CALGARY, Canada (June 5, 2025)— TheNewswire - Further to a news release issued on Nov. 4, 2024, Pambili Natural Resources Corporation ("Pambili" or the "Company.") (TSX-V: PNN) is pleased to announce that its shares-for-debt application (initially announced on Nov. 4, 2024) has been conditionally approved by the TSX Venture Exchange (the “Exchange”).

Following an initial review of the application by the Exchange, and subsequent additional debt settlement agreements, the amount of debt to be converted to shares in the Company (“Shares”) was increased to C$808,906.

The Company has previously obtained Disinterested Shareholder Approval to convert Insider Debt to Shares at C$0.07 per share and, under the terms of the debt settlement agreements, all creditors will settle their debt at 50 cents on the dollar (the “Settlement”).

Following final approval from the Exchange for the aggregate Settlement of C$404,453, Pambili will issue 5,777,903 new Shares bringing the total number of shares in issue to 60,576,261.

Under the terms of the Exchange, any Shares issued to settle debt will be subject to a statutory four-month and one day hold.

About Pambili Natural Resources Corporation: Pambili Natural Resources Corporation is a natural resources exploration and development company (www.pambilinrc.com) currently active in Zimbabwe and in the province of Alberta.

For further information, contact:

Pambili Natural Resources Corporation

Jon Harris (CEO)

T: +1 (403) 277 4421

E: jon.harris@pambilinrc.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Caution Regarding Forward-Looking Information Forward-looking statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward- looking statements included in this news release include statements with respect to work to be done on the Happy Valley mine in Zimbabwe. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Corporation does not assume any obligation to update the forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicable law.