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APN.V ·

Altiplano Announces $1.5M Private Placement

Financings

Altiplano Metals Inc.

250 Southridge NW, Suite 300

Edmonton, AB

Canada

T6H 4M9

Altiplano Announces $1.5M Private Placement

Edmonton, Alberta – October 10, 2025 - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (" Altiplano"

or the " Company") is pleased to announce that it has arranged a non -brokered private placement (the

"Offering") of up to 30,000,000 units (the "Units") at C$0.05 per Unit to raise up to C$1,500,000 in gross

proceeds. Each Unit will consist of one (1) common share and one half (1/2) non -transferable share

purchase warrant (the "Warrants") of the Company. Each Warrant will be exercisable to acquire one (1)

additional common share at a price of C$0. 075 per share for two years from the closing date of the

Offering.

Completion of the Offering is subject to the delivery of definitive subscription agreements and TSX

Venture Exchange's acceptance. All the securities issued pursuant to this Offering will have a hold period

expiring four months and a day after the closing date. The net proceeds of the Offering will be used to

funds exploration and development of the Company’s projects, and for general working capita l. The

Company may pay finder's fees raised in connection with the financing to arm's length finders in

accordance with the policies of the TSX Venture Exchange and as permitted by law.

About Altiplano

Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company

has a diversified portfolio of assets that include exploration properties, a developing copper/gold/iron

mine and a state -of-the-art operating copper/gold and iron processing facility . Altiplano is focused on

creating long-term stakeholder value through developing safe and sustainable production, reinvesting

into exploration and development , and pursuing acquisition opportunities to provide scalable upside

opportunities. Management has a substantial record of success in capitalizing on opportunity, overcoming

challenges and building shareholder value

ON BEHALF OF THE BOARD

/s/ "John Williamson"

Chairman

For further information, please contact:

Alastair McIntyre, CEO

[email protected]

Tel: (416) 434 3799

www.metalsgroup.com

Altiplano is part of the Metals Group of Companies, led by a dynamic group

of resource sector professionals with a long record of success in evaluating

and advancing mining projects from exploration through to production,

attracting capital, and overcoming adversity to deliver exceptional

shareholder value.

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

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

This release includes certain statements that may be deemed "forward -looking statements". All statements in this

release, other than statements of historical facts, that address exploration drilling, exploitation activities and events

or developments that the Company expects are forward -looking statements. A qualified person has not done

sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is

not treating any historical information or estimates as current mineral resources or mineral reserves . The Santa

Beatriz mine was previously in private production mid 2010’s with unknown production records . This material was

processed and sold locally to a private processing facility . Altiplano is relying upon limited past production records,

underground sampling, surface drilling and related activities to further explore, develop and potentially mine Santa

Beatriz. The decision to develop the project and extract material for processing is not based on a feasibility study of

mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic

and technical risks of failure associated with any future potential production decision. Although the Company believes

the expectations e xpressed in such forward- looking statements are based on reasonable assumptions, such

statements are not guarantees of future performance and actual results or developments may differ materially from

those in the forward -looking statements. Factors that co uld cause actual results to differ materially from those in

forward-looking statements include market prices, exploitation and exploration successes, continuity of

mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to

third party opposition, changes in government policies regarding mining and natural resource exploration and

exploitation, and continued availability of capital and financing, and general economic, market or business

conditions. Investors are cautioned that any such statements are not guarantees of future perf ormance and actual

results or developments may differ materially from those projected in the forward- looking statements. For more

information on the Company, investors should review the Company's continuous disclosure filings that are available

at www.sedarplus.ca .