Andean Precious Metals Announces Normal Course Issuer Bid and Automatic Securities Purchase Plan

About this update from Andean Precious Metals Corp

Toronto, Ontario--(Newsfile Corp. - June 28, 2026) - Andean Precious Metals Corp. (TSX: APM) (OTCQX: ANPMF) ("Andean" or the "Company") announces that the Toronto Stock Exchange (the "TSX") has accepted the Company's notice of intention to make a normal course issuer bid ("NCIB") with respect to its outstanding common shares (the "Shares"). The notice provides that the Company may, during the 12-month period commencing July 2, 2026 and ending no later than July 1, 2027, purchase through the facilities of the TSX and/or alternative Canadian trading systems up to 4,000,000 common shares in total, representing approximately 2.65% of the Company's 151,025,419 issued and outstanding common shares as at June 22, 2026. Under TSX rules, the maximum number of common shares that may be purchased under the NCIB is 7,551,270 common shares, representing 5% of the Company's issued and outstanding common shares as of June 22, 2026. All Shares purchased under the NCIB will be purchased at prevailing market prices at the time of acquisition, plus brokerage fees, and will be purchased in accordance with applicable securities laws and TSX rules. Daily purchases under the NCIB will be limited to 141,006 common shares, other than block purchase exceptions. All common shares purchased under the NCIB will be cancelled. The Company has engaged Desjardins Capital Markets to act as its designated broker for purposes of the NCIB. Although the Company intends to acquire Shares under the NCIB, it is not obligated to make any purchases and purchases may be suspended or discontinued at any time. The Company is undertaking the NCIB because, in the opinion of its board of directors, from time to time the market price of its Shares may not fully reflect the underlying value of the Company's business and future prospects, and that the repurchase of Shares at such times represents an appropriate use of available funds and is in the best interests of shareholders. To the knowledge of the Company, no director, senior officer or other insider of the Company currently intends to sell Shares under the NCIB. Automatic Securities Purchase Plan The Company also announces that it has entered into an automatic securities purchase plan (the "ASPP") with Desjardins Capital Markets in connection with the NCIB. The ASPP has been accepted by the TSX and is intended to facilitate purchases of Shares under ...

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