Pan American Silver Issues Minor Correction to Q1 2008 Report

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/14/08 -- Pan American Silver Corp. (TSX: PAA)(NASDAQ: PAAS) (the "Company") announced today that it has re-filed on SEDAR its first quarter 2008 news release as originally filed on May 13, 2008 as a result of a minor typographical error found in the "Financial and Operating Highlights" section.

The error contained in the May 13, 2008 news release was found on page 8 under the heading "Mine Operating Highlights" within the table labeled "La Colorada Mine", at line item 6, where "Copper metal -tonnes" should be replaced with "Gold metal - ounces".

There were no changes to the Company's first quarter 2008 financial statements and no change to the cash costs at La Colorada.

Contacts: Pan American Silver Corp. Kettina Cordero Coordinator, Investor Relations (604) 684-1175 (604) 684-0147 (FAX) Email: kcordero@panamericansilver.com Website: www.panamericansilver.com

2008-05-14 18:03:13 0362042 MARKETWIRE