Los Andes Copper Ltd. announced that Santiago Montt has been appointed as the Interim CEO of the Company, effective November 1, 2022. Mr. Montt previously served the Company as its COO, in which position he has been responsible for the Company's operations in Chile. Mr. Montt is a global mining executive with vast experience in leading teams in multinational mining companies.

Prior to joining Los Andes, he spent over a decade at BHP overseeing corporate and legal affairs in the Americas, serving in different roles in Chile, Brazil, and Australia. His passion for the development of successful and responsible mining will continue to drive the Company's mission to maximize the value of the Vizcachitas Project for all its stakeholders. Mr. Montt will continue to supervise the Company's technical team led by Antony Amberg as Chief Geologist and Manuel Matta and Magin Torres as senior mining and metallurgical consultants.

This team has been working with the Company for many years and has been responsible for the development of the project being advanced with Tetra Tech in the pre-feasibility study. Mr. Montt replaces outgoing CEO and President Michael Jones, who has resigned to pursue other business opportunities.