Pan American Energy to conduct survey at Tharsis

Mr. Adrian Lamoureux reports PAN AMERICAN ENERGY ANNOUNCES DETAILS OF UPCOMING THARSIS FIELD PROGRAM Pan American Energy Corp. has provided further details of the coming 2025 exploration campaign at the Tharsis project, located at Squalus Lake in the Northwest Territories. The program is designed to advance geological understanding of the project through an integrated bathymetric survey and outcrop characterization campaign. Over approximately two weeks in September, the work will focus on mapping the lake bottom and investigating adjacent bedrock exposures. The dedicated bathymetric survey is expected to generate a high-resolution digital model of the lake bottom and, where feasible, extend imaging to the sediment-bedrock interface. This survey will be complemented by targeted outcrop studies around the lake, where crews will measure magnetic susceptibility and compile detailed lithological descriptions. The integration of these data sets is anticipated to refine the regional geological model, improve correlations between surface geology and geophysical anomalies, and support the identification of preliminary drill targets. The company will also undertake an archeological impact assessment to ensure future exploration proceeds in compliance with territorial heritage and cultural guidelines. This work builds upon the earlier archeological overview assessment, and represents an important step in advancing the project toward drill readiness in a responsible and environmentally conscious manner. Adrian Lamoureux, chief executive officer of Pan American Energy, commented: "This program is an important step forward for the Tharsis project. The combination of a bathymetric survey alongside detailed outcrop studies will help form a comprehensive picture of the geology beneath Squalus Lake. We expect these results to not only refine our geological model but also to set the stage for identifying drill targets in a responsible and scientific manner." Pan American Energy looks forward to sharing updates as this work proceeds and to advancing the Tharsis project through a technically rigorous and responsible exploration process. Qualified person The scientific and technical content of this news release has been reviewed, verified and approved by Jared Suchan, PhD, PGeo, technical adviser to the company, a qualified person as defined by National Instrument 43-101. About Pan American Energy Corp. Pan American Energy is an exploration-stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery and critical metals in North America. The company has executed an option agreement in Canada with Magabra Resources pursuant to which it has acquired a 75-per-cent interest in the Big Mack lithium project, 80 kilometres north of Kenora, Ont., with the right to earn an additional 15 per cent for a total 90-per-cent interest. Pan American has also entered into an option agreement with Northern Critical Minerals Corp. to acquire an up-to-100-per-cent interest in the Tharsis rare earth element project, located in the Northwest Territories. The project hosts the Squalus Lake alkaline complex, a Proterozoic-age carbonatite-bearing intrusion prospective for rare earth and high-field-strength elements. We seek Safe Harbor.