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Pan Andean Minerals Ltd Proposes Name Change to NEO Battery Materials Inc

Pan Andean Minerals Ltd. Proposes Name Change to NEO Battery Materials Ltd. Pan Andean or the Company ) is pleased to announce that the Company s Board of Directors has authorized a resolution to change the name (the Name Change ) of Company to NEO Battery Materials Ltd. Completion of the Name Change is subject to receipt of all required regulatory approvals, including approval from the TSX Venture Exchange. Pursuant to the provisions of the Business Corporations Act (British Columbia) and the articles of the Company, shareholder approval is not required for the Name Change. No action will be required by existing shareholders with respect to the Name Change. Issued share certificates representing common shares of the Company will not be affected by the change of name and will not need to be exchanged. The Company encourages any shareholder concerns in this regard be directed to such persons broker or agent.

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