Couloir Capital Initiates Research Coverage ON Palamina Corp.

COULOIR CAPITAL INITIATES RESEARCH COVERAGE

ON PALAMINA CORP.

FOR IMMEDIATE RELEASE

Toronto – September 20, 2021

Palamina Corp. (TSX.V:PA) wishes to announce that research coverage has been initiated by

Couloir Capital Ltd. The report is titled, “Greenfield Gold Portfolio with Blue Sky Potential and

Near-Term Growth Drivers.”

The report can be accessed through Couloir Capital’s portal (click on Sign In):

https://www.couloircapital.com/research-portal#/portal/couloir-capital

About Couloir Capital Ltd.

Couloir Capital Ltd. is an investment firm comprised of a team of veteran investment professionals

dedicated to providing world-class opportunities in the natural resource sector. Couloir Capital

Ltd. is affiliated with a registered securities dealer, Couloir Capital Securities Ltd.

For further information, please contact:

Rob Stitt, Managing Director, Couloir Capital Ltd.

Email: [email protected]

www.couloircapital.com

Analyst Disclosure: The analyst and/or affiliated companies hold shares in Palamina Corp.

About Palamina Corp.

Palamina has first mover advantage on 4 district scale gold projects in south eastern Peru in the

Puno Orogenic Gold Belt (POGB). Palamina is commencing drilling at its flagship Usicayos Gold

Project. The Company also has rights to a silver-copper project in the Santa Lucia district and two

copper-gold projects in Southern Peru. Palamina holds an 19.5% equity interest in Winshear Gold

Corp. who are advancing the Gaban Gold Project to the drill discovery phase. Palamina has

65,284,836 shares outstanding and trades on the TSX Venture Exchange under the symbol PA.

On Behalf of the Board of Directors:

Andrew Thomson, President

Phone: (416) 204-7536 or visit www.palamina.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.