Palamina Corp.·Basic Materials

Toronto, Ontario--(Newsfile Corp. - May 12, 2026) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) is pleased to announce that pursuant to the Canadian Securities Administrators Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers, as adopted by the B.C. Securities Commission, (the "Blanket Order") it will move to semi-annual financial reporting ("SAR").

Toronto, Ontario--(Newsfile Corp. - April 20, 2026) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) ("Palamina" or the "Company") has entered into an arrangement agreement dated April 17, 2026 (the "Arrangement Agreement") with Colt Silver Corp. ("Colt Silver") and Colt Finco Corp. ("Finco") to complete the previously announced spin-out transaction (the "Spin-Out Transaction") announced on February 27, 2026, whereby Palamina will distribute a certain number of common shares of Colt Silver to the shareholders of Palamina pursuant to a plan of arrangement under section 182 of the Business Corporations Act (Ontario) (the "Arrangement"). Colt Silver owns the Company's seven silver-copper projects in northeastern and southeastern Peru (the "Assets").
Palamina Corp., through its subsidiary, Palamina S.A. de C.V., focuses on the exploration of mineral deposits in Mexico, Canada, and Peru. It explores for gold, copper, and silver deposits. The company owns 100% interests in the Usicayos Gold project covering an area of 14,600 hectares, the Bendi Gold project covering an area of 13,400 hectares, the Cori Gold project covering an area of 18,000 hectares, and the Inca Gold project covering an area of 2,600 hectares that are located in south-eastern Peru. It also owns 100% interests in the Tinka iron oxide copper-gold project covering an area of 1,800 hectares located in southern Peru; the Galena Silver Copper project covering an area of 10,300 hectares located at south-eastern Peru; and the El Santuario property located in the Cardonal district, Hidalgo State, Mexico. The company was incorporated in 2015 and is headquartered in Toronto, Canada.