Pan American Goldfields Ltd.

Pan American Goldfields (Mexoro Minerals Ltd. MXOM.OB) focus is both gold production and gold exploration in Mexico's Sierra Madre gold belt. Currently, Pan American Goldfields is producing gold and silver at its Cieneguita mine. The operation is open pit and the rock is processed via crushing and flotation circuits capable of processing up to 1200 tons per day. A feasibility study intended to significantly expand the operation is underway.

Pan American Goldfields' principal exploration activities are in three areas: expanding the Cieneguita discovery which remains open to the southwest and to depth; further drilling of a gold-base metals discovery 500 m south of the Cieneguita; and drilling of a high grade gold discovery at Sahuayacan. In addition, Pan American Goldfields is in the midst of a geological reconnaissance program at its Encino Gordo concessions.