Edmonton, Alberta–(Newsfile Corp. – December 30, 2020) –  Peruvian Metals Corp. (TSXV: PER) (“Peruvian Metals” or the “Company”) is pleased to announce that it has granted incentive stock options to various directors, officers, employees and consultants to purchase up to 1,500,000 common shares of the Company on or before December 29, 2022, at an exercise price of $0.05 per share, in accordance with its stock option plan and subject to regulatory approval. About Peruvian Metals Corp. Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing Company. Our business model is to provide toll milling services for clients and to produce high-grade concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal

Edmonton, Alberta–(Newsfile Corp. – December 2, 2020) – Peruvian Metals Corp. (TSXV: PER) (“Peruvian Metals” or the “Company”) is pleased to provide an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte Processing Plant (“Aguila Norte” or the “Plant”) located in Northern Peru. During the months of October and November, Peruvian Metals processed 4,692 metric tonnes (“mt”) of third party mineral. The Company pleased to note that the Plant has already exceeded 2019 total fourth quarter production of 4,496 mt. The company expects to continue processing during December will continue to accept mineral deliveries during the holidays. Jeffrey Reeder, CEO of Peruvian Metals, comments: “Since the successful restart of the Aguila

Edmonton, Alberta–(Newsfile Corp. – October 30, 2020) – Peruvian Metals Corp. (TSXV: PER) (“Peruvian Metals” or the “Company”) is pleased to announce that it has closed the third and final tranche of 1,300,000 units of its previously announced private placement offering (the “Offering”) of up to 5,000,000 units (the “Units”) at an offering price of $0.05 per Unit (see the Company’s press release dated August18, 2020), to raise gross proceeds under the three closings of $250,000. Each Unit consists of one (1) common share of the Company, and one (1) share purchase warrant (the “Warrants”) to acquire one additional common share at an exercise price of $0.10 per share until September 1, 2022. In the event that

Edmonton, Alberta–(Newsfile Corp. – October 19, 2020) – Peruvian Metals Corp. (TSXV: PER)(“Peruvian Metals” or the “Company”) is pleased to announce it has received approval from the TSX Venture Exchange to extend the closing of the non-brokered private placement (the “Financing”) as announced on August 18, 2020, until October 31, 2020. All terms pursuant to the Financing remain unchanged. About Peruvian Metals Corporation Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high-grade concentrates from mineral purchases. The company continues to acquire and develop precious and base metal properties in Peru. For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.

Edmonton, Alberta–(Newsfile Corp. – October 15, 2020) – Peruvian Metals Corp. (TSXV: PER) (“Peruvian Metals” or the “Company”) is pleased to announce that the Company has assembled a number of contiguous prospective mineral concessions hosting the potential for a high grade silver-gold resource in Northern Peru called “Cerro La Cumbre” (“The Property”). Historic underground development on this new property exposed a high grade silver-gold vein returning values up to 1,535 g/t Ag and 5.13 g/t Au. The Property is located about 3 hours by truck or approximately 90 kilometres by a combination of highway and dirt road from Peruvian Metals’ 80% owned Aguila Norte Processing Plant (the “Plant”). The Property is located within the Tertiary

Edmonton, Alberta–(Newsfile Corp. – October 6, 2020) – Peruvian Metals Corp. (TSXV: PER) (“Peruvian Metals” or the “Company”) is pleased to announce that it has entered into agreements with a group of Peruvian private investors to purchase the Mansa Musa Gold-Silver property (the “Property”). The investors are supported byGEXEG S.A.C (“GEXEG”), a private mining consulting company based in Lima. The Property is located in the Department of Huancavelica, 300 kilometres southeast of Lima and consists of five concessions totaling 3600 hectares where previous operators have spent in excess of US$5 million on exploration on the main concessions. Payments to the Company totaling US$940,000 will be made over seven years with up to 3% NSR payable

Toronto, Ontario–(Newsfile Corp. – October 2, 2020) – Peruvian Metals Corp. (TSXV: PER) (“Peruvian Metals” or the “Company”) is pleased to provide an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte Processing Plant (“Aguila Norte” or the “Plant”) located in Northern Peru. During the third quarter of 2020, Peruvian Metals processed 4,240 metric tonnes (“mt”) and as of September 30th stockpiled a further 699 mt at Aguila Norte.The Company is very pleased to have exceeded production levels compared to Q3 2019 production of 4,187 mt. Despite being shut down for almost five months due to COVID restrictions, mineral processing at the Plant started July 28th after establishing all health protocols required by the

Edmonton, Alberta–(Newsfile Corp. – September 1, 2020) – Peruvian Metals Corp. (TSXV: PER) (“Peruvian Metals” or the “Company”) is pleased to provide an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte Processing Plant (“Aguila Norte” or the “Plant”) located in Northern Peru. The Company successfully restarted mineral processing during late July following a four-month shutdown due to COVID-19. The Company has established proper health protocols ensuring safety for all employees and contractors at the site. The Company processed 559 tonnes during July and 1,807 tonnes in August for a total of 2,366 tonnes. During the month of August 2019, Peruvian Metals processed 1,795 tonnes showing a slight increase from the

Edmonton, Alberta–(Newsfile Corp. – September 1, 2020) – Peruvian Metals Corp. (TSXV: PER) (“Peruvian Metals” or the “Company”) is pleased to announce that it has closed the first tranche of 2,100,000 units of its previously announced private placement offering (the “Offering”) of up to 5,000,000 units (the “Units”) at an offering price of $0.05 per Unit (see the Company’s press release dated August 18, 2020), to raise gross proceeds of $105,000. Each Unit consists of one (1) common share of the Company, and one (1) share purchase warrant (the “Warrants”) to acquire one additional common share at an exercise price of $0.10 per share until September 1, 2022. In the event that the common shares of the

Edmonton, Alberta–(Newsfile Corp. – August 18, 2020) –  Peruvian Metals Corp. (TSXV: PER) (“Peruvian Metals” or the “Company“) is also pleased to announce that it has arranged a non-brokered private placement for gross proceeds of up to $250,000 which will be used to advance its exploration strategy and for general working capital. The non-brokered private placement consists of 5,000,000 units at a price of $0.05 per unit, each unit being comprised of one common share and one non-transferable share purchase warrant. The common shares, warrants and any shares issued on the exercise of warrants will be subject to a four-month hold period expiring four months following the date of issue. Each warrant will entitle the holder to