Andean Precious Metals Announces RSU Grants

ANDEAN PRECIOUS METALS ANNOUNCES RSU GRANTS

TORONTO, Ontario, December 6, 2023 – Andean Precious Metals Corp. (TSX-V: APM,

OTCQX: ANPMF) (“Andean” or the “Company”) announced that on December 4, 2023 (the

“Grant Date”), it granted restricted share units (“RSUs”) to certain employees and service

providers of its recently acquired subsidiary, Golden Queen Mining (each, a “Participant” and

collectively the “Participants”), pursuant to Andean’s Omnibus Long-Term Incentive Plan (the

“Plan”).

In order to retain critical personnel for the continuation of its purposes and objectives and to

promote the business success of the Company, Andean’s board of directors approved the

grant of an aggregate amount of 821,181 RSUs to the Participants. The RSUs shall vest on

the date that is 12 months from the Grant Date and shall be settled in shares of the Company

unless otherwise jointly agreed between the Participant and the Company.

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.