PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

CARLSON CAPITAL L P's Holding History (CIK: 0001056973)

Note: Option positions (PUT/CALL) are excluded.

Q3 2013

Shares 1,002,500 Value ($000) $10,576 Avg Close $12.17 Range $10.50 - $14.24

Q2 2013

Shares 3,400,000 Value ($000) $39,576 Avg Close $12.75 Range $10.23 - $16.36

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	1,002,500	$10,576	$12.17	$10.50 - $14.24
Q2 2013	3,400,000	$39,576	$12.75	$10.23 - $16.36