Sierra Metals begins trading activities on the Lima Stock Exchange

Sierra Metals Begins Trading on Lima Stock Exchange

Sierra Metals Inc(TSX:SMT | OTCQX:SMTSF | BVL:SMT) (Sierra Metals or the Company) announces that effective June 28, 2024, the Company's common shares will begin trading on the Bolsa de Valores de Lima (BVL or the Lima Stock Exchange) under the symbol BVL:SMT.

Mr. Ernesto Balarezo, CEO of Sierra Metals, said: “We are pleased to list our common shares on the Lima Stock Exchange, allowing Sierra Metals to increase its investor exposure and liquidity potential by accessing the Nuam exchange. , which is an agreement between the Chilean, Colombian and Peruvian markets; allowing investment funds, institutions and individual investors to participate in the growth of the company. »

About the Lima Stock Exchange

The Lima Stock Exchange (BVL), now a subsidiary of Nuam Exchange, is the first regional integration of stock exchanges, bringing together the Chilean, Colombian and Peruvian markets. The main objective of the BVL is to facilitate the trading of securities listed on stock exchanges, by providing services, systems and mechanisms for fair, competitive, orderly, continuous and transparent intermediation.

About Sierra Metals

Sierra Metals is a Canadian mining company focused on copper production with additional credits for base and precious metal by-products at its Yauricocha mines in Peru and Bolivar mines in Mexico. The Company intends to safely increase production volume and expand mineral resources. Sierra Metals has recently made several key new discoveries and has many more exciting brownfield exploration opportunities in Peru and Mexico, in close proximity to existing mines. Additionally, the Company has extensive land holdings at each of its mines with several potential regional targets offering longer-term exploration potential and mineral resource growth potential.

Forward-Looking Statements

This press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or the anticipated performance of Sierra and reflects management's expectations or beliefs regarding such future events and anticipated performance based on an assumed set of economic conditions and courses of action. In some cases, statements containing forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words, phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these words or comparable terminology. By its very nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Sierra's actual performance to be materially different from any anticipated performance expressed or implied by such forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company's Annual Information Form dated March 15, 2024 for its financial year ended December 31, 2023 and other risks identified in the Company's filings with Canadian securities regulatory authorities, which are available at: www.sedarplus.ca.

The risk factors discussed above are not an exhaustive list of factors that could affect the Company's forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company's actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company's statements containing forward-looking information are based on the beliefs, expectations and opinions of management as of the date the statements are made, and the Company undertakes no obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, unless required by applicable law. For the reasons stated above, undue reliance should not be placed on forward-looking information.

For more information about Sierra Metals, please visit www.sierrametals.com or contact:

Investor Relations

Sierra Metals Inc.

+1 (866) 721-7437

[email protected]

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