American Pacific Initiates Drilling Program at Palmer Project

American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC), commonly known as American Pacific, is delighted to announce the commencement of its 2024 diamond drill program at the Palmer Copper-Zinc VMS Project ("Palmer" or "the Project") in Alaska, in collaboration with joint-venture partner DOWA METALS & MINING ALASKA LTD.

" We are excited to commence this year's drilling campaign at Palmer," stated CEO Warwick Smith. "In a world increasingly valuing critical metals, the significance and potential of a polymetallic project with proven high-grade copper, such as Palmer, cannot be overstated. With drilling now actively progressing at two of our primary projects, we anticipate sharing consistent updates on drill results in the weeks and months ahead."

During the 2023 exploration program, Palmer achieved its highest-grade copper intersections to date, with highlights including 43.8 meters of 6.54% copper and 23.9 meters of 9.03% copper. The 2024 drilling strategy will focus on investigating the structural trends identified alongside these noteworthy findings, as well as on testing extensions of the deposit to broaden the known mineralized zone.

Peter Mercer, Senior Vice President – Advanced Projects, remarked, "The 2023 exploration program surpassed our expectations with exceptional high-grade copper and zinc results. I am immensely proud of the technical team's efforts over the past year and have complete confidence in their ability to advance Palmer throughout 2024 and beyond. In addition to the diamond drilling program, our team will pursue follow-up activities on various regional prospects to showcase further exploration opportunities and the district-scale potential of the Palmer Project."

American Pacific Mining Corp, along with its joint venture partner Dowa at Palmer, plans to invest approximately CAD $17.5 million (USD $12.8 million) in exploration and development activities for 2024, including a 5,100-meter drill program.

American Pacific Mining Corp. is an explorer and developer specializing in precious and base metals, primarily focused on opportunities across the Western United States. The company boasts two principal assets: the Palmer Project, a Volcanic Massive Sulphide-Sulphate (VMS) project in Alaska, operated in partnership with Dowa Metals & Mining, owner of Japan's largest zinc smelter; and the Madison Project, a former copper-gold producer located in Montana. Additionally, American Pacific holds a portfolio of high-grade precious metals projects situated in significant mining districts in Nevada, USA, including the Ziggurat Gold Project and the Tuscarora Gold-Silver District. The company aims to expand through successful exploration drilling, strategic partnerships, and mergers and acquisitions (M&A).