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PER.V ·

Peruvian Metals Corp Retains Independent Trading Group as Market Maker

Marketing Announcement

Peruvian Metals Corp Retains Independent

Trading Group as Market Maker

Edmonton, Alberta--(Newsfile Corp. - May 21, 2021) - Peruvian Metals Corp. (TSXV: PER) ("Peruvian

Metals" or the "Company") is pleased to announce that it has retained Independent Trading Group Inc.

(ITG) to provide market-making services in accordance with TSX Venture Exchange policies. ITG will

trade shares of the Company on the TSXV for the purposes of maintaining an orderly market and

improving the liquidity of the Company's shares.

ITG will not receive shares or options as compensation. However, ITG and its clients may have or may

acquire a direct interest in the securities of the Company. Peruvian Metals and ITG are unrelated and

unaffiliated entities. ITG is a member of the Investment Industry Regulatory Organization of Canada

(IIROC) and can access all Canadian stock exchanges and alternative trading systems. The capital and

securities required for any trade undertaken by ITG as principal will be provided by ITG.

The agreement is for an open-ended term of at least three months which may be terminated on 30-day

notice. ITG will be compensated $15,000 for the initial term and will be paid by the Company from its

working capital resources.

Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared,

supervised the preparation of this news release.

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/84863