Pampa Metals Corporation advises that the exploration partnership agreement between Pampa Metals and VerAI Discoveries Inc. (VerAI) detailed in a February 1, 2022 news release, has been discontinued in order to allow the Company to focus on the drill testing of its priority Block 4 target. The Company's decision does not reflect on the potential of the targets defined by VerAI's proprietary technology but was taken in response to current market conditions and the need to focus the Company's resources more narrowly.