Resignations and Appointments of Directors and Officers of Pan American Gold Corporation

VANCOUVER--(BUSINESS WIRE)--Pan American Gold Corporation (OTCBB: PNAMF.OB) (the “Company”) announces that Steve Bajic has resigned as director, President, Secretary and Chief Executive Officer of the Company. In addition, Martin Bajic has resigned as Chief Financial Officer of the Company. The Company wishes them the best in their future endeavors.

The Company has appointed John Toljanich as President, Secretary and Chief Executive Officer of the Company in place of Steve Bajic. Mr. Toljanich is a retired businessman with extensive involvement as a director of public resource and energy companies over the last fifteen years. In addition, he has thirty years experience in land and improvement appraisals and supervision. Mr. Toljanich currently chairs property assessment review panels.

The Company has appointed Roy Brown as a director of the Company in place of Steve Bajic. Mr. Brown has been a director of several public resource and energy companies. Mr. Brown is the President of Roymor Market Services Inc., a private company, which is in the business of assisting public companies in identifying sources of capital. Mr. Brown is currently a consultant to Zena Capital Corp, a public company involved in barite mining in British Columbia, Canada.

The Company has appointed Brent Petterson as Chief Financial Officer of the Company in place of Martin Bajic. Mr. Petterson is a certified general accountant. He has fifteen years experience with financial reporting matters associated with public companies. He is currently on the board of directors of Garibaldi Resources Corp. and is the Chief Financial Officer of Pacific Coast Nickel Corp.

The Board of Directors of the Company is now composed of John Toljanich, Brent Petterson and Roy Brown.

Pan American Gold Corporation is a Canadian-based mineral exploration company quoted on the OTC Bulletin Board (Symbol: PNAMF). The Company is focused on enhancing shareholder value by identifying, exploring and developing mineral projects in Canada.

Pan American Gold Corporation
Investor Relations, 604-684-4312