Investor Presentaiton

PORTFOLIO ASSETS OFFERING ADDITIONAL VALUE 1 NEW PACIFIC METALS CORP. (NUAG) 2 LA ARENA II (Peru) 3 MARA PROJECT (Argentina) Pan American owns a ~9.4% undiluted interest in NUAG, which is advancing the Silver Sand and Carangas exploration projects in Bolivia (1). Pan American holds a 100% interest in La Arena II, an undeveloped copper-gold project adjacent to its La Arena gold mine. Pan American holds a 56.25% interest in Minera Agua Rica Alumbrera (MARA), a large copper, gold, molybdenum and silver development project, with Glencore International AG owning the remaining share 1. Share ownership interest in NUAG on the TSX as of December 31, 2022.

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