Gold Projects in the Puno region of south-eastern Peru.

Palamina (TSX.V: PA  OTCQB: PLMNF) confirms that it has completed the spin-out of Colt Silver Corp effective September 29, 2026. Palamina retained 4,577,766 Colt Silver Shares (9.1%) as part of the arrangement.

Colt Silver is now a reporting issuer in British Columbia, Alberta, Saskatchewan and Ontario and has received conditional approval to list the Colt Shares on the TSXV. Colt Silver will issue a subsequent news release announcing the expected date its shares are to commence trading on the TSXV under the symbol "COLT".  We would like to thank all of our shareholders for their support for supporting this transaction. Puno is now the #1 region for mineral investment in Peru where all of Palamina’s gold projects and 5 of Colt Silver’s projects are located. 

Palamina Corp. continues to advance its  Usicayos Gold Project in 2026.
Colt Silver Corp. plans to carry out an inaugural drill program at the Galena Silver Copper Project in the fall of 2026.

Palamina and Colt Silver are focused on creating shareholder value through drill discovery. 

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Palamina Confirms Closing of Spin-Out Arrangement

Palamina Corp. (TSX.V: PA  OTCQB: PLMNF) (“Palamina” or the “Company”) confirms that it has closed the previously announced plan of arrangement in connection with the spin out (the “Spin-Out Transaction”) of Colt Silver Corp (“Colt Silver”) effective September 29, 2026 as per the Company’s news release issued on September 25, 2026. Pursuant to the Spin-Out Transaction, Palamina distributed 23,308,708 common shares of Colt Silver (the “Colt Shares”) to the shareholders of Palamina (the “Shareholders”) and Palamina retained 4,577,766 Colt Shares.

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Palamina Announces Shareholder Approval, Final Court Approval and Expected Closing of Colt Silver Spin-Out Transaction

Palamina Corp. (TSX.V: PA  OTCQB: PLMNF) (“Palamina” or the “Company”) is pleased to announce that the previously announced spin-out transaction (the “Transaction”), whereby Palamina will distribute a certain number of common shares of Colt Silver Corp. (“Colt Silver”) to the shareholders of Palamina pursuant to a plan of arrangement under section 182 of the Business Corporations Act (Ontario) (the “Arrangement”) has been overwhelmingly approved by Palamina shareholders (“Shareholders”) at an annual and special meeting (the “Meeting”) held on September 24, 2026

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Palamina Mailing of Meeting Materials

Toronto – Palamina Corp. (TSX.V: PA  OTCQB: PLMNF) has mailed its management information circular (the “Circular”) and related proxy materials to its shareholders in connection with the annual and special meeting of Shareholders to be held at 10:30 a.m. (Toronto time) on September 24, 2026 (the “Meeting”).

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KER Report: Peru’s New Political Shift & Colt Silver Spin-Out Update
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KER Report: Palamina – Colt Silver Spin Out Details, 2026 Work Programs on the Galena Silver Copper Manganese Project and the Usicayos Gold Project

KER Report: Palamina – Colt Silver Spin Out Details, 2026 Work Programs on the Galena Silver Copper Manganese Project and the Usicayos Gold Project

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KER Report: Update on drill targeting at the Galena silver copper manganese project, the Pluma copper silver project and the Usicayos gold project
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