EDMONTON, Jan 7th, 2025- Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“Altiplano” or the “Company”) is pleased to announce that has installed a new scale weighing system at the El Peñón processing facility and sold an additional 56 tonnes of copper-gold concentrate in December. The El Peñón processing facility is located approximately 45 kilometers south of La Serena, Chile. 

President and CEO Alastair McIntyre comments:

“We are pleased to continue with technical improvements at the processing plant with the installation of a new scale. The system will improve on our reporting and sales processes to ensure accuracy for material delivered to and shipped from the facility. We are also pleased to see additional concentrate sales from the plant thus enhancing our income for year end.”

Key Highlights:

Installation of Scales:

• A 20-meter-long, 60-tonne reinforced weigh bridge has been installed on site.
  • This efficient solar powered system is specifically designed for heavy-duty trucking applications.
  • The new scale will enhance accuracy on Cu-Au mineralized material sent to the plant and improves on the sales process for the final concentrate shipments.

Concentrate Sales:

• 56 tonnes of concentrate were sold to Ocean Partners (Chile) Spa on December 23^rd.
  • Preliminary sales of 90% totaled C$140,000 (US$100,000) based on a provisional grade of 24% copper and 1.4 grams gold.
  • Each dry metric tonne of concentrate has a preliminary value of US$2,079.
  • Final pricing will be based on copper price of the January LME average and settled in early February.

Iron Concentrate

• 850 tonnes of Iron concentrate was produced in December
  • Iron grade is estimated at 68% Fe
  • A total of 2,500 tonnes are store on site with first sales expected in January.

Figure 1. Construction and Operation of Scales

Altiplano has generated over C$22.5 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 at Farellon, enhancing ventilation to increase productivity and capacity, new underground development and exploration, and the start-up of the El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.

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/ "Alastair McIntyre"
President, CEO and Director

For further information, please contact:
Alastair McIntyre, President, CEO and Director
moc.slatemnpa@mriatsala
Tel: (416) 434 3799

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 information or 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. The decision to develop the project and extract material for potential processing 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.