Revenue Generator Model:  Over US$8.83 million in revenue generated from the recovery and sale of 4.14 million pounds of copper from Q1 2018 to Q1 2022. Cash flow is re-invested into new acquisitions, expanding existing operations, and funding exploration programs. Altiplano’s goal is to provide investors with exposure to cash flow while providing upside opportunities through scalable exploration projects.

Current and Near-term Revenue Generation: The Farellon Project located near La Serena, Chile is a 5,000 tonne per month IOCG-type deposit grading ~1.8% copper operating on numerous underground production levels accessed via a decline system*. Recent diamond drilling for grade-control and mining engineering confirmed the extension of mineralization along strike and at depth. Positive drill results and recent improvements to surface infrastructure, underground development, and ventilation upgrades, support further expansion to lower levels and new copper-gold zones.

Processing: The El Peñón processing facility is currently under construction 15 km from Farellon and will produce copper-gold and iron concentrates. The facility will improve processing and trucking costs while reducing Altiplano's environmental footprint through advanced dewatering and magnetic recovery systems. These processes produce dry tailings, reducing water consumption and overall tailings output by 75% and 40%, respectively. The magnetic separation system will produce a 62% iron concentrate, further increasing revenue.

Near-Term Producers: Altiplano acquires, develops, and expands existing operations, past-producing mines, and local infrastructure. The Maria Luisa gold-copper project has begun accessing several gold-copper zones through a decline system. Historical production at Maria Luisa generated saw grades of 6.85 g/t Au and 1.9% Cu from a northwest/southeast-trending vein system, and recent underground chip samples recovered from a separate north-south vein system returned gold concentrations of 8.73 g/t over 5.75 metres. The development is expected to begin extracting gold-copper material for sale in early Q2 2022.**

Exploration Projects: Altiplano focuses on scalable, high-quality district plays with discovery potential. The Pastillas project is located approximately 115km east of Copiapo, in the Atacama Region of northern Chile. Acquired in early 2021, Pastillas is an undrilled and underexplored 3,100-hectare land package with high upside and numerous world-class deposits in proximity. San Pedro is a high-quality ~16,000 ha scalable gold exploration project in Nicaragua currently waiting on final concession approval from the Nicaraguan government.

Growth: Several acquisition opportunities are under review with a short-term goal to have a portfolio of three cash-flowing assets and two quality exploration projects in the Company.

Altiplano Metals is part of the Metals Group of Companies, a dynamic group of resource sector professionals with a long track record of success in evaluating and advancing mining projects and growing shareholder value.

*The decision to re-commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with the production decision.
**Estimation of quantity and grade is conceptual in nature with insufficient work to define a mineral resource, and further exploration may or may not define a resource at Maria Luisa (M. Dufresne, NI 43-101 Technical Report, February 2017). In addition, a decision to commence underground exploration and development at the Maria Luisa site is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with this decision.


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