Peruvian Metals Provides Second Bi-Weekly Mcto Status Update
PRESS RELEASE
PERUVIAN METALS CORP.
August 19, 2024
FOR IMMEDIATE RELEASE
PERUVIAN METALS PROVIDES SECOND BI-WEEKLY MCTO STATUS UPDATE
(Edmonton, Alberta – August 19, 2024) Peruvian Metals Corp. (TSXV: PER / US: DUVNF) (“Peruvian Metals” or
the “Company”), a Canadian exploration and mineral processing company with operations in Peru, is providing
the second bi-weekly default status report in accordance with National Policy 12-203 – Management Cease Trade
Orders (“NP 12-203”).
On July 22, 2024, the Company announced that it applied for a management cease trade order (“ MCTO”) with
the Alberta Securities Commission (“ASC”) in connection with the delay in filing of its audited annual financial
statements for the year ended March 31, 2024, related management discussion and analysis and CEO and CFO
certificates (collectively, the “ Required Documents ”) by the prescribed filing deadline (the “ Original
Announcement”). At that time, based on information then-available, the Company expected to file the Required
Documents by August 16, 2024. The MCTO was issued on July 30, 2024 and restricts its Chief Executive Officer
and Chief Financial Officer from trading in securities of the Company, whether direct or indirect, until two full
business days following the receipt by the A SC of all filings the Company is required to make under Alberta
securities law (including the Required Documents). The MCTO does not affect the ability of other shareholders,
including the public, to trade in securities of the Company. On August 7, 2024, in its first bi-weekly status update,
the Company announced that it expected to file the Required Documents by August 30, 2024.
As of today’s date, the Company continues to expect that the Required Documents will be filed by August 30,
2024.
The Company confirms that since the date of the Original Announcement: (i) other than as described above and
in its first bi-weekly status update, there has been no material change to the information set out in the Original
Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling
its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in
NP 12-203; (iii) there has not been any other specified default by the Company under NP 12 -203; and (iv) there
is no other material information concerning the affairs of the Company that has not been generally disclosed.
The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out
in NP 12-203 so long as it remains in default of the requirement to file the Required Documents.
2
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 about 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.
Forward-Looking Information:
Certain statements made in this press release may constitute “forward-looking information”, “future oriented
financial information” or “financial outlooks” (collectively, “forward-looking information”) within the meaning
of applicable securities laws. The forward-looking information are often, but not always, identified using words
such as “seek”, “anticipate”, “plan”, “estimate”, “expect”, “intend” and statements that an event or result
“may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking
information involves known and unknown risks, uncertainties and other factors that may cause actual results
to differ materially from those expressed or implied in the forward -looking information, readers should not
place undue reliance on such information. The risks and uncertainties include, but are not limited to, the
anticipating timing of filing the Required Filings. Forward-looking information is current as of the date it is made
and is based on reasonable estimates and assumptions made by us at the relevant time in light of our
experience and perception of historical trends, current conditions and expected future d evelopments, as well
as other factors that we believe are appropriate and reasonable in the circumstances.
To the extent any forward -looking information in this press release constitutes “future oriented financial
information” or “financial outlooks”, within the meaning of applicable securities laws, the purpose of such
information being provided is to demonstrate the potential of the Company and readers are cautioned that this
information may not be appropriate for any other purpose. However, we do not undertake to update any such
forward-looking information whether as a result of new information, future events or otherwise, except as
required under applicable securities laws in Canada.
There can be no assurance that such estimates and assumptions will prove to be correct. Many factors could
cause our actual results, level of activity, performance or achievements or future events or developments to
differ materially from those expressed or implied by the forward-looking information, including but not limited
to the factors described in the public documents of the Company available under its profile on SEDARPLUS at
www.SEDARPLUS.ca. The Company cautions that these factors are not intended to represent a complete list of
the factors that could affect the Company; however, these factors should be considered carefully. Readers are
urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward -looking
information and are cautioned not to place undue reliance on such information.