Peruvian Metals Corp. Closes Acquisition of 50% Interest IN San Maurizo Mines Inc.

PERUVIAN METALS CORP. CLOSES ACQUISITION OF 50% INTEREST IN SAN MAURIZO MINES INC.

(Edmonton, Alberta – April 1 1th, 2024) Peruvian Metals Corp . (TSXV: PER / US: DUVNF) (“Peruvian Metals”),

further to its press release of February 28, 2024 (the “Prior Press Release”), is pleased to announce the closing of

its acquisition of a 50% interest in San Maurizo Mines Inc. ("San Maurizo"), a private Manitoba-based company (the

“Transaction”). Pursuant to the Transaction, Peruvian Metals has issued 2,500,000 common shares to the vendor

in order to acquire the interest in San Maurizo following receipt of TSX Venture Exchange approval . This strategic

collaboration paves the way for both entities to collectively develop the promising Mercedes gold-silver-lead-zinc-

copper mineral property, situated in central Peru. Please see the Prior Press Release for more information.

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 sulphide 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” , and the OTCQB Venture Market: Symbol “DUVNF”.

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 a ssumptions,

estimates, opinions, and analysis made by management in light of its experience, current conditions and its

expectations o f 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 material ly 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.sedarplus.ca.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.