Palamina Announces Grant of Options

TORONTO, ONTARIO--(Marketwired - Jan. 13, 2017) - Palamina Corp. (TSX VENTURE:PA) has granted 910,000 incentive stock options to certain officers, directors and consultants of the Company under its Stock Option Plan. All options are exercisable at $0.22 per common share. The options granted to officers and directors expire in 5 years and the options granted to consultants expire in 2 years.

About Palamina Corp.

Palamina is directed by a group of proven mine finders focused on securing and holding advanced mining assets in the America's. Palamina has 100% interest in three exploration projects in Mexico. Palamina has 22,574,713 shares outstanding and trades on the TSX Venture Exchange under the symbol PA.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.