Pan American Silver Announces End to the Community Roadblocks at the Huaron Mine

Suite 1440 - 625 Howe St.

Vancouver, BC Canada, V6C 2T6

604-684-1175

www.panamericansilver.com

PAN AMERICAN SILVER CORP.

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Pan American Silver Announces End to the Community Roadblocks at the Huaron Mine

Vancouver, B.C. - May 9, 2018 - Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (“Pan American Silver”, or

the “Company”) today reports that the community road blockades at the Huaron mine have ended, and the

Company expects mine operations will return to normal levels within the next 48 hours. As previously announced

on April 27, 2018, operations were suspended on April 24, 2018 due to road blockades instituted by members of

the nearby Huayllay community. With oversight from the Social Affairs General Office of the Peruvian Ministry of

Energy and Mines, an agreement was reached with representatives of the Huayllay community to end the

roadblocks.

About Pan American Silver

Pan American Silver Corp. is the world’s second largest primary silver producer, providing enhanced exposure to

silver through a diversified portfolio of assets, large silver reserves and growing production. We own and operate

six mines in Mexico, Peru, Argentina and Bolivia. Pan American maintains a strong balance sheet, has an

established management team with proven operating expertise, and is committed to responsible development.

Founded in 1994, the Company is headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the

Toronto Stock Exchange under the symbol "PAAS".

For more information, visit: www.panamericansilver.com.

For more information contact:

Siren Fisekci

VP, Investor Relations & Corporate Communications

Ph: 604-806-3191

Email: [email protected]

Cautionary Note Regarding Forward-Looking Statements and Information

Certain of the statements and information in this news release constitute "forward-looking statements" within the

meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information"

within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of

historical fact, are forward-looking statements or information. Forward-looking statements or information in this

news release relate to, among other things, the timing and ability of the Company to resume and continue its

operations at the Huaron mine. These forward-looking statements and information reflect the Company's current

views with respect to future events and are necessarily based upon a number of assumptions that, while

considered reasonable by the Company, are inherently subject to significant operational, business, economic and

regulatory uncertainties and contingencies. These assumptions include: our ability to successfully resume

operations at the Huaron mine within the specified time period; and the continuation of unimpeded access to the

Huaron mine. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown

risks, uncertainties and other factors that may cause actual results and developments to differ materially from

those expressed or implied by such forward-looking statements or information contained in this news release and

the Company has made assumptions and estimates based on or related to many of these factors. Certain of these

factors are identified under the caption "Risks Related to Pan American's Business" in the Company's most recent

form 40-F and Annual Information Form filed with the United States Securities and Exchange Commission and

Canadian provincial securities regulatory authorities, respectively. Although the Company has attempted to identify

PAN AMERICAN SILVER CORP.

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important factors that could cause actual results to differ materially, there may be other factors that cause results

not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on

forward-looking statements or information. Forward-looking statements and information are designed to help

readers understand management's current views of our near and longer term prospects and may not be

appropriate for other purposes. The Company does not intend, nor does it assume any obligation to update or

revise forward-looking statements or information, whether as a result of new information, changes in assumptions,

future events or otherwise, except to the extent required by applicable law.