Altiplano Updates Status on Late Filing of Financial Statements; Extends MCTO
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano Updates Status on Late Filing of Financial Statements; Extends MCTO
Edmonton, September 20, 2024 – Altiplano Metals Inc. (TSXV:APN) (WKN: A2JNFG) ("Altiplano" or the "Company")
further to the Company’s press release dated September 6 th, 2024, the Company continues to work towards the
filing of its annual audited financial statements and MD&A for the 15 months ended March 31, 2024 (the “Required
Filings”). As a result of further delays in the completion of the audit, the Company received the approval of the
Alberta Securities Commission to extend the Management Cease Trade Order (“ MCTO”) under National Policy 12 -
203 Cease Trade Orders (“NP 12-203”) to October 1st, 2024. The Company has provided all information requested
by the auditor, and the auditor is currently undertaking its final review process of the Required Filings. The Company
also expects to file its interim financial statements for the quarter ended June 30, 2024 shortly after the Required
Filings are completed and filed.
The Required Filings were due to be filed by July 29, 2024 . In connection with the previously disclosed delays in
making the Required Filings, the Company made an application for a n MCTO under 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 i s
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 until it meets the Required Filings
requirement. 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.
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 a 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 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 Toronto Venture Exchange trading under the
symbol APN and the Frankfurt Exchange under the symbol A2JNFG.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Alastair McIntyre, CEO
Tel: (416) 434 3799
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
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 wi dths 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 e conomic 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 e xploration 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 explorat ion 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, investors should review the
Company's continuous disclosure filings that are available at www.sedarplus.com