Peruvian Metals Corp. provided an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte processing plant (Aguila Norte or the Plant) located in Northern Peru. During the third quarter of 2022, the Plant processed 6,871 tonnes for an accumulative total for 2022 of 21,757 tonnes.

The 2022 year-to-date production represents an increase of 10% compared to the same period for 2021. Production during the month of September was lower compared to the previous months due to scheduled maintenance and replacing several key components of the mill. The Plant is now fully operational and processing material and production for the fourth quarter is expected to exceed previous quarters.

The Aguila Norte processing plant has an environmental permit ("GAC) from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level. Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation, or approved the scientific and technical disclosure contained in this news release.