Makes Application for Management Cease Trade Order
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano
Makes Application for Management Cease Trade Order
Vancouver, BC, July 22, 2024 – Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG)) ("Altiplano" or the
"Company") today announces that it anticipates a delay in the filing of the financial statements required
pursuant to Part s 4 and 5 of National Instrument 51 -102 Continuous Disclosure Obligations (the
“Instrument”). The potential for delay is due to the Company’s and its auditors’ joint assessment of the
time required for the remaining audit procedures and the auditors’ review process. The delay was caused
by the resignation of the Company’s Chief Financial Officer (“ CFO”) on May 31, 2024 upon short notice to
the Company. Mr. Mark Minckler has been appointed as the new CFO of the Company. Mr. Minckler has
over 30 years experience in accounting and finance including as a controller for a geological consulting
exploration company. The new CFO is working closely with the Company’s accounting staff, Audit
Committee Chair and auditor to deliver the audited financial statements and related MD&A. Both the
Company and its auditors continue to work diligently towards the completion and filin g of the financial
statements and MD&A.
The Instrument requires that the Company’s audited consolidated financial statements, MD&A, and Chief
Executive Officer (“CEO”) and CFO certifications relating to the audited consolidated financial statements
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 to complete the audited consolidated financial
statements. The Company ex pects that the audited consolidated financial statements, MD&A, and CEO
and CFO certifications relating to the audited consolidated financial statements for the 15-months period
ended March 31, 2024 (collectively, the “Required Filings”) will be completed and filed on or before August
30, 2024.
In connection with the anticipated delays in making the Required Filings within the time periods mandated
by the Instrument, the Company has made an application under National Policy 12-203 Management Cease
Trade Orders (“NP 12-203”) to the Alberta Securities Commission, as principal regulator for the Company,
requesting that a management cease trade order (“MCTO”) be issued. If granted, the MCTO will restrict all
trading by the Company’s CEO and CFO i n 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 two busine ss days after 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.
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 T SX Venture Exchange trading under the symbol APN and the
Frankfurt Exchange under the symbol A2JNFG.
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
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.
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 drill ing, 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 i ssuer is
not treating the historical estimates as current mineral 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 gr ade 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 uncerta inty 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 na tural 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 resu lts 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.