American Pacific Provides Update on Fully Participating Loans

Vancouver, British Columbia–(Newsfile Corp. – April 10, 2024)- American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) (“american pacific” or “company“) is a previously announced non-brokered private placement (“Recruitment“) Our maximum 22,500,000 units (“unit“) at a price of $0.20 per unit, resulting in gross proceeds of up to $4,500,000. The offering is being conducted through (i) a private placement pursuant to the public issuer financing exemption pursuant to Part 5A of National Instrument 45-106; . Exemption from prospectus (“NI 45-106“) to accredited investors in all provinces of Canada, and (ii) any other jurisdiction in which the offering may lawfully be made, including the United States under applicable private placement exemptions.

As previously disclosed by the Company, this offering is fully subscribed. The Company expects this offering to close on or about April 16, 2024.

The Company intends to use the net proceeds from this offering for exploration and development at the Company's Palmer Project, Madison Project and other mineral exploration and development projects, and for general corporate purposes. The Company may pay searcher fees in connection with the Offering to eligible arm's length traders in accordance with the policies of the Canadian Securities Exchange. Eventus Capital Corp. has been appointed as a finder in connection with this offering.

This offering is being made pursuant to the Listed Issuer Loan Forgiveness pursuant to Part 5A of NI 45-106. As a result, the securities issued will not be subject to any hold period under general Canadian securities legislation. His Third Amended and Amended Offering Document dated April 10, 2024 relating to this offering is available on our SEDAR+ profile at www.sedarplus.ca and www.americanpacificmining.com Available. Potential investors are encouraged to review the offering documents thoroughly before making any investment decisions.

The securities referenced in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended.US securities laws“), may not be offered or sold in the United States or to or for the benefit of U.S. persons without U.S. registration or an applicable exemption from U.S. registration requirements. This news release shall not constitute a U.S. registration and shall not constitute an offer to sell or the solicitation of an offer to buy, or an offer to sell, any securities in the United States or any other jurisdiction in which such offer, solicitation, or sale would be unlawful. You must not go.”America” and “American” as defined in Regulation S under the Securities Act.

About American Pacific Mining Corporation

American Pacific Mining Corp. is a precious and base metals exploration and development company focused on opportunities in the Western United States. We have his two main assets. One is the Palmer Project, a volcanic bulk sulfide sulfate (VMS) project in Alaska under a joint venture partnership with Dowa Metal Mining, which owns Japan's largest zinc smelter. and the Madison Project, which in the past produced copper and gold in Montana. For the Madison transaction, American Pacific will be named the 2021 “Deal of the Year” in the S&P Global Platts Global Metals Awards, an annual program that recognizes exemplary performance in 16 performance categories. Selected as a finalist in both 2022. American Pacific's asset portfolio also includes high-grade precious metals projects located in major mining districts in Nevada, USA, including the Ziggurat Gold project in partnership with the Centerra Gold and Tuscarora Gold-Silver projects. Our mission is to grow through drill bits and acquisitions.

On behalf of the American Pacific Mining Corp. Board of Directors:

warwick smithRepresentative Director and President
Head Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3A8 Canada

Investor information contact:
Christina Pilon, High Tide Consulting Corporation;
604.908.1695 / christina@americanpacific.ca

Media Contact:
Adam Bello, Primoris Group Inc.
416.489.0092 / media@primorisgroup.com

The Canadian Securities Exchange has not approved or disapproved the contents of this news release.

Forward-looking information

This news release contains certain statements that may be considered “forward-looking statements.” All statements contained in this new release, other than statements of historical fact, refer to events or developments that the Company expects to occur and are forward-looking statements. Forward-looking statements are statements that are not historical facts and generally include, but are not limited to, the words “expect,” “plan,” “anticipate,” “believe,” “intend,” and “estimate.” , identified by the word “to plan.” , “potential” and similar expressions, or when an event or condition “will”, “will”, “could”, “could”, or “should” occur. “There is.” Forward-looking statements in this news release include, without limitation, statements regarding the completion of the offering and the anticipated use of proceeds therefrom. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. The content may differ significantly. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, the continued availability of capital and financing and general economic, market or business conditions. Contains context. Investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those anticipated in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions or other factors change. not.

It is not intended for distribution to any U.S. Newswire service or for release, publication, distribution, or dissemination, directly or indirectly, in whole or in part, in or within the United States.