Los Andes Copper Provides Update On Environmental Approval

VANCOUVER - Los Andes Copper Ltd. has been informed that the Court of Appeals of Valparaiso - the Region where the Company’s Vizcachitas Project is located - has granted a motion against the Servicio de Evaluacion Ambiental (Environmental Evaluation Service, SEA), in which the Court instructs the SEA to conduct a public consultation process before finalizing the evaluation process of the environmental permit for the upcoming drilling in the Project.

While the Company is not a party to this dispute, this ruling affects the timing of the upcoming drilling as the SEA may move to conduct the public consultation process as instructed by the Court of Appeals and/or may appeal the ruling before the Supreme Court.

The Company estimates that the timing for the drilling campaign will depend on the actions that the SEA takes and their outcome, which could delay the planned drilling at Vizcachitas by an estimated six to eight months and ultimately, the completion of the Pre-Feasibility Study (PFS).