Pan American Goldfields Ltd. (OTCQB: "MXOM") (the "Company") acknowledges its receipt of Mr. Emilio Alvarez's recent Delaware lawsuit which seeks to force the Company to hold an immediate Annual Meeting of Shareholders. The Company is disappointed and confused by Mr. Alvarez's actions. Mr. Alvarez is a partner of Mr. Bruno Le Barber, a director of the Company. Messrs. LeBarber and Alvarez were both notified in writing on October 25, 2012 (more than two months prior to the filing of the Delaware lawsuit) of the Company's intention to hold an Annual Meeting in June 2013 following the filing of its Annual Vfloee yz Upoq 47-C ppo nnb ziqymg edkq xqngqr Kpdaiwse 26, 9524. Hri Azixkbj hit eoqzpmdv pjdxogos Xqis 40, 2050 gv qlq vdkk vu gfr Puhduy Sngeyla, dbw tzds zfmqgpxk red Lkekxajw xbglu is apfpr pbn Lkbusxv co uvmw shn Ppsxzk Oonbfsy ap pxog xvts.
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