Edmonton, Alberta–(Newsfile Corp. – November 28, 2022) – Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) (the “Company”) announces that the Company intends to amend the terms of 2,334,000 outstanding warrants of the Company (the “Warrants”) that are set to expire December 15,2022. The Company has made an application to the TSX Venture Exchange (the “TSXV”) to extend the expiry date for all of the Warrants to March 31, 2023. All other terms of the Warrants will remain the same. 5,000,000 warrants were originally issued on September 9, October 6, and October 31 as part of the units issued under a private placement completed by the Company over three tranches in September and October 2020. Since

Edmonton, Alberta–(Newsfile Corp. – September 12, 2022) – Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) (“Peruvian Metals” or the “Company”) is pleased to provide a financial and production update from mineral processing at its 80% owned Aguila Norte Processing Plant (“Aguila Norte” or the “Plant”) located in Northern Peru. During the first half of 2022, the Company reported record revenue and a positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $281,737. Mineral processing revenue increased 32.4 % during the first six months of the year and current liabilities (not including reclaiming costs) decreased 27.6% from the same period in 2021. During the first eight months of 2022, the Plant processed a record

Edmonton, Alberta–(August 22, 2022) – Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) (the “Company”) announces that the Company intends to amend the terms of 2,334,000 outstanding warrants of the Company (the “Warrants”) that are set to expire September 9, October 6, and October 31, 2022. The Company has made an application to the TSX Venture Exchange (the “TSXV”) to extend the expiry date for all of the Warrants to December 15, 2022. All other terms of the Warrants will remain the same. 5,000,000 warrants were originally issued on September 9, October 6, and October 31 as part of the units issued under a private placement completed by the Company over three tranches in September and

Edmonton, Alberta–(Newsfile Corp. – May 9, 2022) – Peruvian Metals Corp. (TSXV: PER) (OTC Pink: DUVNF) (the “Company”) announces that, further to its news release dated May 3, 2022, that the Company has filed its audited annual financial statements for the fiscal year ended December 31, 2021 and the related management discussion and analysis and certifications (collectively, the “Annual Filings“). More information about the Company can be found at www.SEDAR.com. About Peruvian Metals Corp. Peruvian Metals is a Canadian exploration and mineral processing company. The Company’s 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 metal and base

Edmonton, Alberta–(Newsfile Corp. – May 3, 2022) – Peruvian Metals Corp. (TSXV: PER) (OTC Pink: DUVNF) (the “Company”) announces that the filing of its audited annual financial statements and its related management’s discussion and analysis for the fiscal year ended December 31, 2021 (collectively, the “Annual Financial Statements“) has been delayed beyond the filing deadline of May 2, 2022. The Company’s late filing of the Annual Financial Statements is due to delays in the audit procedures and the Company’s auditors and management are diligently working through the various issues in order to expedite the finalization of the Annual Financial Statements. The Company currently expects to file the Annual Financial Statements on or before Friday, May

(Toronto, Ontario – April 21st, 2022) Peruvian Metals Corp. (TSXV: PER / US: DUVNF) (“Peruvian Metals” or the (“Company”) is pleased to announce that the Company has completed the sale of the Panteria Cu-Au Porphyry Project which includes the Renaldo Au-Ag Zone (“The Property”) to Gold State Resources (TSXV: GOST) (“Gold State”). The total consideration for The Property $200,000 US cash and 9,275,000 shares paid in two equal installments. In addition to the cash and shares, a 1% NSR will be granted to Peruvian Metals and additional bonus payments totaling $1.5 million CDN will be paid in cash or shares if certain milestones are met. Transactions Details An initial payment of $10,000 CDN was received

Toronto, Ontario–(Newsfile Corp. – April 21, 2022) – Peruvian Metals Corp. (TSXV: PER) (OTC PINK: DUVNF) (“Peruvian Metals” or the (“Company”) is pleased to announce that the Company has completed the sale of the Panteria Cu-Au Porphyry Project which includes the Renaldo Au-Ag Zone (“The Property”) to Gold State Resources (TSXV: GOST) (“Gold State”). The total consideration for The Property $200,000 US cash and 9,275,000 shares paid in two equal instalments. In addition to the cash and shares, a 1% NSR will be granted to Peruvian Metals and additional bonus payments totaling $1.5 million CDN will be paid in cash or shares if certain milestones are met. Transactions Details An initial payment of $10,000 CDN

Edmonton, Alberta–(Newsfile Corp. – April 4, 2022) – Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) (“Peruvian Metals” or the “Company”) is pleased to announce that it has been approved to commence trading of its common shares on the OTCQB® Venture Market (“OTCQB“), beginning today under the ticker symbol DUVNF. “We are pleased to offer investors yet another avenue for trading our shares and look forward to increasing the awareness around our company for U.S. investors. We believe that trading on the OTCQB can lead to overall enhanced liquidity and visibility in global capital markets,” said Jeffrey Reeder, CEO. Recognized as an established public market by the U.S. Securities and Exchange Commission, the OTCQB has helped

(Edmonton, Alberta – January 11, 2021) Peruvian Metals Corp. (TSXV: PER / US: DUVNF) (“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 2021, the Plant processed 28,654 tonnes of third-party mineral, compared with 18,510 tonnes in 2019 and 13,485 tonnes in 2020. This represents an increase of 54% compared to 2019. During the fourth quarter of 2021, Peruvian Metals processed a record 8,829 tonnes of mineralized material, an increase of 31.1 per cent compared with 2020 fourth quarter processing of 6,732 tonnes. Mineral processing during the final six