January 26, 2006

PAN AMERICAN SILVER TO RELEASE Q4 AND YEAR END FINANCIAL RESULTS FEBRUARY 23, 2006
Vancouver, Canada - Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) will release its 2005 fourth quarter and year-end financial and operating results before market open on February 23, 2006 and will host a conference call to discuss them on that day at 11:00 am Pacific time. North American residents dial toll-free to 1-877-825-5811.  International participants please dial 1-973-582-2767. The call may also be accessed from the home page of the Company’s website at www.panamericansilver.com. It will be available for replay for one week after the call by dialling 1-877-519-4471 and using replay pin number 6961962.

For Further Information Contact:

Brenda Radies, Vice-President Corporate Relations (604) 806-3158