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APM.TO ·

Andean Precious Metals Receives Final Approval FOR Uplisting to Toronto Stock Exchange

Listings & Exchange

NEWS RELEASE

TSX-V: APM OTCQX: ANPMF

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LEGAL_45474138.1

ANDEAN PRECIOUS METALS RECEIVES FINAL APPROVAL FOR

UPLISTING TO TORONTO STOCK EXCHANGE

TORONTO, Ontario, January 8, 2024 – Andean Precious Metals Corp. (TSX-V: APM) (OTCQX:

ANPMF) (the “Company”) is pleased to announce that it has received final approval from the Toronto

Stock Exchange (“TSX”) for the uplisting of its common shares. Effective January 9, 2025, the

Company's shares will begin trading on the TSX under the ticker symbol APM.

The Company’s transition to the TSX marks an important milestone in its growth strategy, providing

enhanced visibility, liquidity, and access to a broader base of institutional investors. Shareholders are

not required to take any action as a result of the uplisting.

In celebration of this achievement, members of the Company’s senior management team will participate

in the TSX’s market open on January 9, 2025, and will be ringing the opening bell at 9:30 AM EST.

About Andean Precious Metals

Andean is a growing precious metals producer focused on expanding into 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:

Amanda Mallough

Director, Investor Relations

[email protected]

T: +1 647 463 7808

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.

Caution Regarding Forward-Looking Statements

Certain statements and information in this release constitute “forward-looking statements” within the

meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of

applicable Canadian securities laws, which we refer to collectively as “forward-looking statements”.

Forward-looking statements are statements and information regarding possible events, conditions or

results of operations that are based upon assumptions about future economic conditions and courses

of action. All statements and information other than statements of historical fact may be forward-looking

statements. In some cases, forward-looking statements can be identified by the use of words such as

“seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”,

“predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases

(including negative variations) suggesting future outcomes or statements regarding an outlook.

NEWS RELEASE

TSX-V: APM OTCQX: ANPMF

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Forward-looking statements in this release include, but are not limited to, statements and information

regarding the listing of the Company’s common shares on the TSX . Such forward-looking statements

are based on a number of material factors and assumptions, including, but not limited to: the Company's

ability to carry on exploration and development activities; the Company's ability to secure and to meet

obligations under property and option agreements and other material agreements; the timely receipt of

required approvals and permits; that there is no material adverse change affecting the Company or its

properties; that contracted parties provide goods or services in a timely manner; that no unusual

geological or technical problems occur; that plant and equipment function as anticipated and that there

is no material adverse change in the price of silver, costs associated with production or recovery.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which

may cause ac tual results, performance or achievements, or industry results, to differ materially from

those anticipated in such forward-looking statements. The Company believes the expectations reflected

in such forward-looking statements are reasonable, but no assura nce can be given that these

expectations will prove to be correct, and you are cautioned not to place undue reliance on forward-

looking statements contained herein.

Some of the risks and other factors which could cause actual results to differ materially from those

expressed in the forward-looking statements contained in this release include, but are not limited to:

risks and uncertainties relating to the interpretati on of drill results, the geology, grade and continuity of

mineral deposits and conclusions of economic evaluations; results of initial feasibility, pre-feasibility and

feasibility studies, and the possibility that future exploration, development or mining results will not be

consistent with the Company’s expectations; risks relating to possible variations in reserves, resources,

grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as

plans continue to be refined; mining and development risks, including risks related to accidents,

equipment breakdowns, labour disputes (including work stoppages and strikes) or other unanticipated

difficulties with or interruptions in exploration and development; the potential for delays in exploration or

development activities or the completion of feasibility studies; risks related to the inherent uncertainty of

production and cost estimates and the potential for unexpected costs and expenses; risks related to

commodity price and foreign exchange rate fluctuations; the uncertainty of profitability based upon the

cyclical nature of the industry in which the Company operates; risks related to failure to obtain adequate

financing on a timely basis and on acceptable terms or delays in obtaining governmental or local

community approvals or in the completion of development or construction activities; risks related to

environmental regulation and liability; political and regulatory risks associated with mining and

exploration; risks related to the uncertain global economic environment; and other factors contained in

the section entitled “Risk Factors” in the Company’s MD&A for the three and nine months ended

September 30, 2024.

Although the Company has attempted to identify important factors that could cause actual results or

events to differ materially from those described in the forward-looking statements, you are cautioned

that this list is not exhaustive and there may be other factors that the Company has not identified.

Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements

included in this release if these beliefs, estimates and opinions or other circumstances should change,

except as otherwise required by applicable law.