Cerro de Pasco Resources Inc. announced that it has been informed by its mining contractor that a fatality has occurred in underground preparation and development activities at the Santander Mine in Peru. On January 31, 2022 a fatal accident claimed the life of a miner, working for the Company's mine contractor in the South zone of the Magistral Mine. Upon knowledge of the tragic accident, all mining activities at Santander were suspended immediately and authorities notified.

Senior operations management are onsite and are working with both Government authorities and the contractor to thoroughly investigate the accident.