Los Andes Copper Ltd. reported excellent initial results from Hole CMV-001B and aggregate of 732 meters ("m") with estimated average grade of 0.51% Copper Equivalent. The average grades include 0.51% Copper and 160 parts per million ("ppm") Molybdenum from 64m to 820m down the hole. Assay grades for the interval reported for silver are still pending, as are the values from 820m down the hole to end of hole at 1,265.15m.

Drilling is continuing with four drill rigs at Vizcachitas with the objectives of expanding the resources within the open pit designs and to explore the deposit below the boundaries of the open pit designed in the Preliminary Economic Assessment, (PEA, 2019). The current Phase 1 drill program will expand from four to five drill rigs with 18,000m of drilling planned. The full Phase 1 drill program consists of 30,000m of drilling with potential for further expansion.

The details of Hole CMV-001B are shown in the table below. Unfortunately, a zone of lost core at 156m to 180m adjacent to high grades resulted in this area not being representative and properly assayed. These meters are not included in the overall average at this time.

A twin hole to Hole CMV-001B will be drilled and these meters will be assayed to add to the overall grade thickness assessment. The final average from 64m to End of Hole will be reported as assays are available. The area immediately west of Hole CMV-001B is largely open and drilling is underway with two machines.

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 available. The ongoing drilling program is targeting areas on all sides of the current resource, including an area in the southern region where previous drilling resulted in resource grades at approximately 150 meters.