I am excited to join the Andean Precious Metals Board and looking forward to the journey. This Board appointment is the 104th for ACE Candidates.

For Release: ACE LLC Announces the Board Appointment of ACE Graduate, Michele Ashby, CDI.D to the Andean Precious Metals Board

TORONTO, Ontario, December 2023 – Andean Precious Metals Corp. (TSX-V: APM, OTCQX: ANPMF) (“Andean” or the “Company”) announces the appointment of Michele Ashby as an independent director effective January 2, 2024. With the appointment of Ms. Ashby, six of the seven directors serving on Andean’s board of directors are independent.

Ms. Ashby is currently the CEO & Founder of ACE LLC, a company that educates and trains women to attain corporate board positions. She also established the Denver Gold Group, a globally recognized international trade association, serving on its board for 17 years, including tenure as Founder and CEO. Subsequently, she founded and was CEO of MINE LLC (Meetings International Natural Resources Enterprise) from 2005 to 2013, encouraging collaborations between resource/energy enterprises and prominent investors across the US, Europe, UK and Canada. In 2022, Ms. Ashby was recognized as one of the top 100 Inspirational Women in Mining by Women in Mining UK.

Ms. Ashby excels in capital markets, governance and marketing, and currently serves as an independent director for Treasury Metals, Inc. and the National Mining Hall of Fame & Museum. She was formerly a director for publicly listed companies including, McEwen Mining Inc., Lithium X Energy Corp., Lucky Strike Resources, Inc., Lake Victoria Mining Company, Inc., Green Energy Corporation and Menē Inc. Her board responsibilities have included chairing and participating in Audit and Compensation committees, and serving on Nominating and Governance, Health, Safety & Environmental, and Special Committees.

“Ms. Ashby brings a deep understanding of capital markets, finance and mining, leveraging over three decades of global mining experience and 25 years of board experience,” stated Alberto Morales, Andean’s Executive Chairman and CEO. “Her career is distinguished by innovative initiatives and influential leadership. We are delighted to welcome her to Andean’s board of directors.”

About Andean Precious Metals Corp.

Andean is a growing precious metals producer focused on 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 our 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

Anna Speyer, NATIONAL Capital Markets

aspeyer@national.ca

T: +1 416 848 1376

About Michele:

Michele Ashby is an accomplished executive and engaged independent director,

commanding an impressive portfolio of directorial roles, independent director of now seven corporate boards since 2005, drawing from a wellspring of 30+ years' global experience in the mining and finance sectors. Mining analyst and Board Member expertise spans an array of minerals - gold, silver, copper, lithium, critical minerals, and rare earths, further enriched by involvement in green energy projects important for current shifts to EV products.

International footprint on mining boards with projects spanning Mexico, Argentina, the US, and Canada, and a diverse business portfolio reaching out to Africa, Russia's oil and gas sector, United Arab Emirates, UK, and Switzerland.

Founder and CEO of globally recognized Denver Gold Group, an international trade association for 17 years, then MINE LLC, bringing capital to resource projects globally. Currently steering ACE LLC, a platform dedicated to placing qualified women on corporate boards with 70% success rate. Recognized as one of the top 100 women in mining globally and one of the top 25 most powerful women in business in Colorado.

Congratulations Andean Precious Metals Corp. for electing Michele Ashby to your board. We know she will bring value and serve the board, company and stakeholders well.

Michele has her board certification from Corporate Directors International LLC, USA. Her designation, CDI.D, recognizes her as a qualified corporate board candidate for a public or private board.