Mr. Andrew Thomson reports

PALAMINA ANNOUNCES EXTENSION OF PRIVATE PLACEMENT

Palamina Corp., in connection with the closing of its initial tranche of its non-brokered private placement, originally announced in its news release dated Nov. 7, 2025, has applied to the TSX Venture Exchange for an extension of a further 30 days of price protection to Dec. 12, 2025, in order to complete subscriptions for up to a further $865,625. The subsequent closing will be subject to receipt of subscriptions and a number of other conditions, including, without limitation, the receipt of all relevant regulatory and TSX Venture Exchange approval.

About Palamina Corp.

Palamina is an exploration company with a land bank of high-grade copper-silver assets in southeastern and northeastern Peru, and a land bank of gold projects in the Puno orogenic gold belt. Palamina trades on the TSX Venture Exchange under the symbol PA and on the OTCQB under the symbol PLMNF.

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