Mr. Jon Harris reports

PAMBILI UPDATES SHARES-FOR-DEBT APPLICATION

Further to a news release issued on Nov. 4, 2024, Pambili Natural Resources Corp.'s shares-for-debt application (initially announced on Nov. 4, 2024) has been conditionally approved by the TSX Venture Exchange.

Following an initial review of the application by the exchange, and subsequent additional debt settlement agreements, the amount of debt to be converted to shares in the company was increased to $808,906.

The company has previously obtained disinterested shareholder approval to convert insider debt to shares at seven cents per share and, under the terms of the debt settlement agreements, all creditors will settle their debt at 50 cents on the dollar.

Following final approval from the exchange for the aggregate settlement of $404,453, Pambili will issue 5,777,903 new shares, bringing the total number of shares in issue to 60,576,261.

Under the terms of the exchange, any shares issued to settle debt will be subject to a statutory four-month-and-one-day hold.

About Pambili Natural Resources Corp.

Pambili Natural Resources is a natural resources exploration and development company currently active in Zimbabwe and in the province of Alberta.

We seek Safe Harbor.