Pampa Metals Intersects Thick Supergene Copper Enrichment Blanket

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

Pampa Metals has reported that drilling to test for lateral and depth extensions below previous high grade porphyry copper-gold intersections at the Piuquenes 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 drillhole PIU-01, designed to extend Cu-Au mineralization to depth on the southwestern margin of the Piuquenes Central porphyry, intersected a 160m thick zone of supergene copper enrichment between 220m to 380m downhole, coincident and overlapping with primary mineralization from 350 meters. PIU-01 has been plotted to approximately 900 meters downhole depth, with primary mineralization continuing from 350m to the current hole depth of approximately 600m.

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 CEO commented: "We are very pleased to have intersected a thick copper supergene enrichment blanket on the first hole of a multi-campaign 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."

A Company Presentation is available at: www.pampametals.com/investor/presentations