Los Andes Copper Announces Expansion of Land Package

Rhea-AI Summary

Los Andes Copper (TSXV: LA) (OTCQX: LSANF) has expanded its land package for the Vizcachitas copper project in Chile by securing first-priority exploration claims over new areas. The expansion includes an 18 square kilometer block within the current property boundary and a 7 square kilometer block adjacent to the north-east corner.

The 18km² block covers higher ground bordering the Vizcachitas deposit to the southeast, near mineralized extensions identified in the 2023 drill program. Following a February 12, 2025 ruling, the cancellation of existing exploitation claims was certified on March 5, 2025, and recorded on April 1, 2025.

This expansion has increased the company's total land package to 474.4 square kilometers, with the new areas featuring highly prospective geology that could provide additional upside potential for the project.

Positive

• Expanded total land package by 25km² with first-priority exploration claims
• New claims located in highly prospective geological areas
• Strategic expansion near previously identified mineralized extensions from 2023 drill program

Negative

• None.

News Market Reaction

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-0.22% News Effect

On the day this news was published, LSANF declined 0.22%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - April 3, 2025) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce that the Company has expanded its land package by obtaining first-priority exploration claims over new areas within and adjacent to the current property boundaries for Los Andes' Vizcachitas copper project in Chile ("Vizcachitas").

The claims cover an 18 square kilometer ("km²") block within the current property boundary, and another 7km² block adjacent to the north-east corner of the property boundary, as shown in Figure 1.

Figure 1: Historical and New Mining Claims at the Vizcachitas project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/916/247211_0d6be588b470c984_002full.jpg

The 18km² block within the current property boundary covers the higher ground bordering the Vizcachitas deposit to the southeast, near the mineralized extensions identified in the 2023 drill program.

Following the ruling made on February 12, 2025, the cancellation of the existing exploitation claims was certified by the Court in Putaendo on March 5, 2025, and recorded in the Putaendo Mine Registration Office on April 1, 2025.

Santiago Montt, CEO of Los Andes, commented: "We are very pleased to have expanded our land package to have first-priority exploration claims over a new combined area of 25km². These additional new claims have increased our total land package to 474.4km². This new ground has highly prospective geology, providing further potential upside for the Vizcachitas project and the Company."

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. Vizcachitas is one of the largest copper deposits in the Americas not controlled by the majors and the Company believes it will be Chile's next major copper mine.

The Project is a copper-molybdenum porphyry deposit, located 150 kilometers north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company's SEDAR profile.

Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.

Qualified Persons

Antony Amberg CGeol FGS, the Company's Chief Geologist, is the qualified person who has reviewed and approved the scientific and technical information contained in this news release.

For more information please contact:

Santiago Montt, CEO
santiago.montt@losandescopper.com
Tel: +56 2 2954-0450

Elizabeth Johnson, Investor Relations
Elizabeth.johnson@losandescopper.com

E-Mail: info@losandescopper.com or visit our website at: www.losandescopper.com
Follow us on twitter @LosAndesCopper
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Certain of the information and statements contained herein that are not historical facts, constitute "forward-looking information" within the meaning of the Securities Act (British Columbia), Securities Act (Ontario) and the Securities Act (Alberta) ("Forward-Looking Information"). Forward-Looking Information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend"; statements that an event or result is "due" on or "may", "will", "should", "could", or might" occur or be achieved; and, other similar expressions. More specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such Forward-Looking Information. Such Forward Looking Information includes, without limitation, the timing of and ability to obtain TSX-V and other regulatory approvals and the prospects, details related to and timing of the Vizcachitas Project. Such Forward-Looking Information is based upon the Company's assumptions regarding global and Chilean economic, political and market conditions and the price of metals and energy and the Company's production. Among the factors that have a direct bearing on the Company's future results of operations and financial conditions are changes in project parameters as plans continue to be refined, a change in government policies, competition, currency fluctuations and restrictions and technological changes, among other things. Should one or more of any of the aforementioned risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the Forward-Looking Information. Accordingly, readers are advised not to place undue reliance on Forward-Looking Information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Information, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247211

FAQ

How many square kilometers did Los Andes Copper (LSANF) add to its Vizcachitas project in April 2025?

Los Andes Copper added 25 square kilometers total - an 18km² block within the property boundary and a 7km² block adjacent to the north-east corner.

What is the new total land size of LSANF's Vizcachitas copper project after the April 2025 expansion?

After the expansion, Los Andes Copper's total land package increased to 474.4 square kilometers.

Where are the new exploration claims located in LSANF's Vizcachitas project?

The new claims include an 18km² block within the current property boundary near the southeast mineralized extensions, and a 7km² block adjacent to the north-east corner.

When did Los Andes Copper (LSANF) receive certification for the exploitation claims cancellation?

The exploitation claims cancellation was certified by the Court in Putaendo on March 5, 2025, following a February 12, 2025 ruling.