cover (a "pampa" in Chile) and is located along the preeminent Eocene-Oligocene porphyry copper belt of northern Chile. Geophysical surveying work at Arrieros is expected to be concluded in early February. Additionally, the Company has deployed an experienced geologist to complete geological prospecting and mapping across the project area, particularly around the outcropping margins of the extensive pampa. Following work at Arrieros, both the geophysical and geological teams will start exploration activities at the Company's Redondo-Veronica project, a 5,000-hectare property also located along the highly prospective Eocene- Oligocene porphyry copper belt of northern Chile. During 2020, the Company has successfully achieved the following objectives: Identified, negotiated and captured a high-quality portfolio of eight (8) projects (58,000 hectares) in one of the best mining jurisdictions on earth, in Northern Chile. Built a highly experienced and capable Board and a Management Team that has worked extensively in Chile and South America in general, with a vision to execute and accomplish mission. Developed an operating plan that has prioritized targets within the project portfolio with a view to delivering value, effectively and efficiently. Received the necessary regulatory approvals and concluded a successful listing of the new entity on the Canadian Securities Exchange ("CSE"), as well as on the Frankfurt Stock Exchange ("FSE"). Completed an equity financing for gross proceeds of $4,024,500. Immediate implementation of the work program at the Arrieros project, to be followed during First Quarter 2021 by the Redondo-Veronica projects.