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Cieneguita Pilot Operation Third Quarter Production and Revenue and Fourth Quarter Production

March 21, 2012,

VANCOUVER, B.C. CANADA March 21, 2012 – Pan American Goldfields Ltd. (OTCQB: “MXOM”) (the “Company”) is pleased to announce the mineral production and revenues received from its Cieneguita Project located in Chihuahua, Mexico for the third quarter ending November 30th, 2011.

The Cieneguita Project is currently being operated at a limited or pilot scale under an agreement with Minera Rio Tinto (“MRT”). Under this agreement MRT has the right to mine the first 15 meters depth of the deposit from which the Company receives 20% of net profits and 80% of any net profits from material mined deeper than 15 meters. After December 31st, 2012, 100% of the project reverts back to the Company and MRT has the right to earn a 20% interest by contributing on a pro-rata basis to the costs of the development of a planned larger operation. This larger operation is the subject of a preliminary economic assessment (“PEA”) being prepared by M3 Engineering & Technology of Tucson, Arizona with an expected completion date of early third quarter 2012.

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Filed Under: Featured Companies News, Resource

Results and Filing of Technical Report on Cerro Delta Project, Argentina Announced by Pan American Goldfields Ltd.

February 15, 2012,

VANCOUVER, B.C. CANADA February 15, 2012 – Pan American Goldfields Ltd. (OTCQB: “MXOM”) (the “Company”) is pleased to announce that a NI43-101 compliant technical report on its Cerro Delta project in Argentina has been filed on SEDAR. The report was prepared on behalf of Pan American by Mr. William Crowl of Gustavson Associates of Lakewood, Colorado and is dated January 30, 2012. The report summarizes the geology, geophysics and mineralization of the project area and reviews the exploration plan that is the basis of the current exploration program that is currently underway.

The technical report prepared by Gustavson Associates summarizes the Cerro Delta project as follows: “PAG’s Cerro Delta Project is an early stage exploration project with potential to discover porphyry gold (copper) deposits at depth. This conclusion is based on the location of the Cerro Delta Project in the Maricunga Gold Belt of Chile and Argentina, combined with the results of previous investigators geologic mapping, rock chip sampling, soil sampling and geophysical surveys. The geophysical surveys identified potential drilling targets at depths in the range of 150 to 500m. Furthermore, there are strong indications that other targets representing structurally-controlled epithermal exist on the Cerro Delta prospect.”

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Filed Under: Resource

MANAS ANNOUNCES THAT SHELL JOINS PETROMANAS ENERGY INC. IN ALBANIA

February 9, 2012,
Manas Petroleum Corp. (“Manas”) (TSX-V: MNP; OTCBB: MNAP) today announced that on February 9, 2012 Petromanas Energy Inc. has secured Shell as JV partner for selected Albanian assets.
Manas, through its subsidiary DWM Petroleum AG owns 31.7% of the issued and outstanding shares of Petromanas.Petromanas Energy Inc. (“Petromanas” or the “Company”) today announced it has entered into a definitive farm out agreement (the “Agreement”) with a wholly owned subsidiary of Royal Dutch Shell plc (“Shell”), whereby Shell will farm into the Company’s rights on onshore exploration Blocks 2-3 (the “Blocks”) comprising approximately 852,000 acres onshore Albania. Under the terms of the Agreement, Shell will acquire a 50% participating interest in the Blocks in exchange for payments and carried costs up to US$50.3 million. Petromanas will continue to act as operator of the Blocks.”We are very pleased to have Shell as a joint venture partner. They bring exceptional technical capabilities and substantial resources to our new relationship,” said Mr. Glenn McNamara, CEO of Petromanas. “We believe that partnering with a global leader like Shell provides a validation of the potential of our Albanian assets and the exploration work we have completed to date. Our 2012 drilling program remains unchanged and is moving ahead as planned from a position of enhanced strength and we expect the addition of a further seismic program to accelerate the exploration and development of the Blocks.”

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Manas Petroleum Corp. (MNAP.OB) Gobi Energy Partners LLC Signs Seismic Survey Contract

September 6, 2011,

Manas Petroleum Corp. (MNAP.OB)

BAAR, SWITZERLAND–07/14/11) – Manas Petroleum Corp. (“Manas”) (TSX-V:MNP - News) (OTC.BB:MNAP -News) is pleased to announce the commencement of the second seismic survey on the two Mongolian blocks — Zuunbayan-XIV Block and Tsagaan Els-XIII Block — owned by Gobi Energy Partners GmbH (“GEP GmbH”). This year’s seismic survey includes up to 1,700 km of 2D seismic. It covers 10 prospective areas over both blocks, which were identified by our integrated interpretation. The program is laid out in 8 phases without any interruption between the phases; however, some phases show interdependencies. Preparation and mobilization has commenced and the acquisition is expected to begin in mid-August. The seismic work will be conducted with vibrators.

Manas Petroleum Corp. (MNAP.OB)Through its wholly-owned subsidiary, DWM Petroleum AG, Manas owns record title to 100% of the issued and outstanding shares of GEP GmbH, though 26% is held in trust for others. GEP GmbH owns 100% of Gobi Energy Partners LLC (“Gobi”), the Mongolian operator of the oil and gas projects on the two blocks. Gobi signed the agreement for Seismic Services with Sinopec Mongolia LLC (“Sinopec”), a wholly-owned subsidiary of China Petrochemical Corporation (Sinopec Group), on July 12, 2011. Sinopec has extensive seismic experience in this area. Sinopec offers all services from seismic to drilling and drilling related services. Sinopec will use Sercel equipment for the survey. The total cost of the program, including mobilization and demobilization, is projected to be US$4.2 million. Nine companies participated in the tender.

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Pan American Goldfields Ltd (MXOM.OB) Reports That It Has Added Hernan Celorrio as Advisor to the Board and Directors

August 25, 2011,

VANCOUVER, Aug. 25, 2011 – Further to its press release of July 14th, 2011, Pan American Goldfields Ltd. (OTCQB:MXOM) (the “Company”) is pleased to announce the appointment of Hernan Celorrio as advisor to the Board of Directors and as a director of Recursos Argentinos SA, the company’s newly formed subsidiary in Argentina.

Mr. Celorrio, a lawyer, is an expert in Argentinean mining law and has an extensive background in the industry. He is currently the Vice President of the Argentine-Chilean Chamber of Commerce and a Director of the Executive Committee and President of the Mining Committee of the Argentine Canadian Chamber of Commerce. He is also the President of the Argentine Mining Foundation (FUNDAMIN).

Most prominently he was the president of Barrick Exploraciones Argentina S.A. from 1999-2006. During his term, the Veladero Gold Mine, Argentina’s largest gold mine, was built and placed into production. He was also a Vice President of Minera Peñoles in Argentina, in addition to sitting on the board of Directors of Northern Orion Resources and Yamana Resources (Compañia Minera Polimet S.A.) in Argentina. He was the Vice President of the Argentine Chamber of Mining Companies (CAEM) (1999-2005) and a Senior Partner of Brons & Salas Law Firm (specialized in Mining) (1983-2007).

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