Compañía de Minas Buenaventura S.A.A. announced that at the Board of Directors meeting held January 04,
2016, the following resolutions were approved: The acceptance of Mr. John Marsden's resignation as a member of the Company's Board of Directors due to personal matters. The nominating committee proposed and, consequently, the Board of Directors appointed Mr. William (Bill) Champion (62 years old) as a new member of the Board of Directors, effective January 04, 2016. With more than 30 years in the resource industry and extensive experience in global mining, which includes North America, South America, Australia and Europe with both open pit and underground operations, Mr. Champion will contribute significantly in Buenaventura´s growth. Mr. Champion is currently principal at Gladiator Mining Group and Director of American Sands Energy Corporation.