Edmonton, Alberta, August 30, 2024 – Altiplano Metals Inc. (TSXV: APN) (“Altiplano” or the “Company”) has arranged debt financing by way of an interest bearing loan (the “Loan”) from a company controlled by insiders of the Company (the “Lender”) in the amount of $450,000 Canadian dollars. 

Under the terms of the debt financing, the Loan will bear interest at 12% per annum and will be repayable by the Company commencing twelve months after the date of advance (the “Maturity Date”). On August 1, 2025, the Company expects to pay to the Lender only the accrued interest on the Loan, and then will repay the Loan in 12 equal monthly blended instalments of principal and interest on the first business day of each month thereafter from cash flow generated from the Company’s operations, conditional of course upon a positive cashflow.

As compensation to the Lenders for the risk of repayment of the Loan, Altiplano will issue bonus common shares equal to 20% of the principal amount loaned by the Lender divided by an issue price of $0.085 per share, or up to a maximum of 1,058,823 common shares. The proceeds of the debt financing will be used to pay off a current loan to the Company from an arms-length creditor of $299,160 USD ($408,922 CAD), with the remaining funds to be applied towards the Company’s year-end audit fees.

About Altiplano
Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include a copper/gold/iron mine and a state-of-the-art operating copper/gold and iron processing facility. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG. Additional information concerning Altiplano can be found on its website at www.apnmetals.com.

ON BEHALF OF THE BOARD
/s/ "Alastair McIntyre"
President and CEO

For further information, please contact:
Jeremy Yaseniuk, Director
moc.slatemnpa@yymerej
Tel: (604) 773-1467

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. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.com.