Inaugural Drill Program At The Santa Beatriz Iron Oxide Copper Gold Mine

EDMONTON – Altiplano Metals Inc. reported on its inaugural drill program at the historic Santa Beatriz Iron Oxide Copper Gold (IOCG) mine, located approximately 45 km south of La Serena, Chile, and just 30 km from the Company’s El Peñón processing facility. A total of 655.6 metres was drilled across four diamond drill holes (25SB-001 to 25SB-004). Drilling confirms vein continuity over 100 metres along strike and approximately 40 metres down dip below the lowest mined level (Level 414). Weighted average grade across all holes: 1.33% Cu, 0.20 g/t Au, and 29.00% Fe over 2.14 m apparent vein width.

Best interval (Hole 25SB-004): 1) 2.89 m grading 2.37% Cu, 0.30 g/t Au, and 36.12% Fe. 2) Including 1.5 m grading 4.11% Cu, 0.53 g/t Au, and 35.11% Fe. 3) With a high-grade sample of 15.29% Cu, 1.91 g/t Au, and 44.3% Fe over 35 cm (Sample 648082).

Anomalous molybdenum (up to 0.04% Mo), potassic alteration, and magnetite veining suggest potential for porphyry-style mineralization at depth.

President and Chief Executive Officer, said, “The drill results confirm the continuity of the Santa Beatriz vein system along strike and at depth. We are also encouraged to see increasing grade in deeper sections, similar to our observations at Farellon. The positive results support our plan to advance mine development into deeper levels providing opportunity to supply material to the El Peñón mill. We are also encouraged by the geological information from the core and samples, that indicate a broader exploration potential within the property and the district.”