Peruvian Metals Provides Update on the Minas Visca Silver Project in Northern Peru and Announces Financing

Peruvian Metals Corp. has announced a significant milestone in its development strategy, securing a $1 million non-brokered private placement while providing encouraging updates on its Minas Visca Silver Project in Northern Peru. The financing, structured as 10 million units at $0.10 per unit with half-warrants exercisable at $0.20 for two years, will advance the company's exploration strategy and provide working capital for operations.

The Minas Visca property update reveals compelling economics driven by the dramatic increase in silver prices from $23/oz when acquired in 2021 to over $100/oz currently. Historical reports indicate the property averaged 13.16 oz/mt silver with 2.55% lead and 3.77% zinc, while recent company sampling of stockpiles returned averages of 12.93 oz/mt silver, 2.62% lead, and 1.68% zinc. Metallurgical testing on lower-grade surface material achieved acceptable recoveries of 85.5% for silver and 84.37% for lead, producing concentrates assaying 150.34 oz Ag/mt and 42.12% lead.

The strategic significance of this project lies in its integration with Peruvian Metals' existing infrastructure. The Minas Visca property is accessible via paved highway to the company's Aguila Norte Processing Plant, which operates at 100 tonnes per day capacity under environmental permit. This vertical integration model allows the company to replace third-party mineral feed with higher-margin material from its own properties, including Minas Visca and the Palta Dorada project where recent metallurgical work showed 89% gold recoveries.

The project's location places it strategically within a district of interest to major players, with Mitsui Mining & Smelting surrounding the concession and planning drilling programs in adjacent areas. This validates the geological potential of the region and suggests that Peruvian Metals' 94-hectare property sits within a significant mineralized system. The combination of improved silver pricing, proven metallurgical recoveries, existing processing infrastructure, and district-scale validation by major mining companies positions Minas Visca as a key asset in the company's portfolio expansion strategy.