Palamina Announces Grant of Options

PALAMINA ANNOUNCES GRANT OF OPTIONS

FOR IMMEDIATE RELEASE:

January 13, 2017

Palamina Corp. (PA:TSX-V) has granted 910,000 incentive st ock options to certain officers,

directors and consultants of the Compa ny under its Stock Option Plan. All options are

exercisable at $0.22 per common share. The options granted to officers and directors expire in 5

years and the options granted to consultants expire in 2 years.

About Palamina Corp.

Palamina is directed by a group of proven mine finders focused on se curing and holding

advanced mining assets in the America’s. Palamina has 100% interest in three exploration

projects in Mexico. Palamina has 22,574,713 shares outstanding and trades on the TSX Venture

Exchange under the symbol PA.

FOR FURTHER INFORMATION PLEASE CONTACT:

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 communication to shareholders and the public contains certain forward -

looking statements. Actual results may differ materially from those indicated by such statements.

All statements, other than statem ents of historical fact, included herein, including, without

limitations statements regarding future production, are forward -looking statements that involve

various risks and uncertainties. There can be no assurance that such statements will prove to be

accurate and actual results and future events could differ materially from those anticipated in

such statements.