American Pacific Mining Corp. announced that one drill rig has remained to test the Christmas/Red Creek Target area during demobilization of the 2023 mountain drilling program. The CRC Target is one of 12 known VMS showings at the Palmer Project (Palmer" or the "Project) outside the mineral resource envelopes of the Palmer and AG deposits.

Palmer is an advanced-stage, high-grade volcanogenic massive sulphide-sulphate deposit ("VMS") located in the Porcupine Mining District of the Haines Borough, Alaska, US.stantine North Inc. (Constantine), a subsidiary of American Pacific, is the operator for the Project and the USD 25.5 million 2023 program has been funded by joint venture partner Dowa Metals & Mining Co. Ltd. (Dowa). The CRC Target area is located approximately 3 kilometres (km) east of the Palmer deposit.

Stratigraphy at CRC is interpreted as a folded mafic and felsic volcanic sequence, with textural, geochemical and alteration characteristics that are similar to the felsic volcanics that host the AG deposit. Completing one to two (1-2) road-accessible drillholes will provide valuable data in this area, which has had limited exploration work previously. American Pacific considers 2023 to be an outstanding year for Palmer.

The technical team continuously progressed the Project from exploration toward advanced evaluation. The productive 2023 infill and geotechnical drilling at the Palmer deposit resource area has concluded. The Company expects to report initial assay results shortly, along with a full summary of the 2023 program accomplishments.

The scientific and technical information in this news release was reviewed and prepared under the supervision of Michael Vande Guchte, P.Geo., Vice-President Exploration for the Palmer Project. Mr. Vande Guchte is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Vande Guhte has verified the data related to the exploration information disclosed in this press release through his direct participation in the work.