Mr. Andrew Thomson reports

PALAMINA ANNOUNCES THE EXTENSION OF THE EXPIRY DATE OF CERTAIN COMMON SHARE PURCHASE WARRANTS FOR ONE YEAR

Palamina Corp. has agreed to extend the expiry date of certain of its outstanding common share purchase warrants for an additional year. The new expiry date of these warrants will be Aug. 26, 2020. These warrants were issued pursuant to a private placement of 7,166,667 units, which closed on Feb. 26, 2018. For further information on the original issuance of the warrants, please refer to the press releases of the company dated Feb. 26, 2018.

Warrantholders are advised that replacement warrant certificates will not be issued and that the original warrant certificates must be presented to the company in order to effect the exercise or transfer of such warrants. All other terms and conditions of the warrants remain in full force and effect. The warrant extension remains subject to TSX Venture Exchange acceptance of requisite regulatory filings.

About Palamina Corp.

Palamina holds the application and mining rights to five gold projects in southeastern Peru, a silver copper project in the Santa Lucia district and two copper-gold projects in southern Peru.