Pan American Energy Corp. announced that it has engaged EarthEx Geophysical (" EarthEx") to conduct a 2D seismic survey at its project, the Horizon Lithium Project ("Horizon" or the "Project") in Big Smoky Valley, Esmeralda County, Nevada. The seismic survey will be conducted with the support of the Company's previously announced contractor partner, RESPEC Consulting Inc. (" RESPEC"), in support of the next stages of exploration and the planned Phase 3 drill program at the Project, which is being designed to expand the known mineral resources at the Project through step-out drilling to extend the deposit to the Northwest, South, East and West and at greater depths.

The Company has contracted EarthEx to undertake a Horizontal to Vertical Spectral Ratio ("HVSR") survey using a Tromino passive seismic device at the Horizon Lithium Project. Local and regional faulting may have displaced and/or offset blocks of the targeted Siebert Formation in relation to each other, which would affect the thickness of overlaying alluvial gravels otherwise known as overburden. The HVSR survey is expected to help map overburden thickness and identify fault lines on the Project, allowing for the design of a more targeted and efficient Phase 3 drill program.

Once the geophysical survey is captured and interpreted, RESPEC will support the Company with results analysis, mapping, and drill planning. RESPEC will also support permitting the high-priority drill targets identified through the survey with the Bureau of Land Management (" BLM"), Tonopah Field Office, with the goal of advancing a logistically sound and fully permitted Phase 3 drilling plan in 2024. Tromino Passive Seismic Surveying: There are ambient vibrations moving in the Earth's crust at all times and these vibrations translate into all layers, including the unconsolidated overburden.