Pan American Silver to be added to the XAU

Pan American Silver to be added to the XAU 


VANCOUVER, Feb. 14  /PRNewswire-FirstCall/ -- Pan American Silver Corp. (PAAS:
NASDAQ; PAA: TSX) is pleased to announce that effective February 21, 2005 it
will be added to the prestigious Philadelphia Gold and Silver Sector Index,
known as the XAU.

The XAU was the sixth most traded index option in the United States in 2004 and
is the bellwether Gold/Silver sector index for traders and investors. According
to a statement released by Daniel R. Carrigan, the Philadelphia Stock
Exchange's vice-president of new product development, the addition of Pan
American Silver to the index reflects leadership changes in the Gold and Silver
industry. "Pan American Silver Corp. has vaulted into the position of the
largest primary silver producer in the world with all production unhedged."

  Pan American is proud to be included in the industry's premier index.

  For further information Contact: Brenda Radies, VP Corporate Relations,
  [phone], 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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