EDMONTON, - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“Altiplano” or the “Company”) is pleased to report on the activity at Santa Beatriz. The historic Copper-Gold-Iron (Cu-Au-Fe) mine, currently under option to purchase, is located approximately 45 kms south of La Serena, Chile and 13 km south of the Company’s operating copper-gold-iron processing plant.

Highlights:

• Roads have been upgraded providing accessibility for equipment and haulage trucks 
• The new camp is operational
  • Offices and storage containers in place 
  • A 20,000 litres water storage tank has been installed and filled for camp use and drilling
  • Kitchen facilities and an equipment maintenance area has been established
  • Generators are on site to provide electricity 
• Refurbishment of three underground openings (adits) have been completed 
• 400 m of pipes have been installed for water and support for underground mining and drilling operations.
• Dewatering of lower portions of the mine has started and expects to complete in three weeks. 
• This dewatered area of the mine will provide access to new areas for mapping, channel sampling and future mine planning.
• Previous channel samples underground at Santa Beatriz yielded results of up to 2.45 m at 3.65 %Cu; 0.29 g/t Au; and 26.97 %Fe which included a 1.08 m sample that yielded 8.08%Cu, 0.63g/t Au, and 39.49%Fe. (News Release May 27th, 2024)

President and CEO Alastair McIntyre comments: “We are very excited to establish the infrastructure and camp at Santa Beatriz and move forward with exploration and development. This iron oxide copper gold vein system, located in the prolific Tambios region which hosts several IOCG underground operations, has generated previous copper sales with excellent high grade gold results. We look forward to establishing a detailed channel sampling program in the coming weeks and complimented with a diamond drill program to assist in mine development.”

Figure 1. Santa Beatriz Mine and Camp

Santa Beatriz Adits 

Figure 4. Underground at the 55 m Mark of Santa Beatriz Tunnel

Altiplano has generated over C$21.5 million from the recovery and sale (after processing costs) of more than 6.75 million pounds of copper with an average grade of 1.8% Cu (January 2018-June 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 an operating copper/gold/iron mine and a state-of-the-art operating copper/gold and iron processing facility in the final stages of completion. 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 TSX.V under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.

John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.

ON BEHALF OF THE BOARD

/s/ "John Williamson"
Chairman

For further information, please contact:
Alastair McIntyre, CEO
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 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.