Ms. Trish Moran reports

ANDEAN PRECIOUS METALS ANNOUNCES RSU GRANTS

On Dec. 4, 2023, Andean Precious Metals Corp. granted restricted share units to certain employees and service providers of its recently acquired subsidiary Golden Queen Mining, pursuant to Andean's omnibus long-term incentive plan.

To retain critical personnel for the continuation of its purposes and objectives and to promote the business success of the company, Andean's board of directors approved the grant of an aggregate amount of 821,181 RSUs to the participants. The RSUs shall vest on the date that is 12 months from the grant date and shall be settled in shares of the company unless otherwise jointly agreed between the participant and the company.

About Andean Precious Metals Corp.

Andean is a growing precious metal producer focused on top-tier jurisdictions in the Americas. The company owns and operates the San Bartolome processing facility in Potosi, Bolivia, and the Soledad Mountain mine in Kern county, California, and is well financed to act on future growth opportunities. Andean's leadership team is committed to creating value, fostering safe, sustainable and responsible operations, and achieving its ambition to be a multiasset, mid-tier precious metal producer.