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PER.V ·

Peruvian Metals Production Update for the First Half of 2026 at Aguila Norte Processing Plant

Production Results Mine Development & Operations Metallurgy & Processing

Peruvian Metals Production Update for the

First Half of 2026 at Aguila Norte Processing

Plant

Edmonton, Alberta--(Newsfile Corp. - July 9, 2026) -

Peruvian Metals Corp. (TSXV: PER) (OTC Pink:

DUVNF)

("Peruvian Metals" or the "Company") is pleased to provide an update regarding the mineral

processing at its 80-per-cent-owned fully permitted Aguila Norte processing plant ("Aguila Norte" or the

"Plant") located in Northern Peru.

During the first six months of 2026 the Plant was at full capacity and processed 18,269 tonnes of third-

party mineral, compared with 18,500 tonnes in 2025 and 14,869 tonnes in 2024. The 2026 year-to-date

production show a slight decrease compared to the same period for 2025. The decrease in production

was due to planned maintenance and the overhaul of the ball mill on site. The Company anticipates the

Plant will be at full capacity for the remainder of 2026 and expects to report a record year of production.

Jeffrey Reeder, Chief Executive Officer of Peruvian Metals, commented: "We are pleased that we are on

track for another record processing year in 2026 at Aguila Norte. The Company completed the

maintenance program on time and budget. The Plant has processed almost 210,000 tonnes since 2018

and we are very pleased with the durability of the Plant's equipment. The Company continues to be in a

unique position compared to many in the junior mining space as we continue to strengthen the

Company's financial position and advance our mineral assets with minimal share dilution. The Company

is currently developing its wholly owned Palta Dorada Au-Ag Property and its 50%-owned Mercedes

Property, and is reviewing additional gold properties held by the Company. Updates on these properties

will be provided to shareholders in due course "

The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government

which provides the Plant with the ability to expand operations past the current 100 tonnes per day level.

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

supervised the preparation, or approved the scientific and technical disclosure contained in 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", 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 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/304413