Peruvian Metals Corp. provided an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru. During the third quarter of 2023, the Plant processed 7,789 tonnes compared to 6,871 tonnes processed in the same quarter in 2022 resulting in an increase of 13%.

The cumulative total for 2023 is 21,556 tonnes. The 2023 year-to-date production represents a very slight decrease of less than 1% compared to the same period for 2022. Production during the months of April and May was lower compared to the previous months due to poor weather conditions in Northern Peru.

The Company expects a strong fourth quarter for 2023 with year end results comparable to 29,667 tonnes and 28,654 tonnes for 2022 and 2021 promptly. The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level.