Mantaro Precious Metals Corp. Announces Share Consolidation

MANTARO PRECIOUS METALS CORP. ANNOUNCES SHARE CONSOLIDATION

Vancouver, British Columbia, November 14, 2023 - MANTARO PRECIOUS METALS CORP. (TSXV: MNTR;

OTCQB: MSLVF; FSE: 9TZ) (the “Company”)) announces that the Company plans to consolidate its issued

and outstanding common shares at a ratio of ten (10) pre -consolidated shares to one (1) post -

consolidation share (the “Consolidation”). The purpose of the Consolidation is to improve the capital

structure and generate greater investor interest.

The Company currently has 71,793,733 common shares issued and outstanding. Upon completion of the

Consolidation, the Company will have 7,179,373 common shares issued and outstanding.

In accordance with the Company’s Articles, the Consolidation will not require the approval of the

shareholders. The Company will not be changing its name in connection with the Consolidation. The

Consolidation is subject to the acceptance of the TSX Venture Exchange.

About Mantaro Precious Metals Corp.

Mantaro Precious Metals Corp. is a British Columbia company that holds a 100% interest in the high-grade

Santas Gloria silver property, located in Peru.

For more information please contact:

Jacob Garland

Phone: (604) 806-0626

E-mail: [email protected]

Forward-Looking Statements

Information set forth in this news release contains forward -looking statements that are based on

assumptions as of the date of this news release. These statements reflect management’s current

estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The

Company cautions that all forward looking statements are inherently uncertain and that actual

performance may be affected by a number of material factors, many of which are beyond the Company’s

control. Such factors include, among other things: risks and uncertainties relating to Company’s limited

operating history, ability to obtain sufficient financing to carry out its exploration programs and the need

to comply with environmental and governmental regulations. Accordingly, actual and future events,

conditions and results may differ materially from the estimates, beliefs, intentions and expectations

expressed or implied in the forward -looking information. Except as required under applicable securities

legislation, the Company undertakes no obligation to publicly update or revise forward -looking

information.

The forward-looking statements contained in this news release are made as of the date of this news

release. Except as required by law, the Company disclaims any intention and assumes no obligation to

update or revise any forward-looking statements, whether as a result of new information, future events

or otherwise.

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

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