Mr. Jeffrey Reeder reports

PERUVIAN METALS ANNOUNCES CHANGE IN FINANCIAL YEAR END

Peruvian Metals Corp. has changed its financial year-end to March 31 from its current year-end of Dec. 31. As a result, the corporation will file an additional interim report as at Dec. 31, 2023, and will report audited financial results for a 15-month transition year from Jan. 31, 2023, to March 31, 2024 (with a comparative of the 12 months ended Dec. 31, 2022). Afterward, the corporation will revert to a customary reporting calendar based on a March 31 year-end, with fiscal quarters ending on the last day of June, September, December and March each year.

The company believes this change of financial year-end will allow it to complete its audit requirements with greater efficiency, and will better align the corporation's financial reporting periods to that of its peer group in the mineral resources and development sector, which will allow investors to more easily compare quarterly and annual financial results.

The notice for the change in financial year-end required under National Instrument 51-102 -- Continuous Disclosure Obligations will be filed under the corporation's SEDAR+ profile.

About Peruvian Metals Corp.

Peruvian Metals is a Canadian exploration and mineral processing company. Its business model is to provide clients with toll milling services and produce high-grade marketable sulphide concentrates from mineral purchases. The Aguila Norte processing plant has an environmental permit (IGAC) from the Peruvian government which provides the company with the ability to expand operations past the current 100-tonne-per-day level. The company continues to acquire and develop precious and base metal properties in Peru.

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