PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

Ground Swell Capital, LLC's Holding History (CIK: 0001534450)

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

Q2 2014

Shares 657 Value ($000) $10 Avg Close $13.25 Range $12.02 - $15.50

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	657	$10	$13.25	$12.02 - $15.50