Palamina announces expansion of private placement

Palamina Corp. (TSXV: PA,OTC:PLMNF) (OTCQB: PLMNF) (“Palamina” or the “Company”) has closed an initial tranche of its non-brokered private placement offering (the “Offering”) and announces that in connection with the closing of its initial tranche of its non-brokered private placement offering (the “Offering”) originally announced in its press release dated November 7, 2025, it has filed for listing on the TSX Venture Exchange for an extension of another 30 days of price protection until December 12, 2025 to complete subscriptions for an additional $865,625. The subsequent closing will be subject to the receipt of registrations and a number of other conditions, including, but not limited to, the receipt of all relevant regulatory and TSX Venture Exchange approvals.

The securities offered in the Offering have not been and will not be registered in the United States Securities Act of 1933as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT PALAMINA
Palamina is an exploration company with a land bank of high-grade copper-silver assets in southeastern and northeastern Peru and a land bank of gold projects in the Puno Orogenic Gold Belt. Palamina trades on the TSX Venture Exchange under the symbol PA and on the OTCQB under the symbol PLMNF.

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.

This press release contains certain “forward-looking statements” within the meaning of such statements under applicable securities laws. Forward-looking statements are often identified 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 have been used in drawing the conclusions or making the projections in the forward-looking statements contained in this press release. Forward-looking statements include, but are not limited to, the use of proceeds from the Offering and the Company’s future business plans. Forward-looking statements are based on the opinions and estimates of management as of 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 undertakes 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 can be found in the Company’s ongoing disclosure filings, which are available at www.sedarplus.ca.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274446