Peruvian Metals Secures 6 Year Agreement with Community at Mercedes Project

About this update from Peruvian Metals Corp.

Edmonton, Alberta--(Newsfile Corp. - February 5, 2026) - Peruvian Metals Corp. (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals or the "Company") is pleased to announce that the agreement between San Maurizo Mines Ltd. ("San Maurizo"), a private Manitoba company which holds a 100% direct interest in the Mercedes Property, and Comunidades Campesinas y Nativas Comunidad Campesina de Pomamanta ("Community") has now been accepted and registered with Sunarp Peru's public registry. Peruvian Metals holds a 50% stake in San Maurizo. Development and exploration costs will be equally shared with Hudson Heartland Ltd. The agreement with the Community is valid for 6 years and allows local access to the mine site for exploration and exploitation of minerals. With the agreement and provisional permits in place, the Company can now commence the extraction of mineral for sale and/or processing. The Company expects to complete the entire permitting process by the end of year to be able to extract up to 350 tonnes per day. Initially, work will start on the Victor II vein where previous announced metallurgical results show that high silver (Ag) and gold (Au) recoveries are achievable. Metallurgical results, previously released (see the Company's news release January 23rd, 2026), produced a concentrate grading 33.03 ounces Ag/mt and 12.23 grams Au/mt. Silver-Gold recoveries returned 97.85% and 92.19% respectfully. New timber has replaced old timber to restore the historic underground workings, ensuring safe working conditions. Mercedes will continue to be managed by Eric Hinton, P.Eng., and Jeff Reeder, P.Geo. Mr. Hinton is the sole shareholder of Hudson Heartland Ltd. and is a member of the Professional Engineers of Ontario, Association of Professional Engineers and Geoscientists of the Province of Manitoba and a Fellow of the Canadian Institute of Mining and Metallurgy and is a designated Qualified Person as defined by NI 43-101 guidelines. Mr. Hinton has over 35 years of underground and open pit mining experience in Canada, the United States, Ghana and Zimbabwe. Peruvian Metals will continue to be involved in the project by providing administrative, accounting, permitting and geological services. Jeffrey Reeder, the Chief Executive Officer of Peruvian Metals, states: "Our Company is excited to work with the local community at...

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