Los Andes Copper Ltd. reported continued consistent positive results from recent drilling completed at the Vizcachitas Copper Project in Chile. The new results include 331 meters grading 0.63% Copper Equivalent (0.55 % Copper, 212 ppm Molybdenum and 1.28 g/t Silver) in hole CMV 012B on the northeastern edge of the deposit where almost no prior drilling has been completed. The results also include 122 meters grading 0.59% Copper Equivalent on the western edge of the deposit (0.55 % Copper, 223 ppm Molybdenum and 1.72 g/t Silver) in hole CMV 011.

The drill results continue to expand a Tier 1 large, advanced copper deposit, with a Pre-Feasibility Study ("PFS") in progress, in a copper market with few development projects in the pipeline and a multi-million tonne supply deficit looming. Projects like Vizcachitas are expected to be in high demand by copper producers as they advance towards the development stage to help fill the supply gap. The drill core assay results reported will be also incorporated into the new resource assessment for the PFS targeted for the fourth Quarter 2022.

Vizcachitas is a classic porphyry copper deposit in the same setting as some of the large copper mines in the world, which surround it to the north and south in Chile. Current Resources, as estimated in the Preliminary Economic Assessment (the "PEA"), which will be updated with the new drilling in 2022, are Measured Resources of 254.4 million tonnes having a grade of 0.489% copper equivalent and Indicated Resources of approximately 1.03 billion tonnes having a grade of 0.442% Copper Equivalent. Future milestones for the Company include additional drilling assay results in the coming weeks and completion of the PFS in the fourth Quarter of 2022.

Vizcachitas represents one of the few truly Tier 1 copper assets, as being a large resource in a leading jurisdiction for copper development with no major company holdings or offtake commitments. Los Andes Copper owns 100% of the Vizcachitas Project. All thicknesses from the drill hole intersections are down-hole drilled thicknesses.

True widths will be estimated as the deposit model is updated and information becomes available. Hole CMV-008 was drilled in an exploration area located on the southwestern side of the project site. The Company is preparing a filing for the Environmental Court in Chile on the issues raised in a recent injunction that suspended drilling.

Following considerable detailed work and documentation, the Company plans to submit substantial evidence to demonstrate that the drilling project can continue, in accordance with the Company's permits, with no significant negative effects to fauna and the environment. Los Andes Copper welcomes continued open dialogue with all stakeholders in a climate of mutual respect to protect the environment and maximize the value of the project.