Precious Metals

Peruvian Metals Corp. announces a total of 64,754,228 common shares were voted either in person or by proxy at its Annual and General Meeting on December 14th, which represented 66.12% of the outstanding common shares of the Company as at the record date. All the matters submitted to the shareholders, as set out in the Notice of Meeting and Information Circular dated November 15th, were voted in favour, including ...

Peruvian Metals Corp. (TSXV: PER) ("Peruvian Metals" or the "Company") announces a total of 64,754,228 common shares were voted either in person or by proxy at its Annual and General Meeting on December 14th, which represented 66.12% of the outstanding common shares of the Company as at the record date. All the matters submitted to the shareholders, as set out in the Notice of Meeting and Information Circular dated November 15th, were voted in favour, including fixing the size of the board of Peruvian Metals to five, the ratification of the Company's 10% rolling stock option plan, and the appointment of UHY McGovern Hurley LLP, Chartered Accountants, as the auditor of the Company for the ensuing year.

In addition, the Company announces its Board has granted 2,125,000 incentive stock options to various directors, officers, employees, and consultants. The options vest immediately and may be exercised at a price of $0.20 per common share for a period of three years from the date of grant, in accordance with its stock option plan and policies of the TSX Venture Exchange.

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 properties in Peru.

For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com .

Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange: Symbol "PER"
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108136

News Provided by Newsfile via QuoteMedia

PER:CA
Peruvian Metals

Peruvian Metals

Overview

Peru is a prolific producer of both gold and copper. In 2019, it was one of the largest gold producers in Latin America, with an output of 128.4 metric tonnes. Even more impressively, Peru was the world's second-largest copper producer that year, with a copper-mining output of 2.4 million metric tonnes, and it hosts 13 percent of the world's copper reserves. It is no surprise that major companies are focused on this mining-friendly nation, including Barrick Gold (TSX:ABX,NYSE:GOLD), Southern Copper (NYSE:SCCO), Freeport-McMoRan (NYSE:FCX), Hudbay Minerals (NYSE:HBM,TSX:HBM) and many more. As the majors focus on production, there is a growing number of junior exploration companies searching for viable copper and gold deposits in the region.

One company focused on finding success in Peru is Peruvian Metals (TSXV:PER), a Canadian mineral processing and exploration company with reported revenue exceeding C$1.6 million for 2019. The company has an 80 percent stake in the Aguila Norte processing plant, which has a processing capacity of 100 tonnes per day.

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