Mantaro Precious Metals Corp. Announces Termination of Option Agreement on Golden Hill Property and Resignation of Director

August 28, 2023

MANTARO PRECIOUS METALS CORP. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) (“Mantaro” or the “Company”) announces that it has received a notice of termination from Luis Fernando Kinn Cortez (the “Optionor”) terminating the option agreement dated August 23, 2021 (the “Option Agreement”) among the Company, Mineral Golden Hill S.R.L. (“MGH”) and the Optionor. Under the terms of the Option Agreement, the Company had the right to earn up to an 80% interest in the Golden Hill Property. Concurrent with the delivery of the notice of termination, Mr. Kinn Cortez also resigned as a director of the Company.