U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM F-X

APPOINTMENT OF AGENT FOR SERVICE OF PROCESS

AND UNDERTAKING

A.

Name of issuer or person filing ("Fil­er"):

PAN AMERICAN SILVER CORP.

B.

This is [check one]:

[X]

an original filing for the Filer.

[  ]

an amended filing for the Filer.

C.

Identify the filing in conjunction with which this Form is being filed:

Name of registrant:

PAN AMERICAN SILVER CORP.

Form type:

Registration Statement on Form F-10

File Number (if known):

333-111763

Filed by:

PAN AMERICAN SILVER CORP.

Date Filed:

January 8, 2004

(if filed concurrently,

(concurrent here­with)

so indicate)

D.

The Filer is incorporated or organized under the laws of:

British Columbia

and has its principal place of business at:

1500-625 Howe Street

Vancouver, British Columbia, Canada  V6C 2T6

(604) 684-1175

E.

The Filer designates and appoints:

Pan American Minerals Inc.

c/o Harris, Trimmer & Thompson

6121 Lakeside Drive, Suite 260

Reno, Nevada 85511

(775) 825-4300

as the agent ("the Agent") of the Filer upon whom may be served any process, pleadings, subpoenas, or other papers in:

(a)

Any investigation or administra­tive proceeding con­ducted by the Com­mission; and

 

 

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(b)

Any civil suit or action brought against the Filer or to which the Filer has been joined as defendant or respondent, in any appropriate court in any place subject to the jurisdiction of any State or of the United States, or of any of its territo­ries or possessions or of the District of Columbia or Puerto Rico, where the investigation, proceeding or cause of action arises out of or relates to or concerns any offering made or purported to be made in connection with the securities registered or qualified by the Filer on Form F-10 on the date hereof or any purchases or sales of any security in connection therewith.  The Filer stipulates and agrees that any such civil suit or action or administra­tive proceeding may be commenced by the service of process upon, and that service of an administrative subpoena shall be effected by service upon such agent for service of process, and that service as aforesaid shall be taken and held in all courts and administrative tribunals to be valid and binding as if personal service thereof had been made.

F.

The Filer stipulates and agrees to appoint a successor agent for service of process and file an amended Form F-X if the Filer discharges the Agent or the Agent is unwilling or unable to accept service on behalf of the Filer at any time until six years have elapsed from the date the Filer has ceased reporting under the U.S. Securities Exchange Act of 1934.  The Filer further undertakes to advise the Commission promptly of any change of the Agent's name or address during such period by amendment of this form, referencing the file number of the relevant form in conjunction with which the amendment is being filed.

G.

The Filer undertakes to make available, in person or by telephone, representa­tives to respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to the Form F-10, the securities to which the Form F-10 relates and the transactions in such securities.  

The Filer certifies that it has duly caused this power of attorney, consent, stipulation and agreement to be signed on its behalf by the undersigned, thereunto duly autho­rized, in Vancouver, British Columbia, Canada on January 7, 2004.

PAN AMERICAN SILVER CORP.

By:  /s/ Ross J. Beatty                                   

Ross J. Beaty

Chairman and Chief Executive Officer

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This statement has been signed by the fol­lowing person in the capacity indicated on January 7, 2004.

PAN AMERICAN MINERALS INC.

(Agent for Service)

 

By:  /s/ Ross J. Beatty                                   

Ross J. Beaty

Director

 

 

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