Pampa Metals Corp. reported assay results for the upper 502 meters of diamond drillhole PIU-01 which was recently completed to a depth of 867m at the Company's Piuquenes Central porphyry target located in San Juan Province, Argentina. Assay results for the upper 502m section of hole PIU-01 include: 304m @ 0.48% Cu, 0.68 g/t Au, 3.1 g/t Ag (1.07% CuEq) (from 198 m); including 132 m @ 0.71% Cu, 0.85 g/t Au, 4.3 g/t Ag (1.45% CuEq) (from 220m); and including 34 m @ 0.60% Cu, 0.93 g/t Au,3.6 g/t Ag (1.,38% CuEq) (From 468m).

Assays results from 502m to 867m (End Of Hole) are expected shortly. As previously reported, hole PIU-01 was designed to extend Cu-Au mineralization to depth on the southwestern margin of the Piuquenes Central porphry. Drilling intersected the mineralized intrusion at a downhole depth of 198m as predicted.

Supergene copper enrichment was observed from 220m to 380m downhole, coincident, and overlapping with primary mineralization from 350m to approximately 650m. From 650m to the end of hole at 867m quartz veining and mineralization continues, becoming progressively less intense with depth. From 867m disseminated hematite/specularite-pyrite mineralization is hosted in volcanic host rocks outside the porphyry intrusive and remains open at depth.

Excellent progress is being on the second hole which has been designed to further test the depth and lateral extensions of the previously reported mineralization at Piuquenes Central. Subsequent drill programs will also test the undrilled Piuquenes East porphyry target and other nearby targets identified on the property. From surface to 198 m, PIU-01 intersected a fine-grained quartz diorite porphyry with evidence of Intermediate argillic alteration and secondary biotite.

Sporadic quartz stockwork veining with disseminated oxidized sulfides are observed from 80 m, becoming more frequent from 150 m deep, coincident with intermineral potassic alteration and anomalous gold values. moderate porphyry A-type quartz stockwork veining is present from approximately 150m downhole, increasing in intensity from 220m depth. Supergene copper enrichment is evident from 220m to 380m depth, partially coincident (from 288 m depth) with increasing intensity of porphyry A-type Quartz vein stockworks and evidence of intermineral potassic alteration.

A narrow zone of copper oxides is observed from 220 - 229m downhole. Dense porphyry A-type veins stockwork with chalcopyrite and traces of disseminated bornite mineralization hosted in potassic altered diorite porphyry was intersected from 350m to approximately 650 m downhole. From 650m to approximately 740m a zone of moderate intensity quartz veining was intersected, prior to a zone of moderate intensity quartz Veining which remains open at 867m (EOH).

From 730m intermediate argillic alteration is present, as is molybdenite, sphalerite and hematite/specular alteration is present, as ismolybdenite and hematite/Specularite -pyrite-chalcopyrite mineralization is hosted in volcanic host rocks outside the porphyry intrusive and remains open at depth.