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10 August 2022

Hochschild granted key outstanding environmental authorisation at Mara Rosa Project

Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC) (OTCQX: HCHDF) is pleased to announce that the Goiás state's environmental authority, the State Secretariat for the Environment and Sustainable Development (SEMAD), has granted the key permit to enable the Company to start construction of the processing plant and mine pre-stripping. The permit also allows construction of all the required site infrastructure for progressing the project's critical paths.

Ignacio Bustamante, Chief Executive Officer said:

"We are delighted to have received this permit which is an important milestone for the project. We can now continue development with first production on track for H1 2024. We would like to thank all the stakeholders in Brazil, including the environmental and sustainable development secretary of Goias and the state's executive government. I would also like to extend our thanks to the city of Mara Rosa, which has been very supportive of our project."

As a reminder, Hochschild will announce its Interim Results on 17 August 2022.

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Enquiries:

Hochschild Mining PLC

Charles Gordon                                                                                      +44 (0)20 3709 3264

Head of Investor Relations

Hudson Sandler

Charlie Jack                                                                                           +44 (0)207 796 4133

Public Relations

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About Hochschild Mining PLC

Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates three underground epithermal vein mines, two located in southern Peru and one in southern Argentina. Hochschild also owns the Mara Rosa Advanced Project in Brazil as well as numerous long-term projects throughout the Americas.

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Forward looking statements

This announcement may contain forward looking statements. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results, performance or achievements of Hochschild Mining PLC may, for various reasons, be materially different from any future results, performance or achievements expressed or implied by such forward looking statements.

The forward looking statements reflect knowledge and information available at the date of preparation of this announcement. Except as required by the Listing Rules and applicable law, the Board of Hochschild Mining PLC does not undertake any obligation to update or change any forward looking statements to reflect events occurring after the date of this announcement. Nothing in this announcement should be construed as a profit forecast.

Note

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (Regulation (EU) No.596/2014). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

LEI: 549300JK10TVQ3CCJQ89

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