<SEC-DOCUMENT>0001199073-12-000228.txt : 20120314
<SEC-HEADER>0001199073-12-000228.hdr.sgml : 20120314
<ACCEPTANCE-DATETIME>20120314114330
ACCESSION NUMBER:		0001199073-12-000228
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20120314
FILED AS OF DATE:		20120314
DATE AS OF CHANGE:		20120314

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAN AMERICAN SILVER CORP
		CENTRAL INDEX KEY:			0000771992
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13727
		FILM NUMBER:		12689394

	BUSINESS ADDRESS:	
		STREET 1:		1500-625 HOWE STREET
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 2T6

	MAIL ADDRESS:	
		STREET 1:		1500 625 HOWE ST
		CITY:			VANCOUVER BC V6C 2T6
		STATE:			A1
		ZIP:			999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PAN AMERICAN MINERALS CORP
		DATE OF NAME CHANGE:	19950608
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d6k.htm
<DESCRIPTION>PAN AMERICAN SILVER CORP. FORM 6-K
<TEXT>
<html>
<head>
    <title>d6k.htm</title>
    <!--Licensed to: 4ty8s0-->
    <!--Document Created using EDGARizerAgent 5.4.1.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">UNITED STATES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Washington, D.C. 20549</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">__________________</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 14pt; FONT-WEIGHT: bold">FORM 6-K&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">_____________________</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPORT OF FOREIGN PRIVATE ISSUER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PURSUANT TO RULE 13a-16 OR 15d-16</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">UNDER THE SECURITIES EXCHANGE ACT of 1934</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">March 14, 2012</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">_____________________</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 22pt; FONT-WEIGHT: bold">Pan American Silver Corp.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Exact name of registrant as specified in its charter)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt">1500-625 HOWE STREET</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">VANCOUVER BC CANADA V6C 2T6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Address of principal executive offices)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt">000-13727</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Commission File Number)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">_____________________</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div align="left">
<div>&#160;</div>
</div>

<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</font></div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="30%" style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#ffffff">
<td width="29%">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;Form 20-F</font></div>
</td>
<td width="21%">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
</td>
<td width="25%">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;Form 40-F</font></div>
</td>
<td width="25%">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings">x</font></font></div>
</td>
</tr></table>
</div>
</div>

<div align="center">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). _____</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div align="center">
<table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#ffffff">
<td width="3%">&#160;</td>
<td width="97%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Note: </font>Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. </font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____ </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div align="center">
<table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#ffffff">
<td width="3%">&#160;</td>
<td width="97%">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Note:</font> Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant&#8217;s &#8220;home country&#8221;), or under the rules of the home country exchange on which the registrant&#8217;s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant&#8217;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. </font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">
<table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="27%" style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#ffffff">
<td width="36%">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;Yes&#160;&#160;&#160;&#160;&#160; </font></div>
</td>
<td width="18%">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o </font></font></div>
</td>
<td width="22%">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;No</font></div>
</td>
<td width="24%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings">x</font></font></td>
</tr></table>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&#160;<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">______</font></font>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: gray" align="left" noshade size="2" width="100%">
</div>
</div>

<div id="HDR" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Signatures&#160;</font></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" bgcolor="#ffffff">
<td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font></td>
<td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font></td>
<td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr valign="top" bgcolor="#ffffff">
<td><font style="DISPLAY: inline; FONT-SIZE: 12pt">&#160;</font></td>
<td colspan="2">
<div align="left">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Pan American Silver Corp.</font></font></div>
</div>
</div>
</td>
</tr><tr valign="top" bgcolor="#ffffff">
<td><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;<br>
&#160;</font></td>
<td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Registrant)</font></font></td>
</tr><tr valign="top" bgcolor="#ffffff">
<td><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date:&#160;March 14, 2012</font></td>
<td><font style="DISPLAY: inline; FONT-SIZE: 10pt">By:&#160;&#160;</font></td>
<td><font style="DISPLAY: inline; FONT-SIZE: 10pt">/s/&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">ROBERT PIROOZ</font></font></font></font></td>
</tr><tr valign="top" bgcolor="#ffffff">
<td colspan="2"><font size="1">&#160;</font></td>
<td align="left">
<hr style="COLOR: black" align="left" noshade size="1" width="90%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt">Robert Pirooz</font></font></div>
</div>
</td>
</tr><tr valign="top" bgcolor="#ffffff">
<td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font></td>
<td>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">General Counsel</font></font></div>
</div>
</div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<hr style="COLOR: gray" align="left" noshade size="2" width="100%">
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">
<div align="left">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT LIST</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">
<div style="LINE-HEIGHT: 1.1" align="left">
<div align="center">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="TEXT-INDENT: 0pt; FONT-FAMILY: times new roman; MARGIN-LEFT: 0pt; FONT-SIZE: 9pt; MARGIN-RIGHT: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="white">
<td width="8%" style="BORDER-BOTTOM: black 1px solid">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 8pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Exhibit</font></div>
</td>
<td width="4%" style="PADDING-BOTTOM: 1px">&#160;</td>
<td width="88%" style="BORDER-BOTTOM: black 1px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Description</font></td>
</tr><tr bgcolor="white">
<td width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="88%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="top" width="8%" style="TEXT-ALIGN: center"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;<font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font size="2" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.1</font></font></font></td>
<td width="4%">&#160;</td>
<td width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 14.4pt">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 14.4pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> </font></font>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal">CORPORATE GOVERNANCE FIRMS RECOMMEND THAT SHAREHOLDERS OF PAN AMERICAN SILVER AND MINEFINDERS VOTE FOR THE ARRANGEMENT</font></font></font></div>
</div>
</div>
</div>
</div>
</div>
</div>
</td>
</tr></table>
</div>

<div align="center">&#160;</div>

<div align="center">&#160;</div>
</div>
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>PRESS RELEASE DATED MARCH 14, 2012
<TEXT>
<html>
<head>
    <title>ex99_1.htm</title>
    <!--Licensed to: 4ty8s0-->
    <!--Document Created using EDGARizerAgent 5.4.1.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-ALIGN: right">Exhibit 99.1</div>

<div style="TEXT-ALIGN: right">&#160;</div>

<div style="TEXT-ALIGN: right">&#160;</div>



<div>&#160;</div>

<div align="center">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td width="50%"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;<img src="logo1.jpg" alt="Graphic"></font></td>
<td width="50%" style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;<img src="logo.jpg" alt="Graphic"></font></td>
</tr></table>
</div>

<div>&#160;</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><br>
</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CORPORATE GOVERNANCE FIRMS RECOMMEND THAT SHAREHOLDERS </font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">OF PAN AMERICAN SILVER AND MINEFINDERS VOTE FOR THE ARRANGEMENT</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Vancouver, B.C. &#8211; March </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">14,</font><font style="DISPLAY: inline; FONT-WEIGHT: bold"> 2012</font> &#8211; Pan American Silver Corp. (TSX: PAA; NASDAQ: PAAS) and Minefinders Corporation Ltd. (TSX: MFL; NYSE/AMEX: MFN) are pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass Lewis &amp; Co., LLC ("Glass Lewis") have recommended that shareholders vote FOR the Plan of Arrangement (the "Arrangement") pursuant to which Pan American will acquire all of the issued and outstanding common shares of Minefinders.&#160;&#160;The Arrangement will be considered at Pan American's and Minefinders' respective special shareholder meetings to be held on Monday, March 26, 2012.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">ISS and Glass Lewis are leading independent international corporate governance and proxy advisory firms, which provide analysis and recommendations to assist shareholders in making decisions regarding proxy voting.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">ISS and Glass Lewis made their recommendations that shareholders of Pan American and Minefinders vote FOR the merger based on their respective findings that the transaction is strategically sound, structured at a satisfactory premium at the approximate median for recent similar transactions in the mining industry and raises no governance concerns.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Geoff Burns, Pan American's President and CEO, said: "We are pleased that both ISS and Glass Lewis support our respective Boards' conclusions that shareholders should approve this arrangement.&#160;&#160;Their recommendations affirm our view that this is a logical and strategic transaction which de-risks our overall portfolio of assets and advances Pan American's goal to be the leading low-cost primary producer of silver in the world."</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mark Bailey, Minefinders' President and CEO, said, "The positive recommendations of ISS and Glass Lewis support our belief that the consideration our shareholders will receive from this transaction is fair, and that the combination of the two companies is in the best interests of shareholders."</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pan American and Minefinders are also pleased to announce that they have received a resolution from the Mexican Federal Competition Commission authorizing Pan American's acquisition of Minefinders pursuant to the Arrangement.&#160;&#160;Aside from shareholder and court approvals, this was the principal outstanding regulatory condition to closing the Arrangement.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Shareholders are reminded to vote their proxy FOR the Arrangement before the respective proxy deadlines:</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Pan American Shareholders: </font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Voting Deadline: Thursday, March 22, 2012 at 9:00 AM (PST)</font></font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For more information and assistance in voting your proxy, Pan American shareholders are urged to contact Kingsdale Shareholder Services Inc. at 1-877-657-5859 or by e-mail at contactus@kingsdaleshareholder.com.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><br>
</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Minefinders Shareholders: </font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Voting Deadline: Friday, March 23, 2012 at 11:00 AM (PST)</font></font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For more information and assistance in voting your proxy, Minefinders shareholders are urged to contact Kingsdale Shareholder Services Inc. at 1-877-659-1818 or by email at contactus@kingsdaleshareholder.com.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><br>
</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If you have any questions regarding the deposit of your Minefinders shares to the Arrangement, Minefinders' shareholders can contact Kingsdale Shareholder Services Inc. at 1-877-659-1818.</font></div>

<br>
<div id="PGBRK" style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">About Pan American</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pan American's mission is to be the world's largest low-cost primary silver mining company by increasing its low-cost silver production and silver reserves. It has seven operating mines in Mexico, Peru, Argentina and Bolivia. Pan American also owns the Navidad project in Chubut, Argentina, and is the operator of the La Preciosa project in Durango, Mexico.&#160;&#160;For more information about Pan American, please visit Pan American&#8217;s website at www.panamericansilver.com.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">About Minefinders</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Minefinders is a precious metals mining and exploration company and operates the multi-million ounce Dolores gold and silver mine in Mexico. For more information about Minefinders, please visit Minefinders&#8217; website at www.minefinders.com.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Pan American's Information Contact</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Kettina Cordero</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Manager, Investor Relations</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(604) 684-1175</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">info@panamericansilver.com</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">www.panamericansilver.com</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Minefinders' Information Contact</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Jonathan Hackshaw</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Director of Corporate Communications</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(604) 687-6263 extension 113</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">jon@minefinders.com</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">www.minefinders.com</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Additional Information About the Transaction and Where to Find It</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In connection with the proposed transaction, Pan American and Minefinders have filed relevant materials with Canadian provincial securities regulatory authorities and the SEC, including information circulars.&#160;&#160;Investors and securityholders are urged to read these documents and any other relevant documents filed by Pan American and Minefinders, as well as any amendments or supplements to these documents, because they will contain important information.&#160;&#160;Investors and securityholders may obtain these documents free of charge on the SEDAR website at www.sedar.com or on the SEC&#8217;s website at www.sec.gov.&#160;&#160;In addition, these documents may be obtained free of charge by directing such request to: Kingsdale Shareholder Services Inc. at 1-877-657-5859.&#160;&#160;Outside of North America, please call collect at 416-867-2272, or email contactus@kingsdaleshareholder.com or visit Pan American's website at www.panamericansilver.com or Minefinders' website at www.minefinders.com.&#160;&#160;Such documents are currently available.&#160;&#160;Investors and securityholders are urged to read the information circulars and the other relevant materials before making any investment decision with respect to the proposed transaction.&#160;&#160;Securityholders who have questions about the Arrangement can also contact Kingsdale Shareholder Services Inc.&#160;&#160;Kingsdale Shareholder Services Inc. has been retained by Pan American on its behalf and on behalf of Minefinders to act as Proxy Solicitation and Information Agent, as well as Depositary, for the Arrangement.&#160;&#160;This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">CERTAIN OF THE STATEMENTS AND INFORMATION IN THIS NEWS RELEASE CONSTITUTE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND "FORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF APPLICABLE CANADIAN PROVINCIAL SECURITIES LAWS. ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL FACT, ARE FORWARD-LOOKING STATEMENTS. WHEN USED IN THIS NEWS RELEASE, THE WORDS, "WILL", "COULD", "ADVANCES AND OTHER SIMILAR WORDS AND EXPRESSIONS, IDENTIFY FORWARD-LOOKING STATEMENTS OR INFORMATION. THESE FORWARD-LOOKING STATEMENTS OR INFORMATION RELATE TO, AMONG OTHER THINGS: PAN AMERICAN'S AND MINEFINDERS' RESPECTIVE SHAREHOLDER APPROVAL OF THE ARRANGEMENT AND CLOSING OF THE ARRANGEMENT.</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">THESE STATEMENTS REFLECT THE COMPANIES' CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE NECESSARILY BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES THAT, WHILE CONSIDERED REASONABLE BY THE COMPANIES, ARE INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC, COMPETITIVE, POLITICAL AND SOCIAL UNCERTAINTIES AND CONTINGENCIES. MANY FACTORS, BOTH KNOWN AND UNKNOWN, COULD CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT ARE OR MAY BE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE AND THE COMPANIES HAVE MADE ASSUMPTIONS AND ESTIMATES BASED ON OR RELATED TO MANY OF THESE FACTORS. SUCH FACTORS INCLUDE, WITHOUT LIMITATION: FLUCTUATIONS IN SPOT AND FORWARD MARKETS FOR SILVER, GOLD, BASE METALS AND CERTAIN OTHER COMMODITIES (SUCH AS NATURAL GAS, FUEL OIL AND ELECTRICITY); FLUCTUATIONS IN CURRENCY MARKETS (SUCH AS THE PERUVIAN SOL, MEXICAN PESO, ARGENTINE PESO AND BOLIVIAN BOLIVIANO VERSUS THE U.S. DOLLAR); RISKS RELATED TO THE TECHNOLOGICAL AND OPERATIONAL NATURE OF THE COMPANIES' BUSINESSES; CHANGES IN NATIONAL AND LOCAL GOVERNMENT, LEGISLATION, TAXATION, CONTROLS OR REGULATIONS INCLUDING, AMONG OTHERS, CHANGES TO IMPORT AND EXPORT REGULATIONS AND LAWS RELATING TO THE REPATRIATION OF CAPITAL AND FOREIGN CURRENCY CONTROLS; POLITICAL OR ECONOMIC DEVELOPMENTS IN CANADA, THE UNITED STATES, MEXICO, PERU, ARGENTINA, BOLIVIA OR OTHER COUNTRIES WHERE THE COMPANIES MAY CARRY ON BUSINESS IN THE FUTURE; RISKS AND HAZARDS ASSOCIATED WITH THE BUSINESS OF MINERAL EXPLORATION, DEVELOPMENT AND MINING (INCLUDING ENVIRONMENTAL HAZARDS, INDUSTRIAL ACCIDENTS, UNUSUAL OR UNEXPECTED GEOLOGICAL OR STRUCTURAL FORMATIONS, PRESSURES, CAVEINS AND FLOODING); RISKS RELATING TO THE CREDIT WORTHINESS OR FINANCIAL CONDITION OF SUPPLIERS, REFINERS AND OTHER PARTIES WITH WHOM THE COMPANIES DO BUSINESS; INADEQUATE INSURANCE, OR INABILITY TO OBTAIN INSURANCE, TO COVER THESE RISKS AND HAZARDS; EMPLOYEE RELATIONS; RELATIONSHIPS WITH AND CLAIMS BY LOCAL COMMUNITIES AND INDIGENOUS POPULATIONS; AVAILABILITY AND INCREASING COSTS ASSOCIATED WITH MINING INPUTS AND LABOUR; THE SPECULATIVE NATURE OF MINERAL EXPLORATION AND DEVELOPMENT, INCLUDING THE RISKS OF OBTAINING NECESSARY LICENSES AND PERMITS AND THE PRESENCE OF LAWS AND REGULATIONS THAT MAY IMPOSE RESTRICTIONS ON MINING, INCLUDING THOSE CURRENTLY IN THE PROVINCE OF CHUBUT, ARGENTINA; DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS PROPERTIES ARE MINED; GLOBAL FINANCIAL CONDITIONS; PAN AMERICAN'S ABILITY TO COMPLETE AND SUCCESSFULLY INTEGRATE ACQUISITIONS AND TO MITIGATE OTHER BUSINESS COMBINATION RISKS; CHALLENGES TO, OR DIFFICULTY IN MAINTAINING, THE COMPANIES' TITLE TO PROPERTIES AND CONTINUED OWNERSHIP THEREOF; THE ACTUAL RESULTS OF CURRENT EXPLORATION ACTIVITIES, CONCLUSIONS OF ECONOMIC EVALUATIONS, AND CHANGES IN PROJECT PARAMETERS TO DEAL WITH UNANTICIPATED ECONOMIC OR OTHER FACTORS; INCREASED COMPETITION IN THE MINING INDUSTRY FOR PROPERTIES, EQUIPMENT, QUALIFIED PERSONNEL, AND THEIR COSTS; AND THOSE FACTORS IDENTIFIED UNDER THE CAPTION "RISKS RELATED TO THE COMPANY'S BUSINESS" IN THE COMPANIES' MOST RECENT FORMS 40-F AND ANNUAL INFORMATION FORMS FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION AND CANADIAN PROVINCIAL SECURITIES REGULATORY AUTHORITIES. INVESTORS ARE CAUTIONED AGAINST ATTRIBUTING UNDUE CERTAINTY OR RELIANCE ON FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANIES HAVE ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS NOT TO BE AS ANTICIPATED, ESTIMATED, DESCRIBED OR INTENDED. THE COMPANIES DO NOT INTEND, AND DO NOT ASSUME ANY OBLIGATION, TO UPDATE THESE FORWARD-LOOKING STATEMENTS OR INFORMATION TO REFLECT CHANGES IN ASSUMPTIONS OR CHANGES IN CIRCUMSTANCES OR ANY OTHER EVENTS AFFECTING SUCH STATEMENTS OR INFORMATION, OTHER THAN AS REQUIRED BY APPLICABLE LAW.</font></div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_P``1"``P`0,#`2(``A$!`Q$!_]L`A``%
M`P,$`P,%!`0$!04%!@<-"`<'!P<0"PP)#1,0%!,2$!(2%1<>&146'!82$AHC
M&AP?("$B(109)2<D("<>(2$@`04%!0<&!P\("`\@%1(5%2`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("#_Q`&B```!
M!0$!`0$!`0```````````0(#!`4&!P@)"@L0``(!`P,"!`,%!00$```!?0$"
M`P`$$042(3%!!A-180<B<10R@9&A""-"L<$54M'P)#-B<H()"A87&!D:)28G
M*"DJ-#4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@X2%
MAH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35
MUM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY^@$``P$!`0$!`0$!`0````````$"
M`P0%!@<("0H+$0`"`0($!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R
M@0@40I&AL<$)(S-2\!5B<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(
M24I35%565UA96F-D969G:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JB
MHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR
M\_3U]O?X^?K_V@`,`P$``A$#$0`_`/LNBBN"\:>)]4UC6QX1\,OLN",W=R#C
MRE[@'MQU/N`*BI45.-V.,>9V1T6N>.O#_AUS%?ZE$DHZQ)EV'U`Z?C6/!\9O
M"<T@0W<\8/\`$\#`5)X1^'7AFPLH[N..+597&XW,V'#'O@=!_.NBFT'2KB(Q
M3:99NA&-K0*1_*LE[:2NK+\2O<6@[2]9T_6[?[1IUY#<Q^L;9Q]1VJW7G7B'
MP&FA:@-0\'7?V+5$0R_85?*S(",X']#P?:NH\$>+8?%^CBZ">5<Q'R[F'^XW
M^!_STIPJOFY)[@XJUT;M%%9.I>,O#FBW1M-2U[2[.X4`F*>[2-@#T."<UN0:
MU%1-=6Z6INFGB%N$\PREAM"XSNSTQCG-9^E^,/#NMW0M=,UW3+V<J6$5O=)(
MV!U.`<XH`U:*HZOX@TC0$C?5M4LK!921&;F=8PQ'4#)&:GL=0L]3LTO+*Z@N
M;:092:)PZ,/4$<&@">BL_2?$NBZ\\D>E:M87SQ8,BV]PLA3TR`>.E,U#Q7H.
MDWJV-_K6G6ETP!6&:Y1'.>!A2<\T`:=%5M3U6PT6U-WJ5[;65N"%,L\HC4$]
M!D\5D_\`"QO!W_0UZ'_X'Q_XT`;]%5[K5+&PL&O[J\MX+15#&>20*@!Z'<>,
M<BLG_A8W@[_H:M#_`/`^/_&@#>HJDVNZ7'I0U9]1LUT\J'%T9E$6TG`.[.,9
MI-(\0:3KZ2/I.IV5^L1"N;:=9`I/0'!.*`+U%9__``DVB_VM_9']KV']HYQ]
MD^T+YN<9^YG/3FGZMK^DZ!'')JNIV=@DAVHUS,L88^@R1F@"[15>#4K*YL!J
M$-W!)9LGF"=9`8RO][=TQ[UBR?$WP7$_EMXKT0-TQ]MC_P`:`.BHJOI^IV6K
M6XN+"\M[N$])()`Z_F*KZMXET70&C75M6L+`R@F,7-PL>['7&2,T`:%%8UIX
MZ\+7]S':VGB/2)YY6VQQ1WD;,Y]``<DU<U;7M*T"%9M5U*SL(V.%:XF6,,?0
M9(S0!=HK$TWQ[X6UBX%MI_B+2;F9CA8XKM&8_09YK;H`**P]9^('A7P]=_9-
M5\1:99W'>*6Y56'U&>*U-.U2QUBU6[TZ\M[NW;[LL$@=3^(H`L4444`5]2O!
MI^G7-V1D01-)CZ#/]*XOX.:=G1+K6Y_GN]0G9F<]=H/^.:Z_7;5K[1+ZUC'S
MS6SHOU*D"N7^#=ZESX+2W!`DM9GC=>XR=P_G7/4M[6"?F7'X6>;^$_'=_P"#
M=5F\LF>Q>5C+;D\=>J^A_G7IGB[XEVNA^'[._L8FGFU"/?:AUP`,#);Z9'%>
M(W7_`!]3?]=&_G77^//^11\)?]>C_P#LM>91KSA&23Z?J=,H1;39H_"+4[O6
M/'-Y>WT[3SR6C%G;_>7@>@]JW[.(>&OB]+;0#9;:M;&4H.@<9.?S4_G7,?`_
M_D:[C_KS;_T):ZJ]<:I\9K*.'D:?9DRD=B0>/_'EK>@[TDWOSK]")JTK+L=[
M7QG^TA<+>?&+6L@$1B&(?A$O]2:^S*^3+[0E\>?M">)])90QG%Y''QT=(2$/
MX,!7ILYXG7W_`,2_,_95AD$W^FRJ-&//.0<'_P`AC/XUY[^S+<+:?&'2Q@`3
M0S1]/^F9/]*XFQFU75+>U\*Q.WERWX9(,=)F`CS^0%>E:-I\/A']IZRTVV&V
M&WODMD^AA"_UI%6L=I^V4`='\-Y`/^DS?^@K7??`8`?!30@!@?99/_0WK@?V
MR?\`D#^&_P#KYF_]!6N^^`W_`"170O\`KUD_]#>F+H?*G@+QU??#CQE'KFGY
M8)(4N(0<":(GYE/\QZ$"NW^-&M:=XJ^+WAW6=-E6>TO+>SDC;V\T\'T(Q@CU
MK'^#_P`.[7XF:CXDT>5A%=I8F:RF/2.42#&?8YP?8URVF:9>:+XVLM-U"%X+
MJUU&.*6)^J,)!D4BNI]0_M3@'X1W((_Y>X/_`$*O`OAU\./!GB[1FN->\<V^
MA7IN#"EJT:DLN!AN2.I)'X5[[^U-_P`DDN?^ON#_`-"KP7X:Z5\+[C2Q>>,O
M$&HZ?J<5UF.*!"4*#:5)PA[Y[TV3'8^BOCC9+I_P,UBS#;Q!9Q1!B,9VN@S^
ME?-_PK^&GAKQW:7\NN^+[7P^]M(J1)*8QYH())&YATQVKZ/^-VIVNL_`O6-1
MLI/,MKFSBEB?!&Y2Z$'!]J\#^"?P0L?BY8:I<7>KW-@;*5(U$42ONW`G)S]*
M`6B/;/BIH]IH'[.%WI=C<K=6MMI\$<4ZXQ*H=,,,<<]>*YC]C8`:'XBP`/\`
M2HNG^X:[/XW:;'HWP&U3386+1VEG!`A(QD*Z`']*XW]C?_D!^(O^OJ+_`-`-
M`=#R_P".]]<Z5\<=8O[*9H+JWGADBE3AD81(0171?&7XD6OQ0^%'AW4L(FH6
MU\T-]`/X)/+/S`?W6QD?EVJ+QUI%EKW[44FE:C#YMI=WL,,J9QE6A45PGQ,^
M']_\-?%5QHEV6>`_O+6;&!/%GY6^HZ'T-(9]/^%54?LWPJ``/^$=DX_[9-7S
MO\$/A39?%;5M0TZ[U">P%K:B9'A16R2P&"#VKZ)\+@K^SC"",?\`%.O_`.BF
MKP7]GCXCZ%\-=<U2_P!=DN$BGLUBB$,)D+,&!Q@=./6F)=2O:3:[^SU\5OL$
M=\9(X)HQ<*A(CNH&P>5]<'\"*[G]LC:^H^&C@$&&?'YI7%R/??M`?&D7%E9R
M16]Q-&7!&?(MTP-S'ID@?F<5VO[9`"ZCX:`'`AGQ^:4A]45/@Q\+O!<VN^&]
M9MO'D$VLH4NSI:QIN#A=S)G.>.>W:NB_;(4'P_X>R!Q>2?\`H`KGO@ROPF\.
MZQH&KKXDU'_A(F18VM7C8Q":1=A7A.F6XYKH?VQ_^1?\/?\`7Y)_Z`*?074\
M9\3^#=$T3X>^%_$-GJ3'5=2\PW-J74^6%8@.N.5'`'/K7TKI?B+Q#8_LZ)K<
MIE;68M%:57<9?(!VN??;AJ^;?$'PYFT'X?\`AOQM9R/-!J&Y;@.H(@E5VV?\
M!(7OW'O7U9X#^(.F>,OAI%XDN?)2!+5A?Q8&V-D7]XN/3`R!Z$4('L?)WP]T
M'PGXMU*[3QAXKN-&FDPT$[1[Q,YSN+N>G;KUSUKZO^#?@*Q^'?@J/3+#48M2
M2:=[EKN(`+*6P`1@D?=51U[5\Y>/],^$&JZ)<:WX1UR\TW4#\R:1+`Q5R3]T
M9'R=_P"(BO5/V/Y;M_`>II(S&UCU(K`">%/EH6`]N0?J30AO8]LHHHID!7FF
MJ)<_"[Q9+J\,#RZ%J+?Z0B#_`%39_P`22/7)%>EU'<VT-Y;O;W$22Q2#:Z.N
M0P]"*SJT^=::-;%1ERG#:=\,/!6NVXOK&6>XBD.[<ER>I[$=OI6SJ?PXT/5[
M"PL;E+@PV$9C@VRD$`XZGOT%8][\(HK6Z:[\-ZQ=Z/(W)1&+)_,''YU'_P`(
M'XUN!Y5SXVD$)X/EH0V/TKF4.71T_NL:7OM(COX?"WPH>2ZT_P`Z;59HC%%;
M&8N3DCJ.PR!_2M;X;^%[O2[>YUC5\G5-2;S)0>L:]0OU_P#K#M4WACX::/X;
MG%X1)?7V<_:+@[B#Z@=OKUKJ*NE1=[M62V1,I:605Q6A_!?PQX>\;S^,+,7Q
MU29Y9',EP63,F=WRX]Z[6BNHS//=._9\\%:7XN3Q1;V]X+Y+IKI%-P3$'))^
M[CH">!5B^^!WA34/'*^,Y5OAJBW"7(*W!$>]0`/EQTX%=U118+G*_$/X6Z!\
M3K>S@UX712S=GB\B;R^6`!SZ]*U?"_A;3_"'ARUT#31*+.U0I'YC[FP22<G\
M36K10!Q7@+X+^&/AOJ]SJFB+>BXN8C%)YUP77:6#<#'J*/%?P5\)^,?$]MXC
MU"VN$U"`H=\$NP2%#E2P[XQCZ5VM%%@,/QOX)TKX@:`^B:P)S:/(LA\F38V5
M.1S7`_\`#)_P\Z;-6_\``T_X5ZU10!S^H^`='U3P/_PAUP+C^RQ;I;863#[$
MQCYO7Y157X>?"[0/AC;WD&@K=!+MU>7SYO,.5!`QZ=:ZJB@#*\6>%K#QIX>N
M]"U02FSNE"R>4^QL!@1@]N0*R_AY\+]!^&-K=V^@BZ"7;K)+Y\WF'(&!CTZU
MU-%`'$7?P4\+WOCU/&TJWW]JI.DX(N"(]RJ%'RXZ8`K1^('PR\/?$NQM[37K
M:1Q;OOBEADV.F1@@'T/&1["NFHH`R+/PCIUCX07PM$)O[/6S-F,OE_+*[?O>
MN#UKSZ']E+X=Q.K&#5)`/X6O6P?RKUBB@+F/X4\$^'_!%B;/0-*M[")N7\M?
MF<^K,>3^)K'^(?PA\.?$Z:SEUU;PM9JRQ>1.8^&QG/'/05V%%`'ENF?LO^`M
M(U*UU"V35/.M9EFCW7A(W*01D8Z9%=5\0OAAH/Q-M+2UUT71CM)#)%Y$WEG)
M&#GUKJ**+!<Y=?A=X='P_'@=X)I-($9C4/)F0?-N!#>H/0U0\,?!+PKX5T/5
M-#M$OIM.U10MU;SW3,IP,9&,$''IZ"NWHH`\@?\`9*\`M<B59=92/.?)%T-O
ITSMS^M>G>'/#>E>$M'@TG1K..TLX!A(T_4D]23ZFM&BBP7"BBB@#_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>logo1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo1.jpg
M_]C_X``02D9)1@`!`@$`2`!(``#_P``1"`!*`1<#`2(``A$!`Q$!_]L`A``%
M`P,$`P,%!`0$!04%!@<-"`<'!P<0"PP)#1,0%!,2$!(2%1<>&146'!82$AHC
M&AP?("$B(109)2<D("<>(2$@`04%!0<&!P\("`\@%1(5%2`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("#_Q`&B```!
M!0$!`0$!`0```````````0(#!`4&!P@)"@L0``(!`P,"!`,%!00$```!?0$"
M`P`$$042(3%!!A-180<B<10R@9&A""-"L<$54M'P)#-B<H()"A87&!D:)28G
M*"DJ-#4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@X2%
MAH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35
MUM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY^@$``P$!`0$!`0$!`0````````$"
M`P0%!@<("0H+$0`"`0($!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R
M@0@40I&AL<$)(S-2\!5B<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(
M24I35%565UA96F-D969G:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JB
MHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR
M\_3U]O?X^?K_V@`,`P$``A$#$0`_`/LNJ&HZY::8PCE+,YYVH,D#WJ_7%>(/
M^0S<?4?R%"`WAKD]RC2V%NEPB]4WE7'X?X52;QA/&Q5[)58=07((_2L."XEM
M)5EA<HZ]"*Z6RDM/$UL5N85$\?!*\$>XI@5?^$RE_P"?-/\`OL_X5H:/XACU
M.0PO'Y4N,@9R#6!JVB3Z4VX_/`3\KCM[&FZ!_P`ABW_WC_(T`=M11535=2_L
MFT:Y-K<7"(I9Q"`2`.^"1^E(-BW17*Z9\2K'6HGET[2=9ND0[6:*V!`/I]ZK
MFG^/=$OKT6#SR6=YP!!=1&)B?09X-6Z<EHT0JD'LS>HH!!&114%A1110`444
M4`%%%96B^)[#7+V_M+5R9+*7RY/0^X]LY'X4)-[";2T9JT444#"BBB@`HHHH
M`****`"BH;VX-I:2SB-Y3&A;8@RS8'0>]9_A7Q`WB725OVL+BRRY7RYASQW'
MM19VN*Z3L:U%%%`PHHHH`****`"BBB@`[5Q7B#_D,W'^\/Y"NU[5Q7B#_D,W
M'U'\A30%'@5TGA339(0UY("H==J+ZCUJEX?T,WSBXG4B!#E1_?/^%:?B/6!9
M0_98&Q,XY(_A%`BX=4TZYE:T::-F/RE#T/M68NA#3-8MIHG'DN^`I/(.#Q[B
MN;Q6GH]Y<76K6:S2LXC)"Y[<&BPSL:JZL!_95W_UP?\`]!-6JK:M_P`@J[_Z
MX/\`^@FD!P?P+(&AZAG_`)^1_P"@"J?QBEM]9U#2]+TU5N=2W-\L6"R@XP"1
MTY&?;%1?"#PSI6N:1>2ZA9I.\<X526(P-HXX->CZ9X>TK126T_3K:W8C!:.,
M!C]3UKKJS4*SD<=*+G14>ADZGXEET&31]&$8N-2O5"!F.U`0!N8D>_85%J/B
MR_\`#6K:?:ZQ#:26]\_EI/;LR^6W'WE;MR.0:=X@\3"+Q/8Z!800-J$REOM$
MRY$"X/('4D@'C(KE_BI8-9W.@F6\N+J5[D[C(PQU7HHP!6=."G))K<N<G"+:
M>QU'COQI<^#[6*>/3EN$E?RU=IMH!QGIC/:H=<\4^(['3CJEGH<)LHD\R07$
MQ64KW(4=!]3GVK,^./\`R+UC_P!?@_\`0&KI?%?_`"(^H_\`7BW_`*#4I14%
M*W4IN3FU?H6_#FN0>(]&MM2MU*),N2A.2I!P1^8K1KDOA'_R(UG_`+\G_H9K
MK3P*FK%0FTNY=*3E!-]C&\7:I-INEB&R/^GWCBVM1_MM_%]%&3^%<'J>G_\`
M"J_%6GZE:EFTZY00W.><D8W'Z]&_.NC6UN_&'B&?4K+4WL[?36:UMG2-7WOC
M]XWS<>@S[&D\4^!]5UO1IK:;7YKL@;XHGMHU!<#CD#(]/QK2G)0T?7<RJ)SU
M738[&.19(PZ,&5AE2.A%<MXF\<W'AS7+#3Y--W17;X642;B1D`X4#KR*I_"3
MQ*=3T,Z9<DB[L#LP>I3M^73\!5'XH\>+_"W_`%W_`/9THA22J\DARJWI<\33
M\1>,/$7AV%=2GT.W730RJZFYS,H/<X&!V]:N2^(->U.T2[\/Z3;R6SJ&22\F
M,;2#'\*@=/J:@^+G_(BWG^_'_P"ABM7P2!_PB&D\?\ND?_H(I67L^:W4>OM.
M6_0K^"/%Z>+=+>X:#[/<0R&*:+=D`^H]JDMM>NM;DN1H\,7DV\AB^T3YVR./
MO!0.2!TSZUR'PD61K+Q(L)Q(9<(?0X;%'PGM=(U?1I;*ZC)OK>5C(OG.I*D\
M-@$=\BJG2BG*W2WXD0J2:BN]_P`#I/#?C.34=:N]"U.U2UU&UYQ&Q9)5XY7/
M(ZCBJMW\0KFU\61:"VBS(S@MGS`S.,$KM`X&2.YXK3CT+P[HVLV\T5DB:C-E
M8W!9G(QR3D],<9/J*YB__P"2VV./^?7_`-D:E!0E+;H5)SC'?J;-KXF\3(;\
MZAX7,:6ZAXS'<KAAC/4]>/2K?@/Q5+XPTF74);9+?;.T:HK$\``\G\:U]7`_
MLJ[X_P"6#_\`H)KCO@EG_A#Y0/\`GZ?_`-!6DDI0<K;6'K&:C?N;[>(I=0U2
M?3='BBF:U&+B>1B(XV/1!CEF]>F*HP>,+VS\5Q^'M6L5$DZ[X+BWR4<8[@\C
MH1FLCX2:DD$FK:-=L$OTNWE*L>7[$CZ$?K7<7=Y;6<L"RX\V9_+B4#+$]\>P
M')I2BH2Y;7T"+<XWO;4QKWQ5++XG/AW388S=)#YTLLY(1!Q@`#DGD>E1V7BV
MYM_%2^'-5MX%GEB\V":!SL<<\$'D'@_E4(\1MK7BZ[T32DBMGM8_]*O"@9S@
M@;%'MGJ?RKG]3M1:?&#1H_.FF;R06:5]QSM?\OH*J$$W9KH3.;2NGU.@\8^.
MKGPMJ%E:KIGFI=2!5D\S)QD`X4#.>>*A\1^,/$6@0?VDVA0?V:K`.&N/WP!/
M4@<#MQS69\6O^0_X9_Z^O_9TK<^*G_(BZA_P#_T,4XPCRP=MV$G*\M=D=#IE
M_#JFGV][;G,4\:R)GT(S5BL/P#_R)>D?]>J?RK<K&:49-(W@[Q3?8*PKWPX]
M[K/GL?\`1W`9^><^E;M%244[^Z32K',41;:-L:*I/T_"N-F6ZN)6EEBE9W.2
M=AKOJ,4`>?\`V>?_`)X2_P#?!K8\-Z/<?;$NYHS'&@)7<,%C]*ZC%&*=P"JF
MJ::-5M'MGN;B".12K^2P4D'MG!_2K=%(#`\.^!=/\*F3^S+F]C20@NC2!E;'
ML16_113;<G=DQBHJR.>\3>!-/\2WL%^\US:7D`PD]N^UL=J@U3X;:5JUE'!<
M7%ZT\;AQ=M-NE)],GM["M[4]132[-[F1&9$P#@=,G&3Z#U/:GV-V+VV6<)M#
M9QA@P(]01P0::G)+1[$N$&]48>J_#_3M;M(+2^O-1FBA.Y0UQDEL8W$D9)J]
M>>&XK[1O[*FOKTP%=C,)`'=?0G'2K.J:D=,BB<0F7S)DAP&`P6.`?S-6\\<"
MCFE8:C%,R_#GAJU\+V?V.RFN6MP2525PP4GKCBKNHV/]HVCVQN)X`XP7A8*V
M/8XXJ/3=2-_)=(83%]GF,))8'<0`<_D15LG`X%)MMW8XI)61E>'?#%KX7M3:
M6,]R8,EA'*X8`GJ1QFM*>(S1E%E>(G^),9'YBLVVU]KA9D%FR7$5SY#0LXST
MR&'MCGZ5K42NW=A%)*R.8T[X;Z7I6JG5+6ZU!+IF+,_G`[LG)R,8(-3ZWX%L
M/$&H0WUY=7WFP',.R4*(^<\#'J!5F+Q$9;R6V6U7=%<>009U#'@'('I@Y_"M
M>FYR3O<E0A:R1D:[X6MO$6GK87]U=F`8+!'"[R.A/%2:=X>32]+&G6]]>B%5
MV1DN"T8]`<5'%XEC;56T]K<JRS^3D.&.=F[=MZ[<=_6M>B\DK,:46[HP?#G@
MBP\+332:?<7@$QS(DD@96/KTZ\U2UCX8:/JNHMJ,,MWI]TQR[VLFS<>YQV_"
MNKJEJ.K)82V\`C,L]PQ6&-2`6P,DY[`#O0IRO=/43IPY;-:%;0?"UCX?5S;M
M/--(`'GGD,DC`=!D]O:J4O@"PFUI=9>^U'[<OW9/.'`],8QC!Z5MVES+.76:
MV:`H<#+`AN`<@CMV_"B_OX]/B1W5F:218XT7JS'H/\^E'-*][CY(VM;0CO\`
M2_[0L3:/=W,:LNUGC8*S#ZX_E5'PUX.LO"D;0Z=<78A8[C%)(&7/KTXJ]9:E
M]INI;26!H)XE5RI8$,IR`01[@BGZG>C3=/GNS&9!#&9"H."0!DTDVE8=HO4P
M?$/PVTCQ#??;V:XM+PXW36S[2V.Y]_>KN@>#[#P\S2Q27-S<NH5I[F4R/CT!
M/0?2KFD:Q'JPEV1[3$0"0P93D9X8<'W]*DU;4!I6G3WAB,BPH7900"0.M/FE
M;E;)4(7YDC"U'X=:??:X=8M[V^L+I_\`6M:R[-_Z<=*+[X;:3=WMI>1S7MM<
M6W_+6*8AY/\`>8Y.>O/O6UIVJ+J#2H(BK1;=Q#!E.?1AP>G/I5VGSS74/9P?
M0YW6?`.G:[-;37=U?EK4#R-LV-G3GIG/`Y-6]:\+0:_IJZ?>WEXT`QO"N%,F
M.FXXYK7HI<TM-2N2/8I:)I$.A:;%I]M),\,0Q'YK;BH],^E7:**3=]1I65D%
M%%%(84444`%%%%`!1110`4444`17-O\`:$"B62(@@AD(S4>F:=#I5K]G@SM+
MLY)[ECD\#@<GH*LT4"L5=2TU-2CB1Y9(Q'*LHV8Y*G(ZCU%6<#&*6BCR"QGV
MVC"UFFDCN[C$TWG.GRX)P!CIG&`*T!Q111N"5BH-)MAJAU(*1.T0B)SP0#D'
M'KR>?2K=%%`6L9:>'HXYII4NYU,TWG-@)G.`.#MR!@`5J>U%%&X));&3_P`(
MO:_;VOUFG2Z:7S!(I`(X`*].5(`X.>F:U@,#%%%%V]P22V"JM]ID-^T,CETE
M@;?%(APR'&#^!!QBK5%`[7(K>W,"X:625N[-C^G%-OK&*_A6.7<-KAT93@JP
M.014]%`%6TTY+6>2X:1Y9Y%"M(^,[1G``&`!R:=J%DFI6,UI([HDR%&*8S@C
M!QFK%%`K(H:9HD&D/(;9Y%CDP6BXV;N[`8X)[XXJ;4M/35+&:SD=TCF0HQ3&
M<'KUJS11J%DE89#$L,2QCD`8Z`9HAC,2;3(\G).6QGKTI]%`TK!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
>4444`%%%%`!1110`4444`%%%%`!1110`4444`?_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
