Altiplano Updates Status on Late Filing of Financial Statements
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano Updates Status on Late Filing
of Financial Statements
Vancouver, BC, August 9, 2024 – Altiplano Metals Inc. (TSXV:APN) (WKN: A2JNFG)) (" Altiplano" or
the "Company") further to the Company’s press release dated July 22, 2024, the Company announces the
continued delay in the filing of its annual audited financial statements for the 15 months ended March 31,
2024, required pursuant to Parts 4 and 5 of National Instrument 51-102 Continuous Disclosure Obligations
(the “Instrument”). The delay is due to its auditor’s assessment of the time required for the remaining audit
procedures and the auditor’s review process, caused by the resignation of the Company’s previous Chief
Financial Officer on short notice. The Company has provided a set of draft financial statements to its auditor
and continues to address requests by the auditor for further information. Both the Company and its auditor
continue to work diligently towards the completion and filing of the annual audited financial statements.
The Instrument require d that the Company’s audited financial statements and MD&A for the 15-month
period ended March 31, 2024, be filed by July 29, 2024. The Company and its auditor are in the process
of completing the associated audit work , and the Company expects that the audited financial statements
and MD&A will be completed and filed on or before August 30, 2024 (the “Required Filings”).
In connection with the anticipated delays in making the Required Filings within the time periods mandated
by the Instrument, the Company made an application for a Management Cease Trade Order (“ MCTO”)
under National Policy 12-203 Cease Trade Orders (“NP 12-203”) to the Alberta Securities Commission, as
principal regulator for the Company, and the MCTO was issued on July 31, 2024. The MCTO restricts all
trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The
issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the
Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or
until it is revoked or varied.
The Company confirms that it intends to satisfy the provisions of the alternative information guidelines
described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release for so long
as it remains in default of the requirement to make the Required Filings. The Company has not taken any
steps towards any insolvency proceeding and the Company has no material information relating to its affairs
that has not been generally disclosed.
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
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 an operating copper/gold/iron mine and a state -of-the-art
operating copper/gold and iron processing facility in the final stages of completion. Altiplano is focused on
creating long-term stakeholder value through developing safe and sustainable production, reinvesting into
exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a
substantial record of success in capitalizing on opportunity, overcoming challenges and building
shareholder value. Altiplano trades on the Toro nto Venture Exchange trading under the symbol APN and
the Frankfurt Exchange under the symbol A2JNFG.
www.metalsgroup.com
Altiplano is part of the Metals Group of companies. Metals Group is
an award -winning team of professionals who stand for technical
excellence, painstaking project selection and uncompromising
corporate governance, with a proven ability to capitalize on investment
opportunities and deliver shareholder returns.
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Alastair McIntyre, CEO
Tel: (416) 434 3799
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 the historical estimates as current min eral resources or mineral reserves . The Farellon mine was
previously in production dating back to the 1970’s with a reported historical production (to a depth of 70 m) yielding
approximately 300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed
locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling and related
activities and current diamond drilling to estimate grade and widths of the mineralization to reactivate production .
The decision to commence production on the Farellon deposit 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 production decision. Although the Company believes the expectations 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 g eneral 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 m ore information on the Company, investors should review the
Company's continuous disclosure filings that are available at www.sedarplus.com