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Palamina Files Coasa NI 43-101 Technical Report

Resource Estimates Technical Reports (NI 43-101)

Palamina Files Coasa NI 43-101 Technical Report

Toronto, Ontario--(Newsfile Corp. - January 8, 2019) - Palamina Corp (TSXV: PA) has filed on SEDAR a technical report

prepared in accordance with National Instrument 43-101 on the Coasa Gold Project in the Puno region of Peru.

The Technical Report titled "NI 43-101 Technical Report Coasa Property Puno, Peru" with an effective data of October 24

th

,

2018 was prepared on behalf of Palamina Corp. by David Seers (QP), representative of Mining Plus. The NI 43-101 Technical

Report may be found on the Company's website at

www.palamina.com

or under the Company's profile at

www.sedar.com

.

About Palamina Corp.

Palamina has acquired the application and mining rights to five gold projects in south-eastern Peru in the Puno Orogenic Gold

Belt (POGB), one copper-gold project in the coastal I.O.C.G. belt in Southern Peru and holds 100% interest in one exploration

project in Mexico. Palamina has 29,621,381 shares outstanding and trades on the TSX Venture Exchange under the symbol PA.

FOR FURTHER INFORMATION PLEASE CONTACT:

Andrew Thomson, President

Phone: (416) 987-0722

or visit

www.palamina.com

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 the 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. Forward-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.sedar.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.