Andean Precious Metals Announces Stock Option Grant

Toronto, Ontario--(Newsfile Corp. - February 9, 2024) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) ("Andean" or the "Company") announced today that its 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 September 8, 2022.

The stock options have an exercise price of C$1.15 and shall vest on the date that is twelve months from January 2, 2024. The stock options were granted effective January 2, 2024 and expire 5 years from the effective date.

About Andean Precious Metals

Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolomé processing facility in Potosí, Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded 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 multi-asset, mid-tier precious metals producer.

For more information, please contact:

Trish Moran
VP Investor Relations
tmoran@andeanpm.com
T: +1 416 564 4290

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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