Ms. Trish Moran reports

ANDEAN PRECIOUS METALS RENEWS NORMAL COURSE ISSUER BID

The TSX Venture Exchange has accepted notice of Andean Precious Metals Corp.'s intention to make a normal course issuer bid (NCIB) for certain of its common shares. Pursuant to the NCIB, the company intends to purchase up to 7,833,291 of its outstanding shares, representing up to 5 per cent of the 156,665,833 issued and outstanding shares as at Dec. 4, 2023. All amounts are in United States dollars unless otherwise stated.

The company first initiated its NCIB on Oct. 4, 2022. Since the inception of the NCIB in the fall of 2022, a total of 3,160,100 shares at an average purchase price of 79 Canadian cents have been repurchased and cancelled for a total of $1.9-million ($2.5-million (Canadian)).

Purchases pursuant to the NCIB will be made on the open market through the facilities of the TSX-V. The NCIB may commence on Dec. 21, 2023, until Dec. 20, 2024, or such earlier time as the NCIB is completed or at the option of the company. All shares purchased pursuant to the NCIB will be returned to treasury and cancelled.

All shares purchased by the company under the NCIB will be purchased at the market price, plus brokerage fees, at the time of acquisition in accordance with the rules and policies of the TSX-V and applicable securities laws. All purchases to be made under the NCIB will be preapproved and authorized by the board or by a committee that may be authorized by the board to do so. No purchases will be made other than by means of open market transactions during the term of the NCIB. Although the company's intention is to acquire its shares pursuant to the NCIB, it is not obligated to make any purchases and purchases may be suspended by the company at any time.

The company is undertaking the NCIB because, in the opinion of its board of directors, from time to time the market price of its shares may not fully reflect the underlying value of the company's business, and that repurchase of its shares at current market prices would be an appropriate use of corporate funds.

The company has engaged Desjardins Securities Inc. to act as the broker to facilitate the purchase of shares under the NCIB.

To the knowledge of the company, no director, senior officer or other insider of the company currently intends to sell any shares under the NCIB.

About Andean Precious Metals Corp.

Andean is a growing precious metals 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 metals producer.

We seek Safe Harbor.