Mr. John Williamson reports

ALTIPLANO CLOSES PRIVATE PLACEMENT

Altiplano Metals Inc. has closed its previously announced non-brokered private placement for gross proceeds of $600,000. The offering consisted of six million units at 10 cents per unit. Each unit consists of one common share and one non-transferable share purchase warrant of the company.

Each warrant entitles the holder to acquire one additional common share at a price of 12 cents per share for two years from the closing date of the offering provided that if the closing market price for the company's common shares is equal to or greater than 20 cents per share for a period of five consecutive trading days at any point during the term, then the company may deliver a notice that the warrants must be exercised within 30 days from the date of delivery of such notice, otherwise the warrants will expire at 4:30 p.m. (Vancouver time) on the 31st day after the date of delivery of the notice.

Altiplano has paid finders' fees of $26,280 in cash and 252,000 finders' warrants, issued on the same terms as the warrants in the offering, and all such finders' fees were paid in accordance with the policies of the TSX Venture Exchange. All of the securities issued pursuant to this offering will have a hold period expiring four months and a day after the closing date. The net proceeds of the offering will be used primarily for the company's Farallon project and El Penon processing facility in Chile, and for general working capital purposes.

Options

The company has also granted incentive stock options to various directors, officers and consultants to purchase up to 3.9 million common shares of the company on or before Jan. 5, 2029, at an exercise price of 10 cents per share.

About Altiplano Metals Inc.

Altiplano Metals is a growing gold, silver and copper company focused on the Americas. The company has a diversified portfolio of assets that include an operating copper/gold/iron mine and a state-of-the-art operating copper/gold and iron processing facility in the final stages of completion. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the TSX Venture Exchange under the symbol APN and the Frankfurt exchange under the symbol A2JNFG.

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