Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to provide an update on the construction phase at the El Peñón processing facility to support the Farellon Iron-Oxide-Copper-Gold (Cu-Au) mine located near La Serena, Chile.

The Company is pleased to report that the magnetic separator and dewatering equipment have arrived at the El Peñón processing facility. In preparation for the installation, the civil work for the four concrete platforms required to support the construction and integrate the equipment into the final processing circuit has begun.

CEO Alastair McIntyre comments, "The arrival of this important equipment highlights APN's commitment to integrate our production activities with our processing operations while focusing on environmentally friendly methods to leverage our bottom line."

The magnetic separation process uses the magnetic properties of the magnetite mineralization found within the material mined at Farellon. Magnetic iron is recovered by processing the tailings generated from the Cu flotation through a series of three magnetized drums. This process attracts and traps the magnetic mineralization within the circuit (Figure 1). The iron concentrate collected from the drums will be processed further using a disc filter to remove the water. The process will produce a concentrate expected at > 61% Fe with a moisture content of less than 15%. The full magnetic separation and dewatering process is expected to recover 82% of the water which can be reused in the milling and flotation process.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/4303/108635_d98eab9ad4fc8a61_001full.jpg

Drying Process for Final Tailings

Concentrates produced by the flotation process will be pumped to a conditioning tank where flocculant will be added to thicken the solution. In this equipment, the solids will decant and compress within their own weight (Figure 2). The resulting precipitated solids are raked to avoid blockages, while the excess water is recovered as overflow and reused in the circuit. Using a high pressure flow, the solution is pumped to a chamber press filter and passed through concave plates to dry the concentrate and recover the water (Figure 3). After each cycle, the plates are opened and the solids are removed and collected for sale. The same circuit is also used for the tailings generated from the copper flotation and the tailings from the magnetic separation processes. Final tailings will be stored in dry stock piles for removal.

Figure 2. Illustration of the Thickening Process

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/4303/108635_d98eab9ad4fc8a61_002full.jpg

To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/4303/108635_d98eab9ad4fc8a61_003full.jpg

Figure 4. Equipment Arrives on Site To view an enhanced version of Figure 4, please visit: https://orders.newsfilecorp.com/files/4303/108635_capture.jpg

Altiplano has generated greater than US$7.2 million from the recovery and sale of approximately 3.6 million pounds of copper with an average grade of 1.74% Cu (2018 Q1-2021 Q3). Cash flow has been re-invested into equipment, underground drilling, expanding underground development, enhancing ventilation to increase productivity and capacity, and the commencement of the permitted El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.

About Altiplano Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper-gold-iron mine, development near term producing gold-copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.

John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.

Altiplano is part of the Metals Group of companies, managed by an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to capitalize on investment opportunities and deliver shareholder returns.

ON BEHALF OF THE BOARD 

/s/ "John Williamson" Chairman

For further information, please contact: Alastair McIntyre, President and CEO. alastairm@apnmetals.com Tel: (416) 434-3799

Jeremy Yaseniuk, Director jeremyy@apnmetals.com Tel: (604) 773-1467

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. The Farellon mine was previously in production dating back to the 1970's with a reported historical production (to a depth of 70 m) yielding approximately 300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling and related activities and current diamond drilling to estimate grade and widths of the mineralization to reactivate production. The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any production decision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108635

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Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report on the May 2022 operating results from the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.

During the month of May, approximately 3,432 tonnes of mineralized copper-gold material was produced at Farellon and approximately 2,750 tonnes were shipped and processed. A slight improvement is noted in the amount produced in May over April; however, the amount of processed material improved by 23% over the previous figure of 2,242 tonnes observed in April. The May copper grade at 2.0% decreased slightly compared to the previous month observed at 2.07%. The Hugo Decline advance to the 352 m has been completed. This level is expected to be operational in the next two weeks when the SW and NW subdrifts have been completed. These subdrifts will provide operational access to the high grade mineralized zone in NE and SW directions on 2 new working faces.

Revenue generated in May was approximately US$377,545 after processing costs, representing the highest monthly revenue figure recorded since Q1 2018. May revenue also represented a 19% improvement over April's revenue of US$317,738. At May month end, an additional 380 tonnes were stockpiled at the Farellon site with 1,180 tonnes in process at ENAMI. The revenue from this material will be credited in the following months after processing has been completed. A total of 1,850 tonnes are stored at the El Peñón processing facility in advance of startup. Newly mined material will be split shipped between ENAMI and El Peñón to maximize revenue and manage cash flows as the mill prepares to commence operation.

CEO Alastair McIntyre commented "We are very pleased to see the continuing trend of improved revenues as we advance to deeper high grade operating levels at Farellon. Our improving output at Farellon combined with record revenue figures bodes well as we transition to the mill start up at El Peñón expected in a few weeks."

Figure 1. Comparative 2022 Income, Copper Contained and Grade

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/4303/128005_altiplanofigure2.jpg

Figure 3. Jumbo Operating on the 360 m NE Drift

To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/4303/128005_altiplanofigure3.jpg

Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development of near-term producing gold/copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.

Altiplano has generated over US$8.83 million (after processing costs) from the recovery and sale of 4.15 million pounds of copper with an average grade of 1.76% Cu (2018 Q1-2022 Q1). Cash flow has been re-invested into equipment, underground drilling, expanding underground development at Farellon, enhancing ventilation to increase productivity and capacity, new underground development and exploration at Maria Luisa, and construction of the near completed El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.

John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.

Altiplano is part of the Metals Group of companies. Metals Group is an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to capitalize on investment opportunities and deliver shareholder returns.

ON BEHALF OF THE BOARD

/s/ "John Williamson" Chairman

For further information, please contact:

Alastair McIntyre, CEO alastairm@apnmetals.com Tel: (416) 434 3799

Jeremy Yaseniuk, Director jeremyy@apnmetals.com Tel: (604) 773-1467 

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. The Farellon mine was previously in production dating back to the 1970's with a reported historical production (to a depth of 70 m) yielding approximately 300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling and related activities and current diamond drilling to estimate grade and widths of the mineralization to reactivate production. The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any production decision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128005

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Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report on the April 2022 operating results from the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.

During the month of April, approximately 3,420 tonnes of mineralized copper-gold material was produced at Farellon and approximately 2,240 tonnes were shipped and processed. Production improved by 34% over the March output of 2,543 tonnes with processed material declining slightly by 4.3% over the previous figure of 2,337 tonnes. The April copper grade at 2.07% improved by 5.6% for the month compared to the copper grade observed in March at 1.96%. The Hugo Decline continues the advance to the 352-level m where a total of 52 m has been completed to date of the expected 65m. Intersection of the new level is expected in early June where mining will commence in NE and SW production sub-drifts.

Revenue generated in April was approximately US$318,900 after processing costs, representing a 4.6% improvement over March's revenue of US$304,795. At April month end, an additional 250 tonnes were stockpiled at site with 2,317 tonnes in process at ENAMI. The revenue from this material will be credited in the following months after processing has been completed. Lower grade stocks of 1,400 tonnes have been shipped to the El Peñón processing facility in advance of startup. In addition, newly mined material will be split shipped between ENAMI and El Peñón to maximize revenue and manage cash flows as the mill prepares to commence operation.

CEO Alastair McIntyre commented "We are pleased to see ongoing grade improvement at Farellon, especially as we advance deeper to the lower working levels. Our previous drilling results highlighted that grade improves with depth and we are observing this in the lower working faces and validated with increased payable copper from processing facility. Our next goal of reaching the 352 m level in the next several weeks is expected to confirm the trend of increasing grade at depth."

Figure 1. Comparative 2021 Monthly Review of Farellon Output

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/4303/125394_altipl2.jpg

Figure 2. Comparative 2022 Income, Copper Contained and Grade

To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/4303/125394_349da7a1b45e9ace_002full.jpg

The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with the production decision

Figure 4. Massive Chalcopyrite and Magnetite on the 360 m level

Note the copper in yellow on the right and left sides of the picture as chalcopyrite. The darker steel grey areas are magnetite which will processed at the El Peñón facility to recover the iron. Vein widths in this location are as much as 8.5 m wide expanding from the 2.5 m average. The driller operating the Jumbo provides the perspective of scale.

To view an enhanced version of Figure 4, please visit: https://orders.newsfilecorp.com/files/4303/125394_349da7a1b45e9ace_003full.jpg

Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development of near-term producing gold/copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.

Altiplano has generated over US$8.83 million (after processing costs) from the recovery and sale of 4.15 million pounds of copper with an average grade of 1.76% Cu (2018 Q1-2022 Q1). Cash flow has been re-invested into equipment, underground drilling, expanding underground development at Farellon, enhancing ventilation to increase productivity and capacity, new underground development and exploration at Maria Luisa, and construction of the near completed El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.

John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.

Altiplano is part of the Metals Group of companies. Metals Group is an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to capitalize on investment opportunities and deliver shareholder returns.

ON BEHALF OF THE BOARD 

/s/ "John Williamson" Chairman

For further information, please contact: Alastair McIntyre, CEO alastairm@apnmetals.com Tel: (416) 434 3799

Jeremy Yaseniuk, Director jeremyy@apnmetals.com Tel: (604) 773-1467

 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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. The Farellon mine was previously in production dating back to the 1970's with a reported historical production (to a depth of 70 m) yielding approximately 300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling and related activities and current diamond drilling to estimate grade and widths of the mineralization to reactivate production. The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any production decision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125394

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Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to provide an update on decline progress and ongoing exploration activities at the Maria Luisa Project (the "Project"), located 100 km north of La Serena within the Atacama region in Incahuasi, Chile.

Alastair McIntyre, President and CEO comments "We are pleased with the progress and the advance of the Maria Luisa decline, and are on track to reach the targeted vein system within the next few months. The completion of the decline and subsequent crosscuts to access gold-copper vein material will provide the opportunity to generate additional sales revenue moving forward."

Figure 1: Maria Luisa decline progress, drill collars, and mapped gold-copper veins.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/4303/124083_2d02e0d2947de820_001full.jpg

* The decision to commence underground exploration and development at the Maria Luisa site is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with this decision.

About Altiplano Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development near term producing gold/copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.

Altiplano has generated over US$8.83 million from the recovery and sale of 4.15 million pounds of copper with an average grade of 1.76% Cu (2018 Q1-2022 Q1). Cash flow has been re-invested into equipment, underground drilling, expanding underground development at Farellon, enhancing ventilation to increase productivity and capacity, new underground development and exploration at Maria Luisa, and the near completion construction of the El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.

John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.

Altiplano is part of the Metals Group of companies. Metals Group is an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to capitalize on investment opportunities and deliver shareholder returns.

ON BEHALF OF THE BOARD

/s/ "John Williamson" Chairman

For further information, please contact: Alastair McIntyre, President and CEO alastairm@apnmetals.com Tel: (416) 434-3799

Jeremy Yaseniuk, Director jeremyy@apnmetals.com Tel: (604) 773-1467

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. The is no current mineral resource at Maria Luisa and further exploration may or may not define a resource estimate (M. Dufresne, NI 43-101 Technical Report, February 10, 2017). In addition, a decision to commence underground exploration and development at the Maria Luisa site is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with this decision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124083

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Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to provide an update on ongoing surface reconnaissance work that has identified a large 3.5 x 1.5 km alteration corridor (Figure 1) at the Pastillas Gold-Copper project (the "Property"), located within the prolific Maricunga Gold Belt in northern Chile's Atacama region (Figure 2).

Figure 1: Aerial photograph of the Pastillas Alteration Corridor.

To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/4303/122918_027a6b00847518fe_001full.jpg

The Company recently completed a reconnaissance bedrock mapping program covering prospective exposed alteration within the southern portion of the Property to contextualize historical data and develop a model for future drill target generation (Figure 3). The mapping area was chosen to evaluate potential alteration identified in historical ASTER data and in limited historical sampling. The mapping campaign was completed over approximately six square kilometres, and identified a corridor of alteration striking roughly north-south and measuring approximately 3.5 x 1.5 kilometres. Argillic to advanced argillic alteration and steam-heated zones observed are consistent with the Company's interpretation that Pastillas is likely a high-level exposure of an epithermal system, and may be related to alteration along-trend at Rio2's Fenix deposit and Yamana's La Pepa deposit (Figure 4).

Concurrent with the bedrock mapping program, 33 outcrop samples were collected to contextualize the alteration observed in mapping and serve as additional vector information for future mineralization targeting. The collected samples will be analyzed for important pathfinder elements, and short-wave infrared (SWIR) spectroscopy will also be completed to determine the alteration mineral assemblages present in the samples. The Company also initiated the collection of a high-resolution talus fines sampling grid to be analyzed via SWIR spectroscopy to provide a comprehensive map of alteration mineralogy covering prospective areas within the southern portion of the Property. Alteration minerals are indicative of specific pH and temperature conditions present at the time of mineral formation, and serve as important markers for conditions necessary for ore formation in epithermal and porphyry mineralization environments. When the talus fines sampling grid is completed and analyzed, this dataset will provide a robust indication of alteration intensity and vertical and lateral proximity to potential mineralization centres below the exposed lithocap.

Figure 2: Pastillas project location map with proximal major deposits and area depicted in Figure 3. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/4303/122918_027a6b00847518fe_002full.jpg

Figure 3: Reconnaissance mapping area at Pastillas with interpreted bedrock lithology, including units known to host ore within the Maricunga Gold Belt, prospecting sample locations, and observed faults and lithological contacts. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/4303/122918_027a6b00847518fe_003full.jpg

Figure 4: Idealized cross-section of high-sulphidation epithermal and porphyry environments, with interpreted present-day level of exposure observed at Pastillas. To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/4303/122918_027a6b00847518fe_004full.jpg

Alastair McIntyre, President and CEO comments, "We are very pleased to have delineated a multi-kilometre scale alteration footprint in initial reconnaissance mapping that confirmed and significantly expanded on zones of known alteration from limited historical work. Initial indications that Pastillas may be situated in the upper portions of a large epithermal system appear to be validated with this recent work, and we look forward to sharing the results of outcrop multi-element geochemistry and talus fines SWIR analysis as they become available."

Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development near term producing gold/copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.

Altiplano has generated over US$8.83 million from the recovery and sale of 4.15 million pounds of copper with an average grade of 1.76% Cu (2018 Q1-2022 Q1). Cash flow has been re-invested into equipment, underground drilling, expanding underground development at Farellon, enhancing ventilation to increase productivity and capacity, new underground development and exploration at Maria Luisa, and the near completion construction of the El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.

John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document. 

Altiplano is part of the Metals Group of companies. Metals Group is an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to capitalize on investment opportunities and deliver shareholder returns.

ON BEHALF OF THE BOARD

/s/ "John Williamson" Chairman

For further information, please contact: Alastair McIntyre, CEO alastairm@apnmetals.com Tel: (416) 434-3799

Jeremy Yaseniuk, Director jeremyy@apnmetals.com Tel: (604) 773-1467

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions, including the impact of COVID-19, as well as its resulting quarantine measures and travel restrictions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com. 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122918

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Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report on the Q1 2022 results from the Farellon Copper-Gold-Iron (Cu-Au-Fe) mine located near La Serena, Chile.

During Q1, 2022, the Company extracted a total 10,075 tonnes of mineralized Cu-Au material at Farellon and processed 6,676 tonnes at an average copper grade of approximately 1.99%. Sales of 281,949 pounds of copper generated approximately US$857,238 in revenue (after processing costs) which represents the highest revenue total to date from Q1 2018.

At the end of March 2022, the Company had 400 tonnes in stockpiles at the Farellon site to be shipped for processing and 1,330 tonnes of low-grade stockpiled material. The revenue from the stockpile at site will be realized in the coming months. The low-grade stock will be processed at the APN El Peñón mill site at a later date to recover the value of the contained copper and iron. To date, 800 tonnes of low-grade Copper-Iron material has been shipped to the El Peñón mill.

Total tonnes extracted and processed in Q1 decreased by 10% and 8% respectively from the previous quarter; however overall grade, at 1.99%, represents a 15% increase from the fourth quarter. The increase in grade is attributed to accessing higher grade material in the NE sections of the mine in the 376 m, 368 m and 360 m levels with overall grade control and waste management also being a contributor. In addition, the waste removal in Q1 was 1,870 tonnes, a decrease of 43% from the Q4 total of 3,320 tonnes, as focus remains on extraction during Q1.

President and CEO Alastair McIntyre comments: "We are very pleased to report on continuing positive results at Farellon. Grade improvements over the past several quarters are generating significant positive results with Q1 2022 generating the highest reported revenue on record. Our focus on development and grade control will provide the foundation for enhanced returns as the mill comes on-line. The El Peñón facility is expected to provide a 45% decrease in trucking and processing costs over selling to third-party processors."

Figure 1. Quarterly Review of US$ Revenue and Copper Pounds Sold

Figure 2. Mined, Processed, Waste Removed and Cu Grade by Quarter

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/4303/121151_altipl2.jpg

Figure 3. Processed Material, Income vs. Mining Costs by Quarter

To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/4303/121151_altipl4.jpg

The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with the production decision

To view an enhanced version of Figure 4, please visit: https://orders.newsfilecorp.com/files/4303/121151_a944f447740469b3_003full.jpg

During Q1 2022, extraction of copper-gold material continued to focus on the 376 m, 368 m and the 360 m levels. Mining activities were principally in the NE section of the mine. Bench mining continues along the 382 m and 376 m levels, removing material from the roofs and floors between levels. The mining of the 389 m level has been completed and will be sealed off as part of the ventilation plan. As the advance continues, the older levels will be sealed according to the ventilation design, forcing the air flow to the deeper working levels. The ventilation improvement removes the gases generated from blasting and machines faster and efficiently, providing opportunity to increase productivity. Improvements are currently underway to upgrade the electric system to enhance the water extraction system, using electric pumps instead of compressed air pumps.

The decline development to reach the level 352 m level has advanced a total of 38 m. The target production date for this level is now set for early May as activities in Q1 focused on production.

Altiplano has generated over US$8.36 million from the recovery and sale of 4.15 million pounds of copper with an average grade of 1.76% Cu (2018 Q1-2022 Q1). Cash flow has been re-invested into equipment, underground drilling, expanding underground development at Farellon, enhancing ventilation to increase productivity and capacity, new underground development and exploration at Maria Luisa, and the commencement of the permitted El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.

Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development near term producing gold/copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.

John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.

Altiplano is part of the Metals Group of companies. Metals Group is an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to capitalize on investment opportunities and deliver shareholder returns.

ON BEHALF OF THE BOARD

/s/ "John Williamson" Chairman

For further information, please contact: Alastair McIntyre, CEO alastairm@apnmetals.com Tel: (416) 434-3799

Jeremy Yaseniuk, Director jeremyy@apnmetals.com Tel: (604) 773-1467

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. The Farellon mine was previously in production dating back to the 1970's with a reported historical production (to a depth of 70 m) yielding approximately 300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling and related activities and current diamond drilling to estimate grade and widths of the mineralization to reactivate production. The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any production decision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121151

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Hot Chili Ltd is a mineral exploration company with a focus on copper. The company's flagship Costa Fuego copper hub in Chile is comprised of two major copper deposits, Productora and Cortadera, containing 2.9Mt of copper and 2.7MM ounces of gold. Hot Chili's projects are close to infrastructure and are easily accessible in a mining friendly jurisdiction.

Click here to read the previous best TSX copper stocks article.

After an incredibly strong 2021, copper has seen even greater highs in 2022. However, the metal's price has cooled slightly in Q2 from its new all-time high of US$10,910 per metric ton on March 4.

When the Investing News Network spoke with Exploration Insights Editor Joe Mazumdar at the Vancouver Resource Investment Conference, he said that copper is his pick for the next decade.

"Some of it's battery metal exposure, it's construction," he said. "But also on the supply side, the lack of development projects and the higher permitting risk combined with more geopolitical risk in two of the major producers, Chile and Peru. They might have issues with production into a market (where) demand might grow."

Additionally, Russia's invasion of Ukraine has affected the price of copper alongside other base and battery metals.

The list below shows the top-performing TSX-listed copper stocks by share price performance so far this year. It was generated on June 13, 2022, using TradingView’s stock screener, and only TSX copper companies with market capitalizations greater than C$50 million at that time are included.

Year-to-date gain: 75.33 percent; current share price: C$22.39

Filo Mining is focused on advancing its Filo del Sol copper-gold-silver project in Chile along the Chile-Argentina border. It is currently performing drill programs at the project. According to the company, “(Filo del Sol’s) complex geological history has created a heterogeneous orebody which is characterized by zones of very high-grade copper +/- gold +/- silver mineralization within a large envelope of more homogeneous, lower-grade mineralization.”

Filo’s share price began to see significant growth in mid-March after it closed a C$100 million strategic investment from BHP Western Mining Resources, which is a subsidiary of BHP (ASX:BHP,NYSE:BHP,LSE:BHP). The company’s share price rose to reach a peak of C$24.44 on April 18 before falling through mid-May to C$16.62, during which time it shared its first quarter results. However, the day after that low, Filo's share price rocketed back up on positive drill results that extended the Breccia 41 zone.

"A remarkable result; hole 57 extends the bonanza-grade Breccia 41 mineralization another 175m to the north, building on the potential volume of this extremely high-grade rock,” President and CEO Jamie Beck said. “Prior to reaching target depth, the hole ended in the highest-grade copper we've ever reported at Filo del Sol." Further positive exploration news continued to drive the company's share price, culminating in a year-to-date high of C$26.58 on June 2. On June 3, Filo shared that it has been included in the S&P/TSX Composite Index.

Year-to-date gain: 71.63 percent; market capitalization: C$7.41 billion; current share price: C$35.70

Turquoise Hill Resources operates the Oyu Tolgoi copper-gold mine in Mongolia, which it claims has the potential to operate for 100 years from five deposits. Oyu Tolgoi is jointly owned by Turquoise Hill (66 percent) and Mongolian government-owned entity Erdenes Oyu Tolgoi (34 percent). Turquoise Hill itself is 50.8 percent owned by Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), which is the operator of Oyu Tolgoi. The mine has been in production since 2013.

The company performed positively through mid-March, when Rio Tinto proposed a plan to buy the remaining 49.2 percent of Turquoise Hill that it does not already own for C$34 per share. The news drove Turquoise Hill's share price even higher, rising from C$25.68 on the previous trading day to C$34.02 on the day of the announcement. Shares have only gained from there, hitting a year-to-date high of C$38.58 on April 13. On April 7, Turquoise Hill shared that it had created a special committee to review the proposal, although that should not be considered a guarantee that the deal will be completed. On May 18, the company announced amendments to the arrangement.

In other news, Turquoise Hill shared its Q1 operating results for Oyu Tolgoi, as well as its financial results for the same period. Copper and gold production came in lower year-on-year, but that was expected and numbers are still in line with previous guidance. The company's most recent news came on June 14, when it announced that on June 17 the first drawbell of the Hugo North mine at Oyu Tolgoi is scheduled to be fired.

Year-to-date gain: 13.01 percent; market capitalization: C$294.51 million; current share price: C$1.65

Amerigo Resources operates its MVC project in Chile. The company produces copper and a molybdenum by-product using fresh and historic tailings from Codelco’s El Teniente mine. The company is strongly focused on environmental, social and governance tenets, and as of 2020 all of its electricity was from renewable sources.

Amerigo’s share price has been slowly ascending throughout 2022. The company started the year with the release of its 2021 production results and 2022 guidance, in which it shared that its copper production for 2021 came in 4 percent over guidance at 63.4 million pounds. Then, on February 24, the company announced it had achieved record revenue in 2021 of US$199.6 million, up from its 2020 revenue of US$126.4 million.

Amerigo saw its strongest share price performance through the news-less month of March, when it rose to a year-to-date high of C$1.92. The company went on to share its Q1 production results, reporting 16.5 million pounds of copper, as well as its Q1 financial results, achieving net income of US$15.5 million. Since its March highs, the company's performance has weakened, but it is still up year-to-date.

Year-to-date gain: 8.52 percent; market capitalization: C$371.38 million; current share price: C$3.44

PolyMet Mining’s flagship project is its NorthMet copper-nickel project, which is also expected to produce cobalt and precious metals. NorthMet has proven and probable reserves of 290 million metric tons (MT) grading 0.288 percent copper and 0.083 percent nickel. The future mine is located in Minnesota, US, in the Duluth Complex. The company is working to secure permits that will allow it to begin mining.

Although PolyMet’s share price performed relatively flatly for the early part of the year, it saw a spike from C$3.74 on March 7 to C$5.06 the following day; the company released no news to accompany this spike. PolyMet fell back down to the C$4 to C$4.50 range in the following weeks, during which time it shared its 2021 financial results and a Q1 business update. Its share price did experience another spike, hitting a year-to-date high of C$5.17, this time following the March 29 news that Senior Vice President Richard Lock was moving on. Since then, PolyMet has fallen significantly. The only news since then is its Q1 financial results and a business update.

Year-to-date gain: 5.98 percent; market capitalization: C$23.69 billion; current share price: C$32.08

First Quantum Minerals employs over 20,000 people globally, and has seven copper operations across Europe, Asia, Africa and North America, as well as a nickel mine in Australia. It is one of the top 10 copper producers in the world, and produces gold, zinc and cobalt in addition to copper and nickel. As part of its climate change policy, the company has set out a path to achieve a 50 percent reduction in greenhouse gas emissions by 2030.

First Quantum’s share price has seen multiple peaks so far in 2022. Its highest performance came in late March, during which time the company released multiple pieces of news, including an updated technical report for its Ravensthorpe nickel project. The company saw a year-to-date high of C$44.96 on April 4. Later that month, it announced its Q1 results, including copper production of 182,210 MT in Q1, down 10 percent from Q4 2021. The company also shared that its board of directors appointed a new CEO, Tristan Pascall, and approved the S3 expansion at the Kansanshi copper mine. A new processing plant and larger mining fleet will bring the mine’s annual throughput to 53 million MT per year.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

Copper Fox Metals CEO Elmer B. Stewartyoutu.be

Speaking to the Investing News Network, Copper Fox Metals (TSXV:CUU,OTC Pink:CPFXF) CEO Elmer Stewart identified strengths that set the company apart from other junior explorers. He is confident that now is a good time for investors to look at Copper Fox Metals' potential.

“I would rank us within the top 10 percent of junior explorers, primarily because of the resource base we have, the joint venture with Teck Resources (TSX:TECK.B,TSX:TECK.A,NYSE:TECK), a very large established resource on the Schaft Creek project and a very high net asset value per share,” Stewart said.

Copper Fox Metals is focused on advancing the Van Dyke project and the Schaft Creek joint venture toward an updated resource estimate. “The 2022 drilling program includes some infield drilling between the existing drill holes and collecting metallurgical samples for metal recoveries," Stewart said. "We will also do some variability testing lifecycle tests to improve the recoveries, or to see if we can.”

The company will begin setting up a hydrogeological survey to establish sampling points, according to Stewart. It plans to map the hydrology so it can build the hydrology and go into the permitting process.

Stewart also mentioned that the second thing that boosts the company's potential is having established a very high net asset value per share that supports a higher share price. “One of our objectives this year is to align those two metrics," he explained.

Finally, Stewart highlighted how a great location intensifies Copper Fox Metals' advantage over its competitors. “Our assets are all located in tier one mining jurisdictions," he said. "And all the projects can potentially add more resources. At Eaglehead, we have the potential to move to a resource statement in 2022, or maybe early 2023. And the Mineral Mountain Sombrero Butte project has very large porphyry copper footprints and good potential for an exploration discovery.”

At the end of May, Copper Fox Metals released the results of an airborne geophysical survey for its 100 percent owned Mineral Mountain copper project; it shows three distinct bodies of higher magnetic intensity, as well as two new exploration targets.

Watch the full interview of Copper Fox Metals CEO Elmer Stewart above.

Disclaimer: This interview is sponsored by Copper Fox Metals (TSXV:CUU,OTC Pink:CPFXF). This interview provides information that was sourced by the Investing News Network (INN) and approved by Copper Fox Metals in order to help investors learn more about the company. Copper Fox Metals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Copper Fox Metals and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) announces following the Company's annual general meeting of shareholders, held on June 14, 2022, that shareholders of the Company approved the adoption of the Company's amended and restated stock option plan (the "Amended and Restated Option Plan").

The Company's stock option plan was originally adopted by the board of directors on June 2, 2011, and previously amended on May 27, 2015. The total number of common shares of the Company (the "Common Shares") reserved and available for grant and issuance under the Amended and Restated Option Plan shall be a rolling number equal to 10% of the total issued and outstanding Common Shares from time to time.

As further discussed in the Company's management information circular dated April 28, 2022 (the "Circular"), the principal amendments to the Amended and Restated Option Plan included: (i) amending the vesting provisions to provide parameters for the vesting of options granted to any Investor Relations Service Provider (as defined in the Amened and Restated Option Plan) to ensure compliance with Policy 4.4 of the TSX Venture Exchange, (ii) amending the expiry provisions to provide that should the expiry date for an option fall within a Blackout Period (as defined in the Amended and Restated Option Plan), such expiry shall, subject to the approval of the TSX Venture Exchange, be automatically extended to that day which is the tenth business day after the end of the Blackout Period, (iii) amending the option term provisions to provide that the Option Price (as defined in the Amended and Restated Option Plan) shall not be less than the last closing price of the Common Shares on the TSX Venture Exchange before the date of grant less any applicable discount, (iv) adding the requirement that the TSX Venture Exchange approve adjustments to options granted and (v) amending the exercise provisions to permit "net exercise" by holders of options, except for those holders who are Investor Relations Service Providers. The full text of the Amended and Restated Option Plan is appended to the Circular and is available under the Company's profile on SEDAR.

Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing it's high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.

ON BEHALF OF THE BOARD

Fernando E. Ganoza CEO Atico Mining Corporation

Trading symbols: TSX.V: ATY | OTCQX: ATCMF

Investor Relations Igor Dutina Tel: +1.604.633.9022

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.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ''U.S. Securities Act''), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward Looking Statements

This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company's mineral projects; uncertainty of meeting anticipated program milestones for the Company's mineral projects; the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the coronavirus pandemic is minimized or not long-term; disruptions related to the COVID-19 pandemic or other health and safety issues, or the responses of governments, communities, the Company and others to such pandemic or other issues; and other risks and uncertainties disclosed under the heading "Risk Factors" in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com

Click here to connect with Atico Mining Corporation (TSX.V: ATY | OTC: ATCMF) to receive an Investor Presentation

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to provide partial results for drill hole FCG22-17 that targeted the high-grade North Fork zone at the Fondaway Canyon gold project in Nevada.

"This is a spectacular start to the 2022 drill program especially with the discovery of high-grade gold mineralization lying shallow below the canyon floor," states Mike Sieb, President, Getchell Gold Corp. "The mineralizing system at Fondaway Canyon continues to impress and we wait with anticipation for what the year will bring."

Drill hole FCG22-17, the first drill hole of the 2022 drill program at Fondaway Canyon (the "Project"), is the first in a series of holes tasked with delineating the high-grade gold discovered by FCG21-16, the last drill hole of the 2021 drill program.

FCG21-16 encountered a high-grade gold interval grading 6.3 g/t Au over 50.7 m (117.5-168.2 m drill depth) that includes 10.4 g/t Au over 25.0 m (139.9-164.9 m) (Company news release dated February 15, 2022). This latter interval contained 12 samples reporting >10 g/t Au revealing strong internal high-grade gold consistency.

"Marking how truly exceptional this is, the FCG21-16 interval returned the greatest 'gold grade x thickness' value in the 40+ year history of gold exploration and mining at the Project and likely represents a major high-grade conduit for the gold mineralizing system at Fondaway Canyon." stated Mike Sieb, President, Getchell Gold Corp.

Hole FCG22-17 was collared on the canyon floor, at the junction of Fondaway Canyon and the North Fork branch, on the same drill pad as hole FCG21-16 (Figure 1). FCG22-17 was designed to target the North Fork mineralized zone as a 25m step out to the northwest from the high-grade intercept encountered in FCG21-16 (Figure 2).

Fire assay gold results have been received down to a drill depth of 119.5 m. This represents only a partial return of results. Assays are pending for the remainder of the hole to an end-of-hole depth of 348.7m.

FCG22-17 intersected gold mineralization considerably shallower than anticipated at a down-hole depth of 66.1 m with a significant gold interval extending down to the last sample returned to date.

Figure 1: Fondaway Canyon looking southeast highlighting the 2020, 2021, and 2022 drilling.

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3941/127816_5bd5ca52a4fa192f_001full.jpg

Figure 2: Plan Map, North Fork Zone highlighting 2022 drilling in relation to drill hole FCG21-16.

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/3941/127816_5bd5ca52a4fa192f_002full.jpg

Figure 3: Cross-section highlighting gold intervals in drill holes FCG21-16 and FCG22-17.

To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/3941/127816_5bd5ca52a4fa192f_003full.jpg

An exceptionally high-grade gold zone grading 17.7 g/t Au over 9.9 m (94.7-104.6 m) was encountered within a broader zone grading 5.4 g/t Au over 51.9 m (66.1-118 m) (Figure 3 and Table 1). This interval contains ten consecutive samples reporting >9 g/t Au revealing strong internal high-grade gold consistency.

The FCG22-17 gold interval reported to date sits vertically higher than FCG21-16's gold interval. Receipt of the pending assay results will assist the Company in determining the relationship of the gold interval encountered in FCG22-17 with FCG21-16's gold interval and to the degree it adds to the mineralization model.

Table 1: Drill Hole FCG22-17 Notable Gold Intervals

To view an enhanced version of Table 1, please visit: https://orders.newsfilecorp.com/files/3941/127816_5bd5ca52a4fa192f_004full.jpg

A second drill hole has been completed. Hole FCG22-18, collared on the same pad as FCG22-17 (Figure 2), was designed to test:

FCG22-18 was completed to a drill depth of 437.1 m with the bottom of the hole representing a 100 m step out from the closest North Fork gold zone drill intercept. Assays are pending.

Scott Frostad, P.Geo., is the Qualified Person (as defined in NI 43-101) who reviewed and approved the content and scientific and technical information in the news release.

The 2022 drill core is being processed using the same methods as the 2021 drill program. The core is cut at Bureau Veritas Laboratories' ("BVL") facilities in Sparks, Nevada, with the samples analyzed for gold and multi-element analysis in BVL's Sparks, Nevada and Vancouver, BC laboratories respectively. Gold values are produced by fire assay with an Atomic Absorption finish on a 30-gram sample (BV code FA430) with over limits re-analyzed using method FA530 (30g Fire Assay with gravimetric finish). The multi-element analyses are performed by ICP-MS following aqua regia digestion on a 30g sample (BV code AQ250). Quality control measures in the field include the systematic insertion of standards and blanks.

Highlighted drill intervals are based on a 0.25 g/t Au cut-off, minimum interval lengths of 3.3 metres (10 feet), and a maximum of 3.3 metres of internal dilution, with no top cut applied. All intervals are reported as downhole drill lengths and additional work is required to determine the true width.

The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

For further information please visit the Company's website at www.getchellgold.com or contact the Company by e-mail at info@getchellgold.com or by phone at +1 647 249-4798.

Mr. William Wagener, Chairman & CEO

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: use of proceeds from the financing Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127816

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Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill" or the "Company") today announced that the first drawbell of the Hugo North underground mine at Oyu Tolgoi ("OT") is scheduled to be fired on 17 June 2022. This is ahead of expectations and represents continued progress in terms of caving related milestones.

The Company is assessing any net positive impact that this may have on timing of sustainable production of Panel 0 which is currently forecast in the first half of 2023 and will update the market as appropriate.

Forward-looking statements and forward-looking information

Certain statements made herein, including statements relating to matters that are not historical facts and statements of the Corporation's beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements and information relate to future events or future performance, reflect current expectations or beliefs regarding future events and are typically identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "likely," "may," "plan," "seek," "should," "will" and similar expressions suggesting future outcomes or statements regarding an outlook. These include, but are not limited to, statements and information regarding: the nature of the Corporation's ongoing relationship and interaction with the Government of Mongolia with respect to the continued operation and development of Oyu Tolgoi as and when the key agreements entered into with the Government of Mongolia announced on January 24, 2022 (the "GoM Agreements") are implemented along with the implementation of Resolution 103, the resolution passed by the Parliament of Mongolia in December 2021 to resolve the outstanding issues among the Corporation, Rio Tinto and the Government of Mongolia in relation to the implementation of Resolution 92, the resolution passed by the Parliament of Mongolia in November 2019 mandating the Government of Mongolia to take necessary measures to ensure the benefits to Mongolia of Oyu Tolgoi; the continuation of undercutting in accordance with the mine plan and design; the actual timing of first sustainable production as well as the lifting of restrictions by the Government of Mongolia on the ability of Oyu Tolgoi LLC ("OT LLC") to incur any additional indebtedness; the implementation and successful execution of the updated funding plan that is the subject of the second amended and restated heads of agreement entered into with RTIH on May 18, 2022 (the "Second Amended HoA"), as such agreement may be further amended or restated, and the amount of any additional future funding gap to complete the Oyu Tolgoi project and the availability and amount of potential sources of additional funding required therefor, all as contemplated by the Second Amended HoA, as well as potential delays in the ability of the Corporation and OT LLC to proceed with the funding elements contemplated by the Second Amended HoA; liquidity, funding sources and funding requirements in general, in particular until sustainable first production is achieved, including the Corporation's ability to reach agreement with project finance lenders on the re-profiling of existing debt payments in line with current cash flow projections, as well as the Corporation (or a wholly-owned subsidiary) and OT LLC entering into a pre-paid copper concentrate sale arrangement; the availability and amount of potential sources of additional funding, including the short-term secured advance to be provided by Rio Tinto to the Corporation under the Second Amended HoA; the amount by which a successful re-profiling of the Corporation's existing debt would reduce the Corporation's currently projected funding requirements; the timing and amount of future production and potential production delays; statements in respect of the impacts of any delays on achieving first sustainable production and on the Corporation's cash flows; expected copper and gold grades; the mine design for Panel 0 of Hugo North Lift 1 and the related cost and production schedule implications; the re-design studies for Panels 1 and 2 of Hugo North Lift 1 and the possible outcomes, content and timing thereof; the timing of the sinking of Shafts 3 and 4 and any delays in that regard in addition to previously announced delays; expectations regarding the possible recovery of ore in the two structural pillars, to the north and south of Panel 0; the continuing impact of COVID-19, including any restrictions imposed by health or governmental authorities relating thereto on the Corporation's business, operations and financial condition, as well as delays and the development cost impacts of delays caused by the COVID-19 pandemic; the Corporation's ability to operate sustainably, its community relations and its social licence to operate in Mongolia; capital and operating cost estimates, including inflationary pressures thereon resulting in cost escalation; mill and concentrator throughput; anticipated business activities, planned expenditures, corporate strategies; supply disruptions of oil and gas to the Oyu Tolgoi project caused by the ongoing Russia-Ukraine conflict, and other statements that are not historical facts.

Forward-looking statements and information are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Corporation to be materially different from future results, performance or achievements expressed or implied by such statements or information. There can be no assurance that such statements or information will prove to be accurate. Such statements and information are based on numerous assumptions regarding present and future business strategies, local and global economic conditions, and the environment in which the Corporation will operate in the future.

Readers are cautioned not to place undue reliance on forward-looking information or statements. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predicted outcomes will not occur. Events or circumstances could cause Turquoise Hill's actual results to differ materially from those estimated or projected and expressed in, or implied by, these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are included in the "Risk Factors" section in Turquoise Hill's Annual Information Form for the year ended December 31, 2021 (the "AIF"), as supplemented by the "Risks and Uncertainties" section of Turquoise Hill's Interim Management's Discussion and Analysis for the first quarter ended March 31, 2022 ("Q1'22 MD&A").

Readers are further cautioned that the list of factors enumerated in the "Risk Factors" section of the AIF and in the "Risks and Uncertainties" section of the Q1'22 MD&A that may affect future results is not exhaustive. When relying on Turquoise Hill's forward-looking statements and information to make decisions with respect to Turquoise Hill, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Furthermore, the forward-looking statements and information contained herein are made as of the date of this document and Turquoise Hill does not undertake any obligation to update or to revise any of the included forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking statements and information contained herein are expressly qualified by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220614005740/en/

Vice President Investors Relations and Communications Roy McDowall roy.mcdowall@turquoisehill.com

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