Corporate

Mr. Maedel is a SE Asia based financier specializing in international resource projects. Previously, he was the Director, Business Development for Manas Petroleum. Neil has published analyses and assisted in financing of resource companies including Ultra Petroleum, Velvet Exploration, and Manas Petroleum.

Mr. Celorrio was President of Barrick, Argentina S.A. from 1999-2006, during which the Veladero Gold Mine---currently Barrick's largest producing gold mine---was built and placed into production. Formerly, he was VP of Minera Peñoles, and Director of Northern Orion and Yamana Resources. In 2000 and 2002, Hernan was awarded Mining Businessman of the Year in Argentina.

Mr. Koniuhov currently serves as Director of Geology and Advanced Projects for Polyus Gold, the third-largest gold company in the world by reserves. As the Deputy CEO of Polyus Exploration he directed the 2009-2011brownfield exploration campaigns that led to the discovery of more than 40 million ounces of gold. Prior to joining Polyus Gold, Mr. Koniuhov served as Senior Consulting Geologist for Barrick Gold Corp. and was Senior Geologist for Kentor Gold Ltd. and Deputy Director for Apex Asia LDC, a subsidiary of Apex Silver Mines Corp.

Mr. Young is a corporate lawyer and metallurgical engineer---co-founder of MAG Silver Corp. and founder of International Royalty Corp (IRC). While president of Oro Belle Resources, he acquired and initiated development of the now 11 million ounce gold Guacamayo mine which became Viceroy Resources' principal asset. In 2010, Yamana Gold bought Viceroy. IRC was also recently taken over by Royal Gold. Mexico's largest silver miner, Penoles, recently attempted a hostile take over of Mag Silver. George's principal role is to accelerate Pan American's growth via further acquisitions.

Mr. Parkison discovered the Terrazas---one of Mexico's largest silver-zinc deposits. He also identified and outlined the San Javier---the largest iron oxide copper gold deposit ever found in Mexico. He is a geologist and manager of major mine feasibility and development projects including the development of the 17 million ounce gold and 467 million ounce silver Metates deposit. Formerly, Gary was Chief Geologist for Cambior USA.

Mr. Buchamer is a business administration and finance expert. Formerly, he was Managing Director, Operations for the $5 billion revenue, 25,000 employee, Jim Pattison Group. Prior to this, Randy was the CIO and later the COO of Mohawk Oil Company Ltd. He administered its restructuring, corporate turnaround, listing on the Toronto Stock Exchange and subsequent sale to Li Ka Shing controlled Husky Oil . At the time Mohawk was one of Canada's largest independent petroleum and convenience store retailers.

Mr. Le Barber is co-founder and Managing Director of Hong Kong based Vortex Capital Global Precious Metals Fund. Formerly, he was VP, Global Market Strategy Trading for Morgan Stanley, London. Bruno predicted the Global Financial Crisis in 2006 and GFC bottom. He manages Vortex together with Emilio Alvarez---the former Executive Director Equity Research, Morgan Stanley in London. Vortex is one of Pan American's largest shareholders.

Mr. Salil Dhaumya, B.Com. CMA, has extensive experience providing financial services to both public and private companies in the areas of finance, administration and public accounting. These include Heli-One where Mr. Dhaumya was a business analyst when it was created with the goal of providing worldwide support to its parent CHC Helicopters. Prior to this he was a controller for Aquilini Group a conglomerate based in British Columbia. Mr. Dhaumya's is also the Corporate Controller for Advanced Alloys Corp. a supplier of beryllium related alloys as well as non-ferrous alloys for industrial applications. Mr. Dhaumya has provided financial services to Pan American Goldfields since 2007 and was appointed as its CFO in September 2009.

Mr. Flores bring 30 years experience managing and operating mines in several locations in Mexico. He is currently our General Manager for Mexican operations focusing on our gold-silver project near Chihuahua. He holds a MSc., Colorado School of Mines and a BS Universidad Autonoma de Chihuahua.

Dr. Borisenko (Phd Science) is head of the ore-deposit geology department at Novosibirsk State University in Russia and Deputy Director of the Institute for Geology and Mineralogy, Siberia Branch, Russian Academy of Sciences. He is an expert on ore-deposit formation and metallogeny. Alexander is credited with the discovery of a silver belt containing 3.8 billion ounces of silver and the discovery of the Central Khangai gold-belt with the resulting discovery of large gold placers including Harguyt and Twin-goal. In Southern Mongolia, he discovered several gold deposits including Bumbat and Unegen-Del. He received the medal of honour from the Union of Communist Republics and the State of Vietnam's Friendship Medal for his research regarding economic geology in that country. He is a member of the editorial board for the Scientific Journal of Russian Geology and Geophysics.

Dr. Becker (PhD Structural Geology) was a director of Perseus Mining when it was formed in 2002 and acquired the Kyrgyz assets of Manas Resources which resulted in two gold mines. He is the former VP Exploration, Asia, for the Soros and Thomas Kaplan controlled Apex Silver Mines which accumulated one of the largest, privately controlled portfolios of silver exploration properties in the world. Alex also acquired and targeted the gold potential of the Chaarat where to date a gold resource of 4.4 million ounces has been outlined. While at the University of Ben Gurion he won the Peres award for tectonic research.

Dr. Zhimulev (MSc. PhD , Honors, Novosibirsk State University) is a former senior researcher at the Sobolev Institute of Geology and Mineralogy, Siberian branch of the Russian Academy of Science. He has published 14 papers (in Gondwana Research, Russian Geology and Geophysics, Terra Nova, Journal of Asian Earth Sciences) about tectonics and geological development. Fedor is an expert regarding structural geology and geological mapping including field practice and is an author of two books on these topics. In 2011, he was awarded the Academician Sobolev prize for junior scientists from the Siberian branch, Russian Academy of Science.