Vancouver, British Columbia, October 2, 2023 – MANTARO PRECIOUS METALS CORP. (TSXV: MNTR; OTCQB: MSLVF; FSE: 9TZ) (the “Company”)) is pleased to announce the appointment of seasoned geologist Jacob Garland as Chief Executive Officer and director. In conjunction with Mr. Garland’s appointment, each of Darren Hazelwood and Donna Humphreys resigned as directors and officers of the Company. The Company wishes to thank them for their services and wishes them success in their future endeavors.

Mr. Garland is an exploration geologist with global experience on multiple deposit types across all development stages from countrywide target generation staking and early-stage greenfield exploration to operating mines. He has significant experience in working in remote, physically challenging conditions across the Amazon, high Andes, Arctic and North American desert regions. Mr. Garland will add significant value with actively overseeing the administration and exploration side of the Company’s projects thereby reducing overall overhead expenses of the Company. Jacob received a BSc (Hons) in Exploration and Resource Geology from Cardiff University, is a member of the Australasian Institute of Mining and Metallurgy (MAusIMM), Fellow of the Geological Society London (FGS) and Member of the Society of Economic Geologists (MSEG).

About Mantaro Precious Metals Corp.

Mantaro Precious Metals Corp. is a British Columbia company that holds a 100% interest in the high-grade Santas Gloria silver property, located in Peru.

For more information please contact:

Jacob Garland

Phone: (604) 806-0626


Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to Company’s limited operating history, ability to obtain sufficient financing to carry out its exploration programs and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations

expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.