Peruvian Metals to Extend Warrants

Edmonton, Alberta–(Newsfile Corp. – November 28, 2022) – Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) (the “Company”) announces that the Company intends to amend the terms of 2,334,000 outstanding warrants of the Company (the “Warrants”) that are set to expire December 15,
2022.

The Company has made an application to the TSX Venture Exchange (the “TSXV”) to extend the expiry date for all of the Warrants to March 31, 2023. All other terms of the Warrants will remain the same. 5,000,000 warrants were originally issued on September 9, October 6, and October 31 as part of the units issued under a private placement completed by the Company over three tranches in September and October 2020. Since the issuance, 2,666,000 have been exercised. The warrant extension is subject to the approval of the TSXV. More information about the Company can be found at www.SEDAR.com

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