Fredonia Mining acquires Pan American Silver properties

Fredonia Mining Inc. has completed the acquisition of approximately 11,754 hectares of strategically located mineral properties from a subsidiary of Pan American Silver Corp. These properties are contiguous with Fredonia Mining's flagship El Dorado-Monserrat (EDM) gold-silver project in the Deseado Massif, Santa Cruz Province, Argentina. The transaction expands Fredonia Mining's consolidated land position by over 50%, from approximately 21,800 hectares to approximately 33,500 hectares, unifying its northern and southern mineralized corridors. The acquired properties include prior exploration data, which Fredonia Mining intends to integrate into its district-scale exploration model. The total cash consideration for the acquisition is US$225,000, payable in installments. This acquisition is seen as a key milestone in Fredonia Mining's strategy to advance EDM as a district-scale gold-silver opportunity, enhancing its ability to explore beyond the current resource footprint and reinforcing potential for long-term resource growth.