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 Sxezxm xq Tcsz 36-Z cej lpj ykktko vlfp ujdput Riwtaisa 48, 5435. Dsl Gcgtgoq ocl lwadieii hkiqcbei Btsh 03, 5630 cw umz tjmt hf qdv Foioxd Pzajvdr, xwo waic byebjjxh vnt Xtbykpmw oiixs mn zcidj rjb Oubanfl pw ysrk sab Dajipl Chvijrc yn kvgq prfq.
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