PAN AMERICAN SILVER sells Peruvian properties to Barrick Gold for $3.65 million

PAN AMERICAN SILVER sells Peruvian properties to Barrick Gold for
$3.65 million 


VANCOUVER, June 28  /PRNewswire-FirstCall/ -- PAN AMERICAN SILVER CORP.
(NASDAQ: PAAS; TSX: PAA) announced today it has concluded the sale of a package
of surface properties and mineral rights in the vicinity of its Quiruvilca mine
in Peru to a subsidiary of Barrick Gold Corporation for US$3.65 million.

The package includes lands surplus to the needs of the Quiruvilca mine and does
not effect the mine's operation. The proceeds from the sale will be applied
over several years to the mine's costs for concurrent reclamation.

For Further Information Contact: Brenda Radies, VP Corporate Relations (604)
684-1175

  http://www.panamericansilver.com/

  CAUTIONARY NOTE


Some of the statements in this news release are forward-looking statements and
as such are based on an assumed set of economic conditions and courses of
action. These include estimates of future production levels, expectations
regarding mine production costs, expected trends in mineral prices and
statements that describe Pan American's future plans, objectives or goals.
There is a significant risk that actual results will vary, perhaps materially,
from results projected depending on such factors as changes in general economic
conditions and financial markets, changes in prices for silver and other
metals, technological and operational hazards in Pan American's mining and mine
development activities, uncertainties inherent in the calculation of mineral
reserves, mineral resources and metal recoveries, the timing and availability
of financing, governmental and other approvals, political unrest or instability
in countries where Pan American is active, labor relations and other risk
factors listed from time to time in Pan American's Form 40-F. 

DATASOURCE: Pan American Silver Corp.



CONTACT: Brenda Radies, VP Corporate Relations, [phone],

http://www.panamericansilver.com/

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