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PER.V ·

Peruvian Metals Announces AGM Results and Grant of Stock Options

Share Capital & Compensation Shareholder Meetings

Peruvian Metals Announces AGM Results and

Grant of Stock Options

Edmonton, Alberta--(Newsfile Corp. - December 20, 2021) -

Peruvian Metals Corp. (TSXV: PER)

("Peruvian Metals" or the "Company") announces a total of 64,754,228 common shares were voted

either in person or by proxy at its Annual and General Meeting on December 14

th

, which represented

66.12% of the outstanding common shares of the Company as at the record date. All the matters

submitted to the shareholders, as set out in the Notice of Meeting and Information Circular dated

November 15

th

, were voted in favour, including fixing the size of the board of Peruvian Metals to five, the

ratification of the Company's 10% rolling stock option plan, and the appointment of UHY McGovern

Hurley LLP, Chartered Accountants, as the auditor of the Company for the ensuing year.

In addition, the Company announces its Board has granted 2,125,000 incentive stock options to various

directors, officers, employees, and consultants. The options vest immediately and may be exercised at a

price of $0.20 per common share for a period of three years from the date of grant, in accordance with

its stock option plan and policies of the TSX Venture Exchange.

About Peruvian Metals Corp.

Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business

model is to provide toll milling services for clients and to produce high grade concentrates from mineral

purchases. The Company continues to acquire and develop precious and base metal properties in Peru.

For further information on Peruvian Metals Corp. please visit

www.peruvianmetals.com

.

Peruvian Metals Corp. is a Canadian resource company listed on the

TSX Venture Exchange: Symbol "PER"

For additional information, contact:

Jeffrey Reeder Tel: (647) 302-3290

Website:

www.peruvianmetals.com

Email:

[email protected]

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.

Disclosure Regarding Forward-Looking Statements:

This press release contains certain "Forward-

Looking Statements" within the meaning of applicable securities legislation. We use words such as

"might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar

terminology to identify forward-looking statements and forward-looking information. Such statements and

information are based on assumptions, estimates, opinions and analysis made by management in light

of its experience, current conditions and its expectations of future developments as well as other factors

which it believes to be reasonable and relevant. Forward-looking statements and information involve

known and unknown risks, uncertainties and other factors that may cause our actual results to differ

materially from those expressed or implied in the forward-looking statements and information and

accordingly, readers should not place undue reliance on such statements and information. Risks and

uncertainties are more fully described in our annual and quarterly Management's Discussion and

Analysis and in other filings made by us with Canadian securities regulatory authorities and available at

www.sedar.com

. While the Company believes that the expectations expressed by such forward-looking

statements and forward-looking information and the assumptions, estimates, opinions and analysis

underlying such expectations are reasonable, there can be no assurance that they will prove to be

correct. In evaluating forward-looking statements and information, readers should carefully consider the

various factors which could cause actual results or events to differ materially from those expressed or

implied in the forward-looking statements and forward-looking information.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/108136