Vancouver, British Columbia--(Newsfile Corp. - April 15, 2024) - American Pacific Mining Corp (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC) ("American Pacific'' or the "Company") is pleased to announce that it's 100% owned subsidiary Constantine North Inc., ("Constantine") , the operator for the Palmer Project ("Palmer" or the "Project"), has submitted for approval a Plan of Operations ("PoO" or the "Plan") to the Alaska Department of Natural Resources summarizing the next five years of field activities, until 2028. The activities included in the PoO will allow further evaluation of the environmental, social, technical, and economic aspects associated with the potential development of the mineral deposits located within Palmer Deposit.

Palmer is an advanced-stage, high-grade volcanogenic massive sulphide ("VMS") project located in the Porcupine Mining District of the Haines Borough in Southeast Alaska. The Project is under a joint venture ("JV") partnership with DOWA Metals & Mining Alaska Ltd. ("Dowa").

Warwick Smith, CEO of American Pacific stated:

"The Plan sets a clear path forward for the next five years, outlining the additional work programs necessary for gathering pre-feasibility level data and ensuring a thorough and assessment of the Project. The submission of the Plan also marks a significant milestone and a pivotal step forward, reaffirming our commitment to responsible resource development."

Peter Mercer, VP of Advanced Projects for American Pacific, stated:

"Safeguarding the environment is one of our top priorities and part of our commitment to responsible stewardship of the Project. The comprehensive program outlined in the Plan will continue to significantly bolster our understanding of the natural environment within the Project area, establishing a crucial baseline for the environmental conditions. We also look forward to sharing this plan with local community members to gather their insights and feedback on the Plan."

For details of the activities proposed in the Plan of Operations, please refer to the attached factsheet.

About the Palmer Project

The Palmer Project is an advanced-stage high-grade volcanogenic massive sulphide project located within the Porcupine Mining District of the Haines Borough, Alaska. The Project is operated in a joint venture partnership between American Pacific, through its wholly owned subsidiary, Constantine North Inc. as the manager (operator) Dowa.