Option Extended At Santa Beatriz Cu-Au-Fe Mine

EDMONTON - Altiplano Metals Inc. reported that the option agreement to acquire the Santa Beatriz copper-gold-iron (Cu-Au-Fe) mine has been extended for one year. Santa Beatriz is located approximately 45 kilometers south of La Serena, Chile, and 13 kilometers south of the El Peñón processing plant.

President and CEO Alastair McIntyre, said, "We are very pleased with the technical progress and results at Santa Beatriz. Extension of the option provides us the opportunity to continue our exploration and development to support further underground work. Given the similarities to the Farellon mine and our positive technical results, we are encouraged that Santa Beatriz will reveal the potential to provide high grade low-cost material for our mill, generating positive returns for the Company."

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