Andean Precious Metals Corporation confirmed the launch of a life-of-mine expansion study (the "Expansion Study") at the Company's flagship San Bartolomé Mine in Bolivia. The Company expects to release results from the Expansion Study in three parts: Updated Mineral Resource Statement (the "MRE"): A new MRE incorporating silver and tin contained in the Company's stockpiles at the fines disposal facility (the "FDF") will be prepared by SRK Consulting (U.S.) inc. with Matthew Hastings acting as Qualified Person. The new MRE is expected to be released in January of 2022. Scoping Study (the "Scoping Study"): An internal Scoping Study evaluating process options for both silver and tin contained in stockpiles at San Bartolomé. The Company will consider several potential processing solutions, including, but not limited to; i) the construction of a new gravit circuit at the existing San Bartolomé plant to recover tin, and ii) a stand-alone, tin processing plant separate from the existing San Bartolomé infrastructure. The Scoping Study will be prepared by industry leading consultants including Tin specialist Ron Goodman, and is expected to be released in First Quarter of 2022. Tailings Evaluation: Andean has commenced drilling of its dry-stack tailings facility (the "DSF") to evaluate quantities and grades of tin. The DSF contains approximately 18 million tonnes of dry tailings from which silver - but not tin - have been recovered. Material in the DSF will not be included in the updated MRE. The company expects to begin releasing drill results and data from the DSF in First Quarter of 2022.