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Andean Precious Metals Appoints New Independent Director, Yohann Bouchard

Management Changes

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ANDEAN PRECIOUS METALS APPOINTS NEW INDEPENDENT DIRECTOR,

YOHANN BOUCHARD

TORONTO, Ontario, November 28, 2022 – Andean Precious Metals Corp. (TSX -V: APM)

(OTCQX: ANPMF) (“Andean” or the “Company”) is pleased to announce the appointment of

Yohann Bouchard to its board of directors, effective December 1, 2022.

“Yohann is an excellent addition to our board given his depth of technical experience , his

first-hand knowledge of South America and his familiarity of the culture. He has an impressive

record of transforming operations and adding value through the development and

empowerment of people and a commitment to operational excellence,” said Alberto Morales,

Andean’s CEO and Executive Chairman. “We are pleased to welcome Yohann as an

independent director to our board as we prepare for our next stage of growth.”

Mr. Bouchard is a Professional Mining Engineer with over 25 years of mining experience

leading operational teams throughout the Americas and Africa . His technical background in

underground and open pit mining provides valuable industry insight and perspective.

He is currently Senior Vice President and Chief Operating Officer at Yamana Gold,

responsible for operations and development projects in Brazil, Chile, Argentina, and Canada.

As well, Mr. Bouchard oversees the Canadian Malartic and Odyssey mines through his role

as Vice President of Canadian Malartic, Yamana’s 50% partnership with Agnico Eagle.

Mr. Bouchard joined Yamana in 2014 and has progressed through roles of increasing

responsibility. Under his operational leadership, Yamana has consistently delivered on

production and cost targets while implementing expansion and optimization projects and

maintaining an exemplary safety performance. Prior to joining Yamana, Mr. Bouchar d

occupied key operating and technical positions with Primero Mining Corporation, Iamgold

Corporation, Breakwater Resources Ltd and Cambior Inc, gaining broad experience in

precious and base metals using a range of mining and processing methods. He previou sly

served on the board of directors of Monarch Gold Corporation.

Mr. Bouchard is fluent in French, English and Spanish and holds a Bachelor of Mining

Engineering degree from École Polytechnique of Montréal. He is registered as a Professional

Engineer in Ontario.

About Andean Precious Metals

Andean Precious Metals is a growth-focused silver producer that owns and operates the San

Bartolomé project located in the department of Potosí, Bolivia. San Bartolomé has been

operating continuously since 2008, producing an average of over five million ounces of silver

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equivalents per year. The Company is also exploring its wholly owned San Pablo project and

seeking other accretive opportunities in Bolivia and the wider Americas. Andean is committed

to fostering safe, sustainable and responsible operations. For more information, please visit

www.andeanpm.com.

Company Contact North America Europe

Trish Moran

VP Investor Relations

[email protected]

T: +1 416 564 4290

Anna Speyer

NATIONAL Capital Markets

[email protected]

T: +1 416 848 1376

Charles Vivian

Tavistock

[email protected]

T: +44 20 7920 3150

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.