Anacortes Mining Corp.

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Pan American Silver Corp.

10% Security Holder of Issuer

2 sales — total 1,722,000 CAD

Sale 17 May 2023

Value CA$458,509.25 | Price 197.21 | Shares 95,272

Sale 17 May 2023

Value CA$2,137,272.05 | Price 293.08 | Shares 26,361

Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value	Details
2023-05-18	2023-05-17	S Sale	Pan American Silver Corp. 10% Security Holder of Issuer Large shareholder	95,272 197.21 CA$458,509	95,272	197.21	CA$458,509
2023-05-18	2023-05-17	S Sale	Pan American Silver Corp. 10% Security Holder of Issuer Large shareholder	26,361 -10.7% 293.08 CA$2,137,272	26,361 -10.7%	293.08	CA$2,137,272

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