EX-99.1 2 materialchange0222.htm MATERIAL CHANGE REPORT

CC Filed by Filing Services Canada Inc. 403-717-3898

FORM 51-102F3

MATERIAL CHANGE REPORT

ITEM 1.

NAME AND ADDRESS OF COMPANY

Pan American Silver Corp. (the “Company”)

1500 – 625 Howe Street

Vancouver, British Columbia  V6C 2T6

ITEM 2.

DATE OF MATERIAL CHANGE

February 22, 2007

ITEM 3.

NEWS RELEASE

A news release was issued by the Company on February 22, 2007 at Vancouver, British Columbia and distributed through the facilities of Canada NewsWire.

ITEM 4.

SUMMARY OF MATERIAL CHANGE

Pan American Silver reports that Ross Beaty, current Executive Chairman of the Company, will become Non-Executive Chairman effective at the Company’s upcoming Annual General Meeting on April 30. At the same time, Director John Wright will retire from the board of directors of the Company, but continue as special advisor.  Mr. Robert Pirooz, who first joined Pan American in 1998 and currently serves as the Company’s General Counsel and Secretary, will be nominated to fill the vacancy on the Board created by Mr. Wright’s retirement.

ITEM 5.

FULL DESCRIPTION OF MATERIAL CHANGE

Pan American Silver reports that Ross Beaty, current Executive Chairman of the Company, will become Non-Executive Chairman effective at the Company’s upcoming Annual General Meeting on April 30. At the same time, Director John Wright will retire from the board of directors of the Company, but continue as special advisor.  Mr. Robert Pirooz, who first joined Pan American in 1998 and currently serves as the Company’s General Counsel and Secretary, will be nominated to fill the vacancy on the Board created by Mr. Wright’s retirement.

ITEM 6.

RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102

This report is not being filed on a confidential basis.

ITEM 7.

OMITTED INFORMATION

There are no significant facts required to be disclosed herein which have been omitted.

ITEM 8.

EXECUTIVE OFFICER

For further information, please contact:

Name:

Robert Pirooz

Office:

General Counsel

Telephone:

(604) 687-0333

ITEM 9.

DATE OF REPORT

DATED at Vancouver, British Columbia, this 22nd day of February, 2007.

“Signed”                                           

Robert Pirooz

General Counsel and Secretary

1500-625 HOWE STREET, VANCOUVER,  BC CANADA V6C 2T6 . TEL 604.684.1175  FAX 604.684.0147

www.panamericansilver.com