TORONTO, June 28, 2024 /CNW/ - Sierra Metals Inc. (TSX: SMT) (OTCQX: SMTSF) ("Sierra Metals" or the "Company") is pleased to announce the appointment of Jean Pierre Fort to the position of Chief Financial Officer, effective July 1, 2024. Mr. Fort will succeed Jose Fernandez-Baca who is retiring from the Company effective June 30, 2024.

Ernesto Balarezo, CEO of Sierra Metals, commented, "We are delighted to welcome Jean Pierre to the executive management team at Sierra Metals. Jean Pierre brings senior financial and capital markets expertise to the role, complemented by mining industry experience in both base and precious metals. Since joining the Company as head of our business development and corporate finance functions, he has been instrumental in raising our profile with capital markets while being a key member of the Company's turnaround process."

"On behalf of the entire management team and the board of directors, I would like to thank Jose for his contributions to Sierra Metals. During his time as CFO he has helped the Company achieve a significantly stronger and improved financial position. We thank him for his dedication and wish him the very best in his future endeavors," added Mr. Balarezo.

About Jean Pierre Fort

Mr. Fort brings more than a decade of financial and operational experience as Sierra Metals' incoming CFO. He joined Sierra Metals in 2023 as head of business development and corporate finance. Previously, he was chief financial officer and head of corporate development at Silver Mountain Resources Inc., where he was instrumental in leading a successful initial public offering, multiple private placements and cost reduction initiatives while establishing the company's capital markets strategy. Prior to that, he was an associate in the mining and metals investment banking team at RBC Capital Markets in Toronto and worked in finance, investor relations, and supply chain operations at Volcan Compa?ia Minera, a Peruvian-based precious and base metals producer.

Mr. Fort holds a Bachelor in Business Administration from Universidad de Lima in Peru and a Masters of Business Administration from the Rotman School of Management at the University of Toronto.

About Sierra Metals

Sierra Metals is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. The Company is intent on safely increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company has large land packages at each of its mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.