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APN) Reviews November 2022 Outcomes at Farellon with Copper Grade at 2.10%

Edmonton, Alberta – December 29, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“Altiplano” or the “Firm”) is happy to report on the November 2022 working outcomes from the Farellon Copper-Gold (Cu-Au) mine situated close to La Serena, Chile.

In the course of the month of November, roughly 4,110 tonnes of mineralized copper-gold materials was produced at Farellon with roughly 2,950 tonnes shipped and processed. The November manufacturing represents a rise of two.5% over the October output of 4,010 tonnes. Processing in November elevated by 23.5% over the October determine of two,390 tonnes processed. The copper grade at Farellon noticed in November at 2.10%, represents an enchancment from the 1.87% noticed in October and represents the second highest month-to-month grade in 2022 and threerd highest total. Elevated manufacturing and good copper grades generated the second highest quantity of copper gross sales from Farellon on file in November at 131,153 kilos.

Income generated in November was roughly US$308,000 after processing prices, representing a 34% enchancment over October’s income of US$213,900. At November month finish, a further 440 tonnes have been stockpiled at website with 1,528 tonnes in course of at ENAMI. The income from this materials can be credited within the following months after processing has been accomplished. Decrease grade shares of 1,400 tonnes have been shipped to the El Peñón processing facility prematurely of startup. In whole, an estimated 3,000 tonnes are stockpiled on the mill and obtainable for processing.

CEO Alastair McIntyre commented: “The November working outcomes at Farellon spotlight persevering with operational enhancements in our mining processes. It is vitally encouraging to look at rising copper grade as we start operations at decrease mining ranges. Increased grade has a major affect on our working efficiency, particularly as we transfer to decrease ranges and, as well as, transition to producing a focus on the El Peñón processing facility.”

Determine 1. Comparative Month-to-month Assessment of Farellon Output (2021-2022)

Determine 3. Magnetic Separation Drums Put in at El Peñón

The Hugo Decline reached the 344-level m in November the place mining commenced within the NE and SW instructions. Mining operations proceed the 360 m and 352 m ranges with bench mining additionally being performed between the 360 and 369 ranges. Work on the escape approach vent from the 352 stage to the 382 stage was accomplished in November to enhance the air flow of the decline and supply addition emergency entry. Scaling to widen parts of the primary decline continues in preparation of bettering visitors flows from underground to floor.

About Altiplano

Altiplano Metals is a rising gold, silver, and copper firm centered on the Americas. The Firm has a diversified portfolio of property that embody an working copper/gold/iron mine, improvement of near-term producing gold/copper initiatives, and exploration land packages with district-scale potential. Altiplano is concentrated on creating long-term stakeholder worth by way of creating protected and sustainable manufacturing, reinvesting into exploration, and pursuing acquisition alternatives to enhance its current portfolio. Administration has a considerable file of success in capitalizing on alternative, overcoming challenges and constructing shareholder worth. Altiplano trades on the Toronto Enterprise Change buying and selling below the image APN and the Frankfurt Change below the image A2JNFG.

Altiplano has generated over US$10.5 million from the restoration and sale (after processing prices) of 4.77 million kilos of copper with a mean grade of 1.8% Cu (2018 Q1-2022 Q3). Money movement has been re-invested into tools, underground drilling, increasing underground improvement at Farellon, enhancing air flow to extend productiveness and capability, new underground improvement and exploration, and the commissioning of the El Peñón fit-for-purpose mill and flotation plant situated 15 km from the Farellon website.

John Williamson, B.Sc., P.Geol., a Certified Individual as outlined by NI 43-101, has reviewed, and accepted the technical contents of this doc

Altiplano is a part of the Metals Group of corporations. Metals Group is an award-winning crew of execs who stand for technical excellence, painstaking mission choice and uncompromising company governance, with a confirmed capacity to capitalize on funding alternatives and ship shareholder returns.

www.metalsgroup.com

ON BEHALF OF THE BOARD

/s/ “John Williamson”
Chairman

For additional data, please contact:
Alastair McIntyre, CEO
alastairm@apnmetals.com
Tel: (416) 434 3799

Jeremy Yaseniuk, Director
jeremyy@apnmetals.com
Tel: (604) 773-1467

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the (TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

This launch contains sure statements that could be deemed “forward-looking statements”. All statements on this launch, aside from statements of historic details, that deal with exploration drilling, exploitation actions and occasions or developments that the Firm expects are forward-looking statements. A professional particular person has not achieved enough work to categorise any historic estimates as present mineral assets or mineral reserves and the issuer will not be treating the historic estimates as present mineral assets or mineral reserves. The Farellon mine was beforehand in manufacturing courting again to the 1970’s with a reported historic manufacturing (to a depth of 70 m) yielding roughly 300,000 tonnes at a mean grade of two.5% copper and 0.5g/t gold. This materials was processed domestically and offered to ENAMI. Altiplano is relying upon previous manufacturing information, underground sampling and associated actions and present diamond drilling to estimate grade and widths of the mineralization to reactivate manufacturing. The choice to start manufacturing on the Farellon deposit will not be primarily based on a feasibility examine of mineral reserves demonstrating financial and technical viability and there’s elevated uncertainty and financial and technical dangers of failure related to any manufacturing choice. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements usually are not ensures of future efficiency and precise outcomes or developments might differ materially from these within the forward-looking statements. Components that would trigger precise outcomes to vary materially from these in forward-looking statements embody market costs, exploitation and exploration successes, continuity of mineralization, uncertainties associated to the power to acquire mandatory permits, licenses and title and delays because of third occasion opposition, modifications in authorities insurance policies relating to mining and pure useful resource exploration and exploitation, and continued availability of capital and financing, and common financial, market or enterprise situations. Buyers are cautioned that any such statements usually are not ensures of future efficiency and precise outcomes or developments might differ materially from these projected within the forward-looking statements. For extra data on the Firm, traders ought to evaluate the Firm’s steady disclosure filings which are obtainable at www.sedar.com.

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