Palamina Applies FOR Trading ON OTCQB

PALAMINA APPLIES FOR TRADING ON OTCQB

FOR IMMEDIATE RELEASE

Toronto – August 6, 2021

Palamina Corp. (PA: TSX.V) is applying to have its common shares posted for trading on the

OTCQB Venture Market (the “OTCQB”), a United States trading platform that is operated by the

OTC Markets Group in New York. The posting of the Company's shares on the OTCQB remains

subject to having a Form 211 cleared by FINRA, satisfying OTCQB eligibility standards and the

approval of the OTCQB Markets Group. The Company will provide a follow up news release once

its common shares commence trading on the OTCQB.

The OTCQB market is a premiere marketplace for early-stage and developing companies that are

committed to providing a high-quality trading and information experience to U.S. investors.

Palamina believes that trading on the OTCQB will increase its visibility within the U.S. capital

markets. The Company will continue to trade on the TSXV under the symbol PA.

Andrew Thomson, President of Palamina, commented; “Palamina is commencing a diamond drill

program on its flagship Usicayos Gold Project where no drilling has ever been carried out. As

Palamina enters the drill discovery phase, it is an appropriate time to seek an OTCQB listing which

will provide Palamina better access and distribution to U.S. shareholders.”

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 18.6% 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.