Pacific Imperial Mines Signs Option Agreement with Eagle Plains Resources to Acquire 60% of Brownell Lake Property IN Saskatchewan

1700-700 West Pender Street, Vancouver, BC, V6C 1G8 Canada

Telephone: (604) 669.6332; Facsimile: (604) 681.5910

www.pacificimperialmines.com

TSXV: PPM

PACIFIC IMPERIAL MINES SIGNS OPTION AGREEMENT WITH EAGLE

PLAINS RESOURCES TO ACQUIRE 60% OF BROWNELL LAKE

PROPERTY IN SASKATCHEWAN

Vancouver, British Columbia – March 27, 2023 – Pacific Imperial Mines Inc. (TSX.V: PPM)

(“Pacific Imperial” or the “Company”) is pleased to announce that has entered into an option

agreement dated March 23, 2023 (“Option Agreement”) with Eagle Plains Resources Ltd. (TSX.V:

EPL) (“Eagle Plains”) pursuant to which Eagle Plains granted the Company the option to acquire a

60% interest in the Brownell Lake property (the “Property”) consisting of three mineral dispositions

covering 1,863.3 hectares located approximately 17 km northwest of Deschambault Lake,

Saskatchewan. The Company may exercise the option by paying aggregate cash consideration of

$500,000, issuing 1,000,000 common shares of the Company (the “Common Shares”) to Eagle Plains

and incurring exploration expenditures on the Property of $5,000,000 all in staged amounts by

December 31, 2027. Upon the exercise of the option, the Company will own a 60% interest and Eagle

Plains will own a 40% interest in the Property, and the parties will enter into a joint venture agreement

to further explore and develop the Property to bring it into commercial production. The Property is

subject to a 2% net smelter returns royalty owing to Eagle Royalties Ltd.

The Brownell Lake Project is host to regionally-sheared, highly-strained meta-volcanic rocks which

are considered to be prospective for volcanogenic massive sulphide (“VMS”) mineralization. Planning

is underway to commence a ground-based TDEM electromagnetic geophysical survey in the near

future to identify potential drill targets.

The Option Agreement is subject to the Company obtaining the approval of the TSX Venture

Exchange. The Common Shares issued under the Option Agreement will be subject to a hold period

ending four months and one day after the date of issuance in accordance with applicable securities

laws.

About Pacific Imperial Mines

Pacific Imperial is a mineral exploration company based in Vancouver, Canada, engaged in the

acquisition, exploration, evaluation and development of mineral properties in an acceptable risk

environment. The Company’s current focus is on the Eagle Mountain Lithium property in the USA.

ON BEHALF OF THE BOARD OF DIRECTORS

“Chris McLeod”

Chris McLeod, CEO

For further information please contact:

Roman Shklanka, Chairman, at 604-649-6195,

or

Chris McLeod, CEO and President, at 604-669-6332

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the

policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or

accuracy of the contents of this News Release.