Ms. Trish Moran reports

ANDEAN PRECIOUS METALS ANNOUNCES STOCK OPTION GRANT

Andean Precious Metals Corp.'s board of directors approved the grant of 200,000 stock options to its newest independent director, Michele Ashby, pursuant to Andean's omnibus long-term incentive plan, as approved by the company's shareholders on Sept. 8, 2022.

The stock options have an exercise price of $1.15 and shall vest on the date that is 12 months from Jan. 2, 2024. The stock options were granted effective Jan. 2, 2024, and expire five years from the effective date.

About Andean Precious Metals Corp.

Andean is a growing precious metals producer focused on expanding into 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.