Palamina Announces $2,500,000 Private Placement
PALAMINA ANNOUNCES $2,500,000 PRIVATE PLACEMENT
Not for distribution to U.S. news wire services or dissemination in the United States
Toronto (October 9, 2025) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) ( “Palamina” or the
“Company”) will conduct a non-brokered private placement offering (the “Offering”) of up to 20,000,000
units (“Units”) at a purchase price of $0.1 25 per Unit, for aggregate gross proceeds of up to $2,500 ,000.
Each Unit consists of one common share ( “Common Share”) and one warrant (a “Warrant”). Each
Warrant is exercisable to acquire one Common Share at a price of $0.20 for a period of 24 months from the
closing date unless the stock trades at $ 0.35 per share on a volume weighted average basis over a 10-day
period at which point the Company may determine to accelerate the expiration date of the Warrants to 30
days following a press release announcing such.
Net proceeds of the Offering will be directed towards advancing Palamina’s Galena silver copper
manganese project and Usicayos gold project and general corporate and working capital purposes . The
Offering is subject to TSX Venture Exchange acceptance of regulatory filings. The Company may pay cash
finder's fees and warrants to eligible persons in accordance with applicable securities laws and regulatory
policies.
The securities being offered have not been, nor will they be, registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be
any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT PALAMINA
Palamina is an exploration company with a land bank of high grade copper-silver assets in southeastern and
northeastern Peru and a land bank of gold projects in the Puno Orogenic Gold Belt. Palamina has 71,634,836
shares outstanding and trades on the TSX Venture Exchange under the symbol PA and on the OTCQB
under the symbol PLMNF.
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.
This news release contains certain “forward-looking statements” within the meaning of such statements under applicable securities
law. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend ”,
“believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events
or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing t he
conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking
statements include, but are not limited to, the use of proceeds of the Offering and the Company's future business plans. Forw ard-
looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to
a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected
in the forward -looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as
expressly required by applicable law. A more complete discussion of the risks and uncertainties facing the Company appears in the
Company’s continuous disclosure filings, which are available at www.sedarplus.com.