EDMONTON, - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“Altiplano” or the “Company”) is pleased to provide Q2 2025 revenue results and an update of activities at the Company copper-gold-iron processing facility located at El Peñón approximately 30 kms south of La Serena, Chile.

Highlights:

• July to September 2024 quarterly sales figures represented ~ C$978,000 (US$716,800)
  • First concentrate sales of 66.7 tonnes completed in July and September represented sales of ~C$168,800 (US$124,000).
• An additional 65 tonnes of copper concentrate have been filtered and available for sale.
  • Shipment and sale of this material is expected in the next week with an estimated value of approximately C$175,000.
• A new crusher has been purchased and will be installed the week of Nov 12^th
  • The new equipment will increase crushing capacity to meet full production requirements at 280/tonnes/day and improve on concentrate production.
• Ore stored at the plant represents approximately 750 tonnes
  • 2-4 trucks with 35 tonnes per truck are delivering material daily to the plant
• Jorge Suárez Thenoux has joined the company as Plant Manager. 
  • Jorge is a Metallurgical Civil Engineer with more than 20 years of experience in metallic processing operations with a focus on profitability of small-scale operations 
• Approximately 850 tonnes of 68% Magnetic iron concentrate are stored at the plant
  • The Company is currently negotiating an offtake agreement for the iron sales.

President and CEO Alastair McIntyre comments: “We are pleased to see a strong quarter and including concentrate sales as part of the regular quarterly reporting process. In addition, with improved operations we are seeing continued growth in saleable concentrate production. With the re-tooling of our crushing process, we can expect a further ramp up in concentrate production and sales. We are also very pleased to welcome Jorge to the team who has made an immediate impact and brings significant experience and talent to our management team.”

Figure 1. Quarterly Sales

*After Processing Costs

Figure 2. Ore Piles at the Plant, Crushed Material in the Bins and Final Concentrate

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.

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, 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.