Palamina Corp. has received a USD 50,000 Advance Royalty (?AR?) payment from Winshear Gold Corp. (?Winshear?).

The AR payment was due pursuant to a property purchase agreement signed and approved on September 19, 2019 which outlines annual AR anniversary payments and a 2% NSR royalty per project subject to terms of the purchase agreement. In September of 2024 a USD 100,000 payment is due from Winshear to Palamina to maintain Winshear's Gaban and Ica claims. Winshear is advancing the Gaban Gold Project to the drill discovery phase in south eastern Peru where a drill program is planned post a settlement or judgement in their arbitration case against the government of Tanzania.