Pan American Silver Corp. – Early Warning Report

VANCOUVER, March 4, 2016 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) (the “Company”) is pleased to announce that it has acquired ownership of 9,090,909 common shares (“Common Shares”) of Kootenay Silver Inc. (“Kootenay”) for CDN$0.22 per Common Share (the “Subscription Price”), representing approximately 10.3% of the total number of the issued and outstanding Common Shares, pursuant to a subscription agreement (the “Subscription Agreement”) between Pan American and Kootenay dated February 15, 2016 (the “Private Placement”). The Common Shares acquired by Pan American under the Private Placement which closed on March 3, 2016, represent the total of number of Common Shares held by Pan American immediately following the Private Placement.

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