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HPM.V ·

Halcones Withdraws from Option to Acquire the Carachapampa Project in Chile

Mergers & Acquisitions Property Options & Staking

Halcones Withdraws from Option to Acquire the Carachapampa

Project in Chile

TORONTO, ONTARIO April 9, 202 4 – Halcones Precious Metals Corp. (TSX – V: HPM) (the

“Company” or “Halcones”) has withdrawn from its option to acquire the Carachapampa project

(the “Project”) in Chile pursuant to the terms of the Carachapampa option agreement.

Halcones is currently evaluating opportunities in an effort to reactivate its business and build

shareholder value.

About Halcones Precious Metals Corp.:

Halcones is focused on exploring for and developing gold-silver projects in the Maricunga Belt,

Chile, the premiere gold mining district in South America. The Company has a team with a

strong background of exploration success in the region.

For further information, please contact:

Vincent Chen

Investor Relations

[email protected]

www.halconespreciousmetals.com

Cautionary Note Regarding Forward-looking Information

This press release contains “forward -looking information” within the meaning of applicable

Canadian securities legislation. Forward -looking information includes, without limitation,

regarding the Project, the mineralization of the Project, the option agreement for the Project ,

the Company’s ability to identify and acquire projects and the Company’s future plans. Generally,

forward-looking information can be identified by the use of forward-looking terminology such as

“plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”,

“forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such

words and phrases or state that certain actions, events or results “may”, “could”, “would”,

“might” or “will be taken”, “occur” or “be achieved”. Forward - looking information is subject to

known and unknown risks, uncertainties and other factors that may cause the actual results, level

of activity, performance or achievements of Halcones , as the case may be , to be materially

different from those expressed or implied by such forward-looking information, including but not

limited to: general business, economic, competitive, geopolitical and social uncertainties; the

actual results of current exploration activi ties; risks associated with operation in foreign

jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks;

and other risks inherent in the mining industry. Although Halcones has attempted to identify

important factors that could cause actual results to differ materially from those contained in

forward-looking information, there may be other factors that cause results not to be as

anticipated, estimated or intended. There can be no assurance that such i nformation will prove

to be accurate, as actual results and future events could differ materially from those anticipated

in such statements. Accordingly, readers should not place undue reliance on forward- looking

information. Halcones does not undertake to update any forward-looking information, except in

accordance with applicable securities laws.

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.