Mr. Joseph van den Elsen reports

PAMPA METALS TO ISSUE DEBT SETTLEMENT SHARES

Pampa Metals Corp. has entered into a debt settlement agreement to settle outstanding indebtedness to an arm's-length service provider in the aggregate amount of $63,000, which will be settled through the issuance of an aggregate of 364,954 common shares of the company.

About Pampa Metals Corp.

Pampa Metals is a Canadian company listed on the Canadian Securities Exchange (PM), the Frankfurt Stock Exchange (FIRA) and the OTCQB (PMMCF), 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. 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 project.

The company's vision is to create significant value for shareholders and stakeholders through the application of its technical and commercial expertise toward exploring for a major copper discovery along the prime mineral belts of Chile.