Mr. Joseph van den Elsen reports

PAMPA METALS INTERSECTS THICK SUPERGENE COPPER ENRICHMENT BLANKET AND EXTENDS PRIMARY CU-AU MINERALIZATION TO DEPTH AT PIUQUENES, SAN JUAN PROVINCE, ARGENTINA

Pampa Metals Corp.'s drilling to test for lateral and depth extensions below previous high-grade porphyry copper-gold intersections at the Piuquenes copper-gold (Cu-Au) porphyry project has successfully intersected wide intervals of both secondary and primary mineralization. Excellent progress is being made and drilling is continuing.

Diamond drill hole PIU-01, designed to extend Cu-Au mineralization to depth on the southwestern margin of the Piuquenes Central porphyry, intersected a 160-metre thick zone of supergene copper enrichment between 220 metres (m) to 380 m downhole, coincident and overlapping with primary mineralization from 350 metres. PIU-01 has been plotted to approximately 900 metres downhole depth, with primary mineralization continuing from 350 m to the current hole depth of approximately 600 m.

An initial batch of core samples have been prepared and dispatched to the ALS laboratory in Mendoza, with first assay results expected shortly.

Joseph van den Elsen, Pampa Metals president and chief executive officer, commented: "We are very pleased to have intersected a thick copper supergene enrichment blanket on the first hole of a multicampaign exploration program testing the Piuquenes project's exceptional potential. We now eagerly await our first assay results and look forward to driving shareholder value over the short, medium and long term as we continue to test the depth and lateral extensions of the previously reported high-grade copper-gold intervals at Piuquenes Central, and thereafter drill testing Piuquenes East and other nearby targets on the property."

Geology and mineralization -- diamond drill hole PIU-01

Weak-moderate porphyry A-type quartz stockworks are present from approximately 150 metres downhole, increasing in intensity from 220 m depth. Supergene copper enrichment is evident from 220 m to 380 m depth, partially coincident (from 288 metres depth) with increasing intensity of porphyry A-type quartz vein stockworks and evidence of intermineral potassic alteration. A narrow zone of copper oxides is observed from 220 to 229 metres downhole.

Dense porphyry A-type quartz vein stockworks with chalcopyrite and traces of disseminated bornite mineralization hosted in potassic altered diorite porphyry were intersected from 350 m to the current downhole depth of approximately 600 metres. Drilling is continuing in strong mineralization.

About Pampa Metals Corp.

Pampa Metals is a copper-gold-silver-molybdenum porphyry exploration company.

We seek Safe Harbor.