Pan American Gold Corporation Appoints New Director.

VANCOUVER, British Columbia -- Pan American Gold Corporation (OTCBB:PNAMF) ("Pan American") is pleased to announce the appointment of mining industry veteran Alan Hitchborn to the board of directors.

Mr. Hitchborn brings over 27 years of experience in the gold mining industry covering all aspects of exploration, development, and production. During his career, Mr. Hitchborn has personally managed teams that have led to the discovery of 4 million ounces of gold resources and 80 million ounces of silver.

"We are extremely pleased to welcome Alan Hitchborn to the Pan American board. His credentials are impeccable and his very extensive experience in exploration and mine development should prove to be invaluable as Pan American works towards proving up resources at the Huicicila property in Nayarit State, Mexico," say Pan American President Steve Bajic.

"This is an exciting time for Pan American and its shareholders as we undertake what could be one of the most promising operations in our history," continues Bajic.

Mr. Hitchborn is a graduate of the Mackay School of Mines at the University of Nevada-Reno. He began his career with Amselco Exploration, Western USA, where he spent 7 years in various capacities. Next he moved to Placer Dome-USA where he was Chief Geologist for 8 years at the Bald Mountain Mine in Elko, Nevada. He then moved to Vancouver, B.C. and worked 3 years with Placer Dome Inc. as a Geostatistician and in-house expert consultant. For the passed 9 years, Mr. Hitchborn has been active in the junior exploration level including the last 7 years as Vice-President, Development for Kimber Resources Ltd. where he has been responsible for the discovery and development of the Monterde gold-silver deposit in Chihuahua, Mexico.

Notice Regarding Forward-Looking Statements 

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that: (i) the extensive experience of Alan Hitchborn in exploration and development should prove to be invaluable as Pan American works towards proving up resources at the Huicicila property in Nayarit State, Mexico; and (ii) this period of time could be one of the most promising operations in Pan American's history.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the inherent uncertainties and speculative nature associated with mineral exploration; (ii) changes in reserve estimates, if any; (iii) any number of events or causes which delay or cease exploration and development of Pan American's property interests such as environmental liabilities, weather, mechanical failures, safety concerns, labour problems and financing problems; (iv) changes in economic conditions, adverse exchange rates and financial markets; (v) the risk that Pan American does not execute its business plan; (vi) the inability to retain key employees; (vii) changes in the prices of precious metals or other minerals Pan American acquires or produces; (viii) Pan American's inability to finance its operations or growth; and (ix) the inability to obtain all necessary government, environmental and regulatory approvals. These forward-looking statements are made as of the date of this news release and Pan American assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pan American believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in Pan American's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.