EDMONTON, - November 28th, 2024 - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“Altiplano” or the “Company”) is pleased to provide an update on activities at the El Peñón copper-gold-iron processing facility located approximately 30 kms south of La Serena, Chile.

Highlights:

• As part of ongoing efficiency improvements, a new crusher was installed the week of November 18th This work was done to remove identified crushing bottlenecks and to increase the capacity of the overall system.
  • This new equipment will increase crushing output to meet full production requirements at 280/tonnes/day. Improvements in crushing efficiencies are designed to increase plant throughput and ultimately enhance concentrate production and recoveries.
  • The crusher is now fully operational and is performing to specifications.

• Stockpiles of copper-gold mineralized material at the plant represents approximately 900 tonnes
  • 2-4 trucks with 35 tonnes per truck continue with the delivery of material daily to the plant.

• Approximately 1,390 tonnes of 68% Magnetic iron concentrates are stored at the plant while the Company finalizes an offtake agreement specifically for the iron sales.

President and CEO Alastair McIntyre comments: “We are very pleased to see continued technical improvements at the plant with the installation of the new crusher thus, achieving further goals of improved efficiencies. The new crushing capacity will address the previous front end bottlenecks and return the focus to increasing the production of copper-gold concentrates.“

Figure 1. Cone Crusher Arrives on Site

Figure 2. Cone Crusher Installation

Altiplano has generated over C$22.2 million from the recovery and sale (after processing costs) of more than 6.95 million pounds of copper (January 2018-September 2024). Cash flow has been re-invested into equipment, underground drilling, expanding underground development, and the construction and completion of the El Peñón Cu-Au-Fe processing plant. This progress has enabled Altiplano to establish a significant foothold in the Chilean mining community.

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 developing 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 development, and pursuing acquisition opportunities to provide scalable upside opportunities. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value.

ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman

For further information, please contact:

Alastair McIntyre, President, CEO and Director
moc.slatemnpa@mriatsala
Tel: (416) 434-3799

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. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating any historical estimates as current mineral resources or mineral reserves. The Santa Beatriz mine was previously in production mid 2010’s with little known production records. This material was processed and sold locally to a private processing facility. Altiplano is relying upon limited past production records, underground sampling and related activities to further explore and potentially develop Santa Beatriz. This decision 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 any future potential production decision. 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.ca.