<HTML>
<head><title>Converted by EDGARwiz</title> </head> <body style="MARGIN-TOP:0px; FONT-FAMILY:Times New Roman; COLOR:#000000; FONT-SIZE:10pt"> <div style="WIDTH:793px; HEIGHT:2370px"> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; FONT-SIZE:14pt" align=center><b>UNITED STATES</b></p> <p style="MARGIN:0px; FONT-SIZE:14pt" align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p> <p style=MARGIN:0px align=center><b>Washington, D.C. 20549</b></p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center>&nbsp; </p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; FONT-SIZE:18pt" align=center><b>FORM 8-K</b></p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center><b>CURRENT REPORT</b></p> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center><b>Pursuant to Section 13 or 15(d) of</b></p> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center><b>the Securities Exchange Act of 1934</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><b>Date of Report (date of earliest event reported):&nbsp;&nbsp;January 18, 2012</b></p> <p style=MARGIN:0px align=center>&nbsp;</p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; FONT-SIZE:24pt" align=center><b>PAN AMERICAN GOLDFIELDS LTD.</b></p> <p style=MARGIN:0px align=center>(Exact name of Registrant as specified in its charter)</p> <p style=MARGIN:0px><br></p> <table style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=100> <td width=16> <td width=100> <td width=16> <td width=100 /> </tr><tr> <td width=100 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center><b>Delaware</b></p></td> <td width=16 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp; </p></td> <td width=100 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center><b>000-23561</b></p></td> <td width=16 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp; </p></td> <td width=100 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center><b>84-1431797</b></p></td></tr> <tr> <td width=100 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>(State or other jurisdiction of</p> <p style=MARGIN:0px align=center>incorporation or organization)</p></td> <td width=16 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp; </p></td> <td width=100 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>(Commission</p> <p style=MARGIN:0px align=center>File Number)</p></td> <td width=16 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp; </p></td> <td width=100 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>(I.R.S. Employer</p> <p style=MARGIN:0px align=center>Identification Number)</p></td></tr></table> <p style=MARGIN:0px>&nbsp;</p> <table style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=260 /> </tr><tr> <td width=260 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td></tr> <tr> <td width=260 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>595 HOWE STREET, UNIT 906</p> <p style=MARGIN:0px align=center>VANCOUVER, CANADA A1 V6C 2T5</p></td></tr> <tr> <td width=260 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><b>(Address of principal executive offices) (Zip Code)</b></p></td></tr> <tr> <td width=260 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td></tr> <tr> <td width=260 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>(303) 327-1587</p></td></tr> <tr> <td width=260 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><b>(Registrant<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s telephone number, including area code)</b></p></td></tr> <tr> <td width=260 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td></tr> <tr> <td width=260 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center><b>Not Applicable</b></p></td></tr> <tr> <td width=260 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center><b>(Former name or former address, if changed since last report)</b></p></td></tr></table> <p style=MARGIN:0px align=center>&nbsp; </p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p> <p style=MARGIN:0px>&nbsp;</p> <p style="MARGIN:0px; FONT-FAMILY:Wingdings">o<font style="FONT-FAMILY:Times New Roman">&nbsp;&nbsp;&nbsp;</font><font style="FONT-FAMILY:Times New Roman">&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p> <p style=MARGIN:0px>&nbsp;</p> <p style="MARGIN:0px; FONT-FAMILY:Wingdings">o<font style="FONT-FAMILY:Times New Roman">&nbsp;&nbsp;&nbsp;</font><font style="FONT-FAMILY:Times New Roman">&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p> <p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px><br><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px; FONT-FAMILY:Wingdings">o<font style="FONT-FAMILY:Times New Roman">&nbsp;&nbsp;&nbsp;</font><font style="FONT-FAMILY:Times New Roman">&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p> <p style=MARGIN:0px>&nbsp;</p> <p style="MARGIN:0px; FONT-FAMILY:Wingdings">o<font style="FONT-FAMILY:Times New Roman">&nbsp;&nbsp;&nbsp;</font><font style="FONT-FAMILY:Times New Roman">&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px> <hr> <br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px><b>ITEM 5.02. &nbsp;DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>(d) &nbsp;On January 4, 2012, Pan American Goldfields Ltd., a Delaware corporation (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), appointed Mr. Hernan Celorrio to its board of directors (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Board<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) to fill a vacancy on the Board. &nbsp;</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>Since August 2011, Mr. Celorrio, a lawyer, age 68, has served, as an advisor to the Board, and continues to serve as a director of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s subsidiary, Recursos Argentinos SA. Mr. Celorrio currently serves as vice president of the Argentine-Chilean Chamber of Commerce and as director of the Executive Committee and president of the Mining Committee of the Argentine Canadian Chamber of Commerce. &nbsp;He is also the president of the Argentine Mining Foundation (FUNDAMIN). Mr. Celorrio has previously served as the President of Barrick Exploraciones Argentina S.A. and as Vice President of Minera Pe&#241;oles in Argentina. &nbsp;Additionally, Mr. Celorrio has previously served on the board of directors of Northern Orion Resources and Yamana Resources (Compa&#241;ia Minera Polimet S.A.) in Argentina. Mr. Celorrio holds a degree from School of Law of the University of Buenos Aires, Argentina.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>In connection with his appointment, Mr. Celorrio will receive a monthly director<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s fee of $2,000 and has entered into the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s standard form of indemnification agreement. &nbsp;Pursuant to this agreement, and subject to the exceptions and limitations provided therein, the Company has agreed to hold harmless and indemnify Mr. Celorrio to the fullest extent permitted by law against any and all liabilities and expenses in connection with any proceeding to which Mr. Celorrio was, is or becomes a party, arising out of his services as an officer, director, employee, agent or fiduciary of the Company or its subsidiaries. The foregoing description is qualified in its entirety by the full text of the form of indemnification agreement, which is filed as Exhibit 10.1 and is incorporated by reference herein.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>A copy of this press release is furnished herewith as Exhibit 99.1.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><b>ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</p> <p style=MARGIN:0px><br></p> <table style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr height=0 style=FONT-SIZE:0px> <td width=42> <td width=6> <td width=284 /> </tr><tr> <td width=42 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:8pt" align=center><b>Exhibit</b></p></td> <td width=6 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:8pt"><b>&nbsp;</b></p></td> <td width=284 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:8pt"><b>Description</b></p></td></tr> <tr> <td width=42 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td> <td width=6 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td> <td width=284 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td></tr> <tr> <td width=42 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>10.1(1)</p></td> <td width=6 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td> <td width=284 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Form of Director and Officer Indemnification Agreement.</p></td></tr> <tr> <td width=42 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;99.1</p></td> <td width=6 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=284 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>Press Release, dated January 17, 2012.</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>(1) &nbsp;Incorporated by reference to Registrant<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Current Report on Form 8-K, filed on July 6, 2010 (File No. 000-23561).</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>&nbsp;&nbsp;</p> <p style=MARGIN:0px align=center> <hr> <br></p> <p style="MARGIN:0px; FONT-SIZE:8pt" align=right>&nbsp; </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>SIGNATURE</b></p> <p style=MARGIN:0px>&nbsp;</p> <p style="TEXT-INDENT:20px; MARGIN:0px">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p> <p style="TEXT-INDENT:20px; MARGIN:0px">&nbsp;</p> <p style=MARGIN:0px>&nbsp;</p> <table width=100% style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr height=0 style=FONT-SIZE:0px> <td> <td width=16> <td width=150 /> </tr><tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=166 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><b>PAN AMERICAN GOLDFIELDS LTD.</b></p></td></tr> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=16 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=150 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td></tr> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=16 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=150 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td></tr> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=16 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=150 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td></tr> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Date: January 18, 2012</p></td> <td width=16 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>By:</p></td> <td width=150 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>/s/ Miguel Di Nanno</p></td></tr> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=16 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=150 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Miguel Di Nanno</p></td></tr> <tr> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=16 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp; </p></td> <td width=150 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;President</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; FONT-SIZE:8pt">&nbsp; </p> <p style="MARGIN:0px; FONT-SIZE:8pt" align=center> <hr> &nbsp; </p> <p style=MARGIN:0px align=center><br></p> <p style="MARGIN:0px; FONT-SIZE:8pt" align=right>&nbsp; </p> <p style=MARGIN:0px align=center><br><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>EXHIBIT INDEX</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px><br></p> <table width=100% style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr height=0 style=FONT-SIZE:0px> <td width=26> <td width=6> <td /> </tr><tr> <td width=26 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:8pt" align=center><b>Exhibit</b></p></td> <td width=6 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:8pt"><b>&nbsp;</b></p></td> <td style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:8pt"><b>Description</b></p></td></tr> <tr> <td width=26 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td> <td width=6 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td></tr> <tr> <td width=26 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>10.1(1)</p></td> <td width=6 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>&nbsp;</p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Form of Director and Officer Indemnification Agreement.</p></td></tr> <tr> <td width=26 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top><p style=MARGIN:0px>&nbsp;99.1</p></td> <td width=6 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Press Release, dated January 17, 2012.</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>(1) &nbsp;Incorporated by reference to Registrant<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Current Report on Form 8-K, filed on July 6, 2010 (File No. 000-23561).</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br><br></p></div></body>
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{"company-data": {"conformed-name": "PAN AMERICAN GOLDFIELDS LTD", "cik": "0001046672", "assigned-sic": "1040", "irs-number": "841431797", "state-of-incorporation": "DE", "fiscal-year-end": "0228"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23561", "film-number": "12532880"}, "business-address": {"street1": "595 HOWE STREET, UNIT 906", "city": "VANCOUVER", "state": "A1", "zip": "V6C 2T5", "phone": "303-327-1587"}, "mail-address": {"street1": "595 HOWE STREET, UNIT 906", "city": "VANCOUVER", "state": "A1", "zip": "V6C 2T5"}, "former-company": [{"former-conformed-name": "MEXORO MINERALS LTD", "date-changed": "20060213"}, {"former-conformed-name": "SUNBURST ACQUISITIONS IV INC", "date-changed": "19970924"}]}
Converted by EDGARwiz
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):  January 18, 2012
PAN AMERICAN GOLDFIELDS LTD.
(Exact name of Registrant as specified in its charter)
Delaware
000-23561
84-1431797
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
595 HOWE STREET, UNIT 906
VANCOUVER, CANADA A1 V6C 2T5
(Address of principal executive offices) (Zip Code)
(303) 327-1587
(Registrant
'
s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.02.  DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
(d)  On January 4, 2012, Pan American Goldfields Ltd., a Delaware corporation (the
"
Company
"
), appointed Mr. Hernan Celorrio to its board of directors (the
"
Board
"
) to fill a vacancy on the Board.
Since August 2011, Mr. Celorrio, a lawyer, age 68, has served, as an advisor to the Board, and continues to serve as a director of the Company
'
s subsidiary, Recursos Argentinos SA. Mr. Celorrio currently serves as vice president of the Argentine-Chilean Chamber of Commerce and as director of the Executive Committee and president of the Mining Committee of the Argentine Canadian Chamber of Commerce.  He is also the president of the Argentine Mining Foundation (FUNDAMIN). Mr. Celorrio has previously served as the President of Barrick Exploraciones Argentina S.A. and as Vice President of Minera Peñoles in Argentina.  Additionally, Mr. Celorrio has previously served on the board of directors of Northern Orion Resources and Yamana Resources (Compañia Minera Polimet S.A.) in Argentina. Mr. Celorrio holds a degree from School of Law of the University of Buenos Aires, Argentina.
In connection with his appointment, Mr. Celorrio will receive a monthly director
'
s fee of $2,000 and has entered into the Company
'
s standard form of indemnification agreement.  Pursuant to this agreement, and subject to the exceptions and limitations provided therein, the Company has agreed to hold harmless and indemnify Mr. Celorrio to the fullest extent permitted by law against any and all liabilities and expenses in connection with any proceeding to which Mr. Celorrio was, is or becomes a party, arising out of his services as an officer, director, employee, agent or fiduciary of the Company or its subsidiaries. The foregoing description is qualified in its entirety by the full text of the form of indemnification agreement, which is filed as Exhibit 10.1 and is incorporated by reference herein.
A copy of this press release is furnished herewith as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d)       Exhibits.
Exhibit
Description
10.1(1)
Form of Director and Officer Indemnification Agreement.
99.1
Press Release, dated January 17, 2012.
(1)  Incorporated by reference to Registrant
'
s Current Report on Form 8-K, filed on July 6, 2010 (File No. 000-23561).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PAN AMERICAN GOLDFIELDS LTD.
Date: January 18, 2012
By:
/s/ Miguel Di Nanno
Miguel Di Nanno
President
EXHIBIT INDEX
Exhibit
Description
10.1(1)
Form of Director and Officer Indemnification Agreement.
99.1
Press Release, dated January 17, 2012.
(1)  Incorporated by reference to Registrant
'
s Current Report on Form 8-K, filed on July 6, 2010 (File No. 000-23561).