Mr. Andrew Thomson reports

PALAMINA ANNOUNCES GRANT OF STOCK OPTIONS

Palamina Corp. has granted 1,585,000 incentive stock options to certain officers, directors, advisers and consultants of the company under its stock option plan. All options are exercisable at 15 cents per common share. The options granted to officers, directors and advisers expire on Dec. 15, 2028, and the options granted to the consultants expire on Dec. 15, 2025.

About Palamina Corp.

Palamina has participation in eight gold projects in southeastern Peru hosted within the Puno orogenic gold belt. Palamina is advancing the Usicayos gold project through the drill discovery phase. The company also has rights to the Galena silver-copper project in the Santa Lucia district. Palamina holds a 15.4-per-cent equity interest on a fully diluted basis in Winshear Gold Corp., which is advancing the Gaban gold project to the drill discovery phase.

Palamina has 71,284,836 shares outstanding and trades on the TSX Venture Exchange under the symbol PA and on the OTCQB Venture Market under the symbol PLMNF.