Los Andes Copper Ltd. reported further excellent results from drilling completed at the Vizcachitas Copper Project in Chile. Hole CMV-009 located near the southern edge of the current resources has returned results from 93.2 meters to 480.35 meters with a copper equivalent grade of 0.56 %, including 0.53 % copper, 62 parts per million (ppm) molybdenum and 1.5 grammes per tonne (g/t) silver. Included in this intercept is an interval from 108 meters to 260 meters, of 152 meters grading 1.00% copper equivalent.

Further drilling is planned to outline this area in detail. Hole CMV-010 located near the western edge of the previous resource model returned assay results from 430.0 meters to 807.3 meters, with 377.3 meters of 0.31 % copper equivalent. This result will be incorporated into the new resource assessment for the Pre-Feasibility Study (PFS) targeted for the fourth quarter 2022.

The drilling results indicate that the limits and the center of the Vizcachitas Porphyry Copper deposit are not yet known. A further 3,300 meters of sampled core are awaiting assay results at this time. Milestones for the Company include further drilling assay results in the weeks ahead and completion of the PFS in the fourth quarter of 2022.

Vizcachitas represents one of the truly Tier One Copper Assets with no major company holdings or offtake agreements. Drilling Results Details: 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-002 was drilled in an open shallow exploration area north of the current resource model. The deep part of the deposit in the north remains open. Holes CMV-003 and CMV-005 indicate that the shallow part of the system does not extend northward from the current resource model.

However deeper drilling in this area has good mineralization and the depth potential to the north is still untested. The Company is preparing to file detailed reports with the environmental court on the issues raised in the recent court injunction to suspend drilling. The Company is confident that the drilling project can continue, in accordance with its permits, with no significant effects to the environment and the Company welcomes continued dialogue with all stakeholders in a climate of mutual respect.