Los Andes Copper Ltd. Announces Sale of Royalty on Vizcachitas Project - Seite 2

• an additional US$5.8 million on the date which falls 12 months of the date of the Existing Royalty Purchase Agreement (in which case the total option price would be US$6.8 million); or
   
• at the option of Gemma, an additional US$2.5 million on the date which falls 12 months from the date of the Existing Royalty Purchase Agreement along with an additional (a) US$3.6 million on the date which falls 24 months from the date of the Existing Royalty Purchase Agreement (in which case the total option price would be US$7.1 million); or (b) US$2.3 million on the date which falls 24 months from the date of the Existing Royalty Purchase Agreement along with an additional US$1.8 million on the date which falls 30 months from the date of the Existing Royalty Purchase Agreement (in which case the total option price would be US$7.6 million).

For more information please contact:

Fernando Porcile, Executive Chairman	Tel: [phone]
Antony J. Amberg, President & CEO	Tel: [phone]
Blytheweigh, Financial PR	Tel: [phone]
Megan Ray
Rachael Brooks

E-Mail: [e-mail] or visit our website at:
www.losandescopper.com

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About Los Andes Copper Ltd.

Los Andes Copper Ltd. is an exploration and development company with an 100% interest in the Vizcachitas Project in Chile. The Company is focused on progressing the Project, which is located along Chile’s most prolific copper belt, into production.

The Project is a copper-molybdenum porphyry deposit, located 120 km north of Santiago, in an area of very good infrastructure. The Company’s Preliminary Economic Assessment (the “PEA”), delivered in June 2019, highlights that the Project has a post tax NPV of $1.8 billion and an IRR of 20.77%, based on a $3 per pound copper price. It also has a Measured Resources of 254.4 million tonnes having a grade of 0.439% copper and Indicated Resource of approximately 1.03 billion tonnes having a grade of 0.385% copper. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report dated June 13, 2019, with an effective date of May 10, 2019 and titled "Preliminary Economic Assessment of the Vizcachitas Project", prepared by Tetra Tech.