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APN.V ·

Altiplano Provides Update on its $1.5M Private Placement

Financings

Altiplano Metals Inc.

250 Southridge NW, Suite 300

Edmonton, AB

Canada

T6H 4M9

Altiplano Provides Update on its $1.5M Private Placement

Edmonton, Alberta – December 11, 2025 - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“Altiplano”

or the “ Company”), in connection with its non-brokered private placement (the “Offering”) previously

announced on October 10, 2025 and November 14, 2025, Altiplano is pleased to report that it has received

multiple subscriptions and expects to close the first tranche of the Offering within the coming week.

The Offering consists 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 wil l 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.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary

approvals including the approval of the TSX Venture Exchange. The securities issued will have a hold

period of four months and one day from the closing of the Offering. The net proceeds of the Offering will

be used to funds exploration and development of the Company’s projects, and for general working capital.

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

accordance with the policies of the TSX Venture Exchange.

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 n industry leading 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.

For further information, please contact:

Alastair McIntyre, CEO

E: [email protected]

T: (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.

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NEITHER 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.

Forward-Looking Statements : 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.

Although the Company believes the ex pectations expressed 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 could 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 performance and actual results or developments may differ materially from those projected in the forward -

looking statements. For more information on the Company, inve stors should review the Company's continuous

disclosure filings that are available on SEDAR+ at www.sedarplus.ca.

Not for distribution to United States newswire services or for dissemination in the United States.