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PER.V ·

Peruvian Metals Corp Announces Results of Annual General Meeting of Shareholders

Shareholder Meetings

Peruvian Metals Corp Announces Results of

Annual General Meeting of Shareholders

Edmonton, Alberta--(Newsfile Corp. - August 29, 2023) -

Peruvian Metals Corp. (TSXV: PER)

(OTCQB: DUVNF)

("Peruvian Metals" or the "Company") is pleased to provide an update on the recent

Annual General Meeting of Shareholders ("AGM") held on August 23

rd

.

At the annual general meeting of shareholders, 67,712,353 shares were voted representing 67.89% of

the outstanding shares of the company. All resolutions received majority shareholder approval for the

following:

Re-elected the incumbent five directors for the ensuing year (see an attached table).

Nominee

Votes For

Votes Against

% of Votes For

% of Votes Against

Steve Brunelle

67,307,641

404,712

99.40

0.60

Oscar Pezo

67,548,641

163,712

99.76

0.20

John P. Thompson

67,307,641

404,712

99.40

0.60

Jeffey Reeder

67,548,641

163,712

99.76

0.24

Daniel Hamilton

67,307,641

404,712

99.40

0.60

To appoint Zeifmans LLP, Chartered Accountants, as auditors for the ensuing year.

Motion

Votes For

Votes Abstain

% of Votes For

% of Votes Abstain

Appointment of Auditors

67,550,069

162,284

99.76

0.24

To ratify, confirm and approve the company's updated 10-per-cent rolling stock option plan, as required

under amended TSV Venture Exchange Policy 4.4.

Motion

Votes For

Votes Against

% of Votes For

% of Votes Against

Rolling Stock Option Plan

67,537,000

174,853

99.74

0.26

Details of the matters approved at the meeting are set out in the company's information circular dated

August 4th, 2023, and available under the company's profile on SEDAR.

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/178870