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Peruvian Metals Announces Delay in Filing Annual Financial Statements

Financials Listings & Exchange Regulatory & Compliance

Peruvian Metals Announces Delay in Filing

Annual Financial Statements

Edmonton, Alberta--(Newsfile Corp. - May 2, 2023) -

Peruvian Metals Corp. (TSXV: PER) (OTCQB:

DUVNF)

(the "Company") announces that the filing of its audited annual financial statements and its

related management's discussion and analysis for the fiscal year ended December 31, 2022

(collectively, the "

Annual Financial Statements

") has been delayed beyond the filing deadline of May

1, 2023.

The Company's late filing of the Annual Financial Statements is due to delays in the audit procedures of

its Peruvian subsidiaries and the Company's auditors and management are diligently working with the

Peruvian auditors in order to expedite the finalization of the Annual Financial Statements.

The Company currently expects to file the Annual Financial Statements on or before Friday, May 5, 2023,

and intends to provide updates on further developments in respect of this matter promptly.

More information about the Company can be found at

www.SEDAR.com

.

About Peruvian Metals Corp.

Peruvian Metals is a Canadian exploration and mineral processing company. The Company's 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 metal 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/164627