Palamina Corp (PA) NPV

Palamina Corp. is a gold exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. The Company’s projects include Usicayos Gold Project, Panorama Gold Project, Cristel Gold Project, Yin Gold Project, Bendi Gold Project, Cori Gold Project, Inca Gold Project, and Pluma Copper Silver Project. The Usicayos Gold Project is located near the town of Usicayos and holds title to over 11,612 hectares (ha) of mineral concessions. It owns the mineral rights to over 2,400 ha at the Panorama Gold Project. The Cristel Project consists of 3,500 ha of mineral rights and sits southeast of Minera IRL’s Ollachea gold deposit and northwest of its Usicayos Gold Project. It holds title to 6,232 ha covering the Bendi Project, located to the northeast of the Usicayos Gold Project. It also has over 11,347 ha at the Cori Gold Project. It also holds a 15.4% equity interest in Winshear Gold Corp. and a 2% net smelter return (NSR) royalty on all their projects.