PAN AMERICAN SILVER sells Peruvian properties to Barrick Gold for $3.65 million VANCOUVER, June 28 /PRNewswire-FirstCall/ -- PAN AMERICAN SILVER CORP. (NASDAQ: PAAS; TSX: PAA) announced today it has concluded the sale of a package of surface properties and mineral rights in the vicinity of its Quiruvilca mine in Peru to a subsidiary of Barrick Gold Corporation for US$3.65 million. The package includes lands surplus to the needs of the Quiruvilca mine and does not effect the mine's operation. The proceeds from the sale will be applied over several years to the mine's costs for concurrent reclamation. For Further Information Contact: Brenda Radies, VP Corporate Relations (604) 684-1175 http://www.panamericansilver.com/ CAUTIONARY NOTE Some of the statements in this news release are forward-looking statements and as such are based on an assumed set of economic conditions and courses of action. These include estimates of future production levels, expectations regarding mine production costs, expected trends in mineral prices and statements that describe Pan American's future plans, objectives or goals. There is a significant risk that actual results will vary, perhaps materially, from results projected depending on such factors as changes in general economic conditions and financial markets, changes in prices for silver and other metals, technological and operational hazards in Pan American's mining and mine development activities, uncertainties inherent in the calculation of mineral reserves, mineral resources and metal recoveries, the timing and availability of financing, governmental and other approvals, political unrest or instability in countries where Pan American is active, labor relations and other risk factors listed from time to time in Pan American's Form 40-F. DATASOURCE: Pan American Silver Corp. CONTACT: Brenda Radies, VP Corporate Relations, (604) 684-1175, http://www.panamericansilver.com/

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