Pan American Gold Resources Corp. New Executive Board, & New Direction in Gold Mining

SPOKANE, WA July 12, 2004 -- Pan American Gold Resources Corp. (Pan American Gold) (OTC: PGDR.PK), acquired the services of 2 new Directors and will focus its operations on acquiring primarily Gold Mining projects in the United States, Canada, Mexico and Latin America.

About Pan American Gold Resources Corp.
Pan American Gold Resources Corp. has changed its corporate direction, and currently is considered a junior natural resource company. It is primarily engaged in the exploration, development and acquisition of precious metal, base metal, mineral, and industrial grade mineral/gem properties in the Western United States, Canada, Mexico, and Central/South America.

Pan American Gold has identified several projects both domestic and foreign as potential and current acquisitions: The Company's Management and Consulting Team have a strong exploration background -- from discovery through to mine development -- mining and milling. The Company's philosophy is to identify mines that are currently producing or near production, and have significant reserve or reserve potential. Several of these projects also have, or include significant exploration potential in geologic settings that have the potential for world-class Gold AU deposits.

The projects and potential acquisitions are the culmination of significant years of work and experience along with contacts gained by Management and Consultants/Advisors of the Company. The work experience of the group includes all facets of exploration, development, mining and milling, processing, environmental issues and new technological advances.

The new officers and directors of the Company are all experienced in mining operations and have financial and management backgrounds. Their resumes are listed below.

David G. Stevenson, M.B.A. – Chief Executive Officer, Member Board of Directors

David G. Stevenson is an innovative entrepreneur who has dedicated the past 20 years developing and implementing technological solutions to the challenges faced by business leaders in the global marketplace. He has provided front-line strategic counsel to senior executives and IT specialists in an impressive array of Fortune 500 companies to facilitate business process re-engineering, interoperability, work group computing, and systems management.

Mr. Stevenson spearheaded a team that successfully completed two joint venture contracts between the People's Republic of China and a Western corporation more than 15 years ago. The relationships forged between Mr. Stevenson, industry, and technology leaders in Asia and North America will play an integral role in Pan American's global expansion plans.

Mr. Stevenson holds a Master of Business Administration (M.B.A.) with a major in Computer and Information Systems Management.

George D. Hennessey, BS, - Vice President Mineral Exploration & Development - Director

Mr. George Hennessey earned his B.S. in Geology at Arizona State University in 1960 and had a post-graduate education at Brigham Young University in the area of Accounting and Business Management. Since 1977, Mr. Hennessey has been a consultant for Major Mining Companies, Private Corporations, Investment Groups and Individuals, relative to mineral exploration, mineral property evaluations, acquisitions, and dispositions. He has an extensive background with the preparation of environmental impact Statements and analysis.

Mr. Hennessey has worldwide expertise in international trade and marketing of natural resource products, precious metals and consumer goods. He has extensive work experience overseas, which has included the Philippines, the People's Republic of China, Southeast Asia, New Zealand, Australia, Central and South America and Africa.

This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.

The potential risks and uncertainties include, among others, the company's limited operating history, the limited financial resources, domestic or global economic conditions, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, and conditions of equity markets. More information about the potential factors that could affect the company's business and financial results is included in the Company's filings, available via the United States Securities & Exchange Commission.


For more information, visit www.PanAmericanAU.Com

Our latest Quote Click here http://www.pinksheets.com/quote/quote.jsp?symbol=pgdr

Contact: Pan American Gold Resources Corp.
Info@PanAmericanAU.Com
Phone:    509. 448.6245
Fax:     509. 448.2282





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