Mr. Joseph van den Elsen reports

PAMPA METALS CANCELS AND GRANTS INCENTIVE STOCK OPTIONS

Pampa Metals Corp. has cancelled 600,000 stock options held by directors and management, and granted 750,000 incentive stock options to a consultant. The granted options have an exercise price of 21 cents and a five-year term.

About Pampa Metals Corp.

Pampa Metals is a Canadian company that 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. The company is actively advancing its projects through systematic exploration and drill testing of the highest-priority targets, with a current focus on the Buenavista target and the Block 4 project more broadly.

We seek Safe Harbor.