PanAmerican to Show WorldStar Vehicle in European Auto Show

    CALGARY, Alberta--June 5, 2001--PanAmerican Automotive Corp. (OTC:PAAT) is pleased to announce that the WorldStar vehicle for which PanAmerican currently holds the Master Licenses for all of the Caribbean countries, all of the Central American countries and for the entire country of Mexico, has been selected as one of only seven car bodies from Europe and the USA to be displayed at the 4th European Automobile Conference entitled Plastic Car Bodies, Today and Tomorrow.
    The conference is scheduled for June 11-12 in Bad Nauheim/Frankfurt, Germany and is hosted by the International Group of Experts Plastic Car Body.
    Once thought of as a futuristic goal, plastic lightweight vehicle bodies are becoming a reality. In this conference, different manufacturers have set out to prove that plastic materials can be used cost effectively in automatic serial production of vehicle designs and that semi-finished products made of similar materials and manufacturing technology are available in a form suitable for automobile construction. Even in structural frame components, fibre-reinforced plastic materials are beginning to compete with steel and aluminum. The WorldStar is the only vehicle of the seven to be displayed at the conference that is constructed entirely of composite materials.
    Other models on display are the Ford "Think," the Liger "Nova" and "Due," the Aston Martin "Vanquish," the Horlacher modular concept, the "Avantime" made by SMC, and the Peugeot "307."
    PanAmerican management is pleased to participate in this show by way of its association and licensing arrangements with World Transport Authority Inc. and feels that the show will go along way in establishing the WorldStar vehicle and its unique micro-manufacturing process throughout its vast licensed territories.

    This press release contains forward-looking statements within the definition of section 27A of the Securities act of 1933, as amended and such section 21E of the securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision.