Golden Queen Mine Campaign Confirms Exploration Potential

TORONTO - Andean Precious Metals Corp. reported on year-end 2024 exploration activities and exploration plans for 2025 for its Golden Queen mine located in Kern County, California. The Company's focus remains on extending mine life by expanding the current mining zones on the south side of the current pit design.

Alberto Morales, Executive Chairman and CEO, said, "I am pleased with the 2024 exploration campaign confirming our initial view on the exploration potential at Golden Queen. The exploration team is delivering on the objective of increasing Golden Queen's mine life by expanding methodically the current mining areas in the south-east trend. The close to surface Hilltop area provides mining flexibility by adding one more mining area with anticipated first ore in the third quarter of 2025. I am particularly pleased with these first results at the Alphason confirming the geo-structural model and the exploration strategy."

The Company’s 2025 exploration program is focused on extending the mine life through continued resource growth. The Company has allocated an initial budget of $2.8 million, which includes approximately 4,267 metres of core drilling targeting the Silver Queen Southeast Extension, including the Hilltop area, as well as ongoing testing of the Alphason target.