Andean Advises of Senior Management Change

Rhea-AI Summary

Andean Precious Metals (OTCQX: ANPMF, TSX: APM) announced a senior management change: President and director Yohann Bouchard will step down effective March 31, 2026.

Mr. Bouchard and the company mutually agreed to part ways; he will remain engaged in a consulting capacity to support the transition. The company thanked him for his contributions.

Positive

• Orderly transition via consulting engagement through the handover
• Director seat will be vacated with clear effective date: March 31, 2026

Negative

• Departure of President and Director could create short-term leadership gap
• Board will have a vacant director position effective March 31, 2026

Toronto, Ontario--(Newsfile Corp. - March 27, 2026) - Andean Precious Metals Corp. (TSX: APM) (OTCQX: ANPMF) ("Andean" or the "Company") announces that Mr. Yohann Bouchard and the Company have mutually agreed to part ways. Mr. Bouchard's last day as President will be March 31, 2026.

To support the transition, Mr. Bouchard will be engaged by the Company in a consulting capacity.

The Company also announces that Mr. Bouchard will step down from his role as a Director, effective March 31, 2026. Andean thanks Mr. Bouchard for his contributions and wishes him well in his future endeavours.

About Andean Precious Metals

Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolome processing facility in Potosí, Bolivia and the Golden Queen mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean's leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals producer.

For more information, please contact:

Amanda Mallough
Director, Investor Relations
amallough@andeanpm.com
T: +1 647 463 7808

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290192

FAQ

Who is leaving Andean Precious Metals (ANPMF) and when is the departure effective?

The company's President and director Yohann Bouchard is leaving, effective March 31, 2026. According to the company, the departure is by mutual agreement and coincides with his resignation from the board on that date.

Will Yohann Bouchard continue working with Andean Precious Metals (ANPMF) after March 31, 2026?

Yes. According to the company, Mr. Bouchard will be engaged in a consulting capacity to support the transition after March 31, 2026. The arrangement is intended to provide continuity while leadership changes are implemented.

What immediate board change does Andean Precious Metals (ANPMF) announce on March 27, 2026?

The company announced that Mr. Bouchard will step down from his role as a director effective March 31, 2026. According to the company, this creates an imminent board vacancy requiring future board action.

How did Andean Precious Metals (ANPMF) describe the nature of Yohann Bouchard’s departure?

Andean described the departure as a mutual agreement between Mr. Bouchard and the company, effective March 31, 2026. According to the company, they thanked him for his contributions and wished him well.

What should shareholders expect from Andean Precious Metals (ANPMF) after the president steps down?

Shareholders should expect a transition period supported by a consulting engagement with Mr. Bouchard after March 31, 2026. According to the company, the consulting role is intended to assist continuity while leadership succession is determined.