Mr. John Williamson reports

ALTIPLANO MAKES APPLICATION FOR MANAGEMENT CEASE TRADE ORDER AS PART OF THE 2026 AUDIT FILING PROCESS

Altiplano Metals Inc. anticipates a delay in filing its annual financial statements for the year ended March 31, 2026, the management's discussion and analysis, and the related chief executive officer and chief financial officer certifications, which are due on July 29, 2026, as required under Part 4 of National Instrument 51-102, Continuous Disclosure Obligations. Accordingly, the company has applied for a management cease trade order (MCTO) under National Policy 12-203, Management Cease Trade Orders, to provide additional time to complete the required filings.

The delay is primarily attributable to the company's current financial position, which has impacted the timing of payment of the outstanding audit fees required to complete the audit. Management has agreed to loan the company the funds necessary to satisfy the outstanding audit fees, and the company expects that payment of such fees will enable the audit to be completed and the required filings to be made as soon as practicable.

The company remains committed to completing the audit and making the required filings as expeditiously as possible and, in any event, no later than Sept. 28, 2026. The company expects to file its interim first quarter financial statements within one week thereafter.

In connection with the anticipated delays in making the required filings within the time periods mandated by the instrument, the company has made an application under National Policy 12-203, Management Cease Trade Orders, to the Alberta Securities Commission, as principal regulator for the company, requesting that an MCTO be issued. If granted, the MCTO will restrict all trading by the company's CEO and CFO in securities of the company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the company to trade their securities. The MCTO will remain in effect until it is revoked or varied.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing biweekly default status reports in the form of a news release until it meets the required filings requirement. The company has not taken any steps toward any insolvency proceeding and the company has no material information relating to its affairs that has not been generally disclosed.

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 exploration properties, a developing copper/gold/iron mine and a state-of-the-art operating copper/gold and iron processing facility. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration and development, and pursuing acquisition opportunities to provide scalable upside opportunities. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value.

We seek Safe Harbor.