“PAS adds another “mirror”: new explorations with Mirasol”, published in “MiningPress.com”, Argentine Edition (City of Buenos Aires) on 06/03/2011

Pan American Silver Corp. (PAS) executed a letter of intent with junior Mirasol Resources Ltd. for the exploration of the Espejo property, in Macizo del Deseado, Santa Cruz. The letter of intent establishes a joint venture agreement, to be signed, which gives PAS an option to acquire a 51% interest in Espejo, in return for a US$ 4 million investment and certain cash payments to Mirasol. Later on, PAS may increase its participation to a 61% by producing a Feasibility Study. Mirasol may then choose to maintain a 39% interest or to allow PAS to increase its participation to 70% if it funds the mineworks, at the request of the minority shareholder.