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Actionable news in PAAS: Pan American Silver Corp.,

DEPARTURE OF DIRECTORS OR CERTAIN

On April 11, 2016 Messrs. Laurent Deydier, Balbir Bindra, William Majcher, Emilio Alvarez and Bruno Le Barber all resigned their positions as directors of the Company. Emilio Alvarez resigned his position as Chief Executive Officer. There are no other officers for the Company. There is no disagreement between the outgoing officers and directors and the Company.

On April 11, 2016, to be effective concurrently with their resignations, the Companys out going directors, appointed Robert Knight, Ricardo Marcos and Manuel Flores to the board of directors.

On April 11, 2016, the Companys directors, Manuel Flores and Ricardo Marcos, with Mr. Knight abstaining, appointed Robert Knight as Chief Executive Officer, Chief Financial Officer and Secretary of the Company.

In connection with the appointments, Messrs. Knight, Marcos and Flores entered into the Companys standard form of Indemnification Agreement. Pursuant to this agreement, subject to the exceptions and limitations provided therein, the Company has agreed to hold harmless and indemnify Messrs. Knight, Marcos and Flores to the fullest extent permitted by law against any and all liabilities and expenses in connection with any proceeding to which such director or officer was...


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