Andean Precious Metals Announces Appointment of Michele Ashby as Independent Director

ANDEAN PRECIOUS METALS ANNOUNCES APPOINTMENT OF

MICHELE ASHBY AS INDEPENDENT DIRECTOR

TORONTO, Ontario, December 18, 2023 – Andean Precious Metals Corp. (TSX-V: APM,

OTCQX: ANPMF) (“Andean” or the “Company”) announces the appointment of Michele

Ashby as an independent director effective January 2, 2024. With the appointment of Ms.

Ashby, six of the seven directors serving on Andean’s board of directors are independent.

Ms. Ashby is currently the CEO & Founder of ACE LLC, a company that educates and trains

women to attain corporate board positions. She also established the Denver Gold Group, a

globally recognized international trade association, serving on its board for 17 years,

including tenure as Founder and CEO. Subsequently, she founded and was CEO of MINE

LLC (Meetings International Natural Resources Enterprise) from 2005 to 2013, encouraging

collaborations between resource/energy enterprises and prominent investors across the US,

Europe, UK and Canada. In 2022, Ms. Ashby was recognized as one of the top 100

Inspirational Women in Mining by Women in Mining UK.

Ms. Ashby excels in capital markets, governance and marketing, and currently serves as an

independent director for Treasury Metals, Inc. and the National Mining Hall of Fame &

Museum. She was formerly a director for publicly listed companies including, McEwen Mining

Inc., Lithium X Energy Corp., Lucky Strike Resources, Inc., Lake Victoria Mining Company,

Inc., Green Energy Corporation and Menē Inc. Her board responsibilities have included

chairing and participating in Audit and Compensation committees, and serving on Nominating

and Governance, Health, Safety & Environmental, and Special Committees.

“Ms. Ashby brings a deep understanding of capital markets, finance and mining, leveraging

over three decades of global mining experience and 25 years of board experience,” stated

Alberto Morales, Andean’s Executive Chairman and CEO. “Her career is distinguished by

innovative initiatives and influential leadership. We are delighted to welcome her to Andean’s

board of directors.”

About Andean Precious Metals Corp.

Andean is a growing precious metals producer focused on top-tier jurisdictions in the

Americas. The Company owns and operates the San Bartolomé processing facility in Potosí,

Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded to act

on future growth opportunities. Andean’s leadership team is committed to creating value;

fostering safe, sustainable and responsible operations; and achieving our ambition to be a

multi-asset, mid-tier precious metals producer.

For more information, please contact:

Trish Moran Anna Speyer

VP Investor Relations NATIONAL Capital Markets

[email protected] [email protected]

T: +1 416 564 4290 T: +1 416 848 1376

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.