Sierra Metals Announces the Appointment of Alberto Beeck as Advisor and Alejandro Perellón as Observer to its Board of Directors

Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to announce the appointment of Mr. Alberto Beeck as an Adviser to its Board of Directors and Mr. Alejandro Perellón as an Observer to its Board of Directors, both effective immediately. 

Alberto Beeck is an investor and entrepreneur who combines his time between different businesses and social impact activities in the education sector. He is Managing Partner of Cranley Investments Holdings, Managing Partner of VH Properties, and Chairman of Lumni (a company that invests in human capital) and of Sin Limites (a company that promotes the work of social leaders through media). Mr. Beeck also serves on the boards of Virgin Hotels, Largo Resources Ltd., Industria Works, DB Andean Towers, WE Family Offices Holdings, and Endeavor Miami. He is a member of the board of trustees of Georgetown University, founder and chairman of Georgetown’s Beeck Center for Social Impact and Innovation, and founder and former chairman of Georgetown’s Latin American Board. Mr. Beeck is a member of the Group of 50 and of the Young Presidents Organization. Until 2008, Alberto was president of Cementos Pacasmayo, a Peruvian cement production and distribution company, and executive director of Hochschild Mining Plc., a UK-listed precious metals company, with activities in several countries in Latin America and Canada. Mr. Beeck started his career in investment banking at Lehman Brothers and subsequently worked at Dillon Read, Barings, and ING Barings in New York and London, where he headed the Latin American Investment Banking Group. Mr. Beeck received his B.S. in mechanical engineering from Purdue University in 1978 and an MBA from Columbia University in 1982. He was born in Lima, Perú.

Alejandro Perellón is a Vice President with the private equity firm Arias Resource Capital Management LP (“ARCM”). Prior to joining ARCM, Mr. Perellón worked within the Latin America Investment Banking team at UBS in New York, where he focused on the metals and mining industry and advised on mergers and acquisitions, equity and debt related transactions. Mr. Perellón earned his BBA in finance from Emory University’s Goizueta Business School.

About Sierra Metals

Sierra Metals Inc. is a Canadian-based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and its Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new discoveries and still has additional brownfield exploration opportunities at all three mines in Peru and Mexico that are within or close proximity to the existing mines. Additionally, the Company has large land packages at all three mines with several prospective regional targets providing longer term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

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