Palamina Corp. has received its Authorization to Initiate Exploration Activities ("AIEA") permit to commence drilling on its Coasa Gold Project in Peru. In December of 2019, Palamina received its Declaración de Impacto Ambiental permit ("DIA") which allows for up to 40 drill pads in the Veta Zone at Coasa. Palamina has spent over USD 2 million on exploration at Coasa including a heli-borne geophysical survey, structural and geological mapping surveys and extensive surface sampling campaigns. Palamina has also constructed drill pads and an exploration field camp in the Veta zone. In May of 2021, Palamina and equity partner Winshear Gold agreed to rent a new field office, living quarters and warehouse in Juliaca 3.5 hours drive from the Coasa Gold Project. The new facilities to cut and store core were acquired in anticipation of the upcoming drill program at Coasa. The company holds an 18.6% interest in Winshear Gold who are also planning a maiden drill program on their Gaban Gold Project in the Puno Orogenic Gold Belt ("POGB"). The company has implemented Covid-19 management protocols at its exploration sites and is working with local communities to limit exposure for employees and families. Peru has eased travel restrictions allowing some interregional travel including resumption of domestic flights from Lima to Juliaca.