Mr. Joseph van den Elsen reports

PAMPA METALS GRANTS INCENTIVE STOCK OPTIONS

Pampa Metals Corp. has today granted a total of 4.25 million incentive stock options to directors and management. The options have an exercise price of 21 cents and a five-year term.

About Pampa Metals Corp.

Pampa Metals is a Canadian company which wholly owns a 47,400-hectare portfolio of seven projects highly prospective for copper, molybdenum and gold located along proven and highly productive mineral belts in Chile, one of the world's top mining jurisdictions.

We seek Safe Harbor.