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LA.V ·

Los Andes Announces Extension of Current Private Placement Offering

Financings

Marine Building

Suite 1260 – 355 Burrard St,

Vancouver, BC V6C 2G8 Canada

Phone +1.604.681.2802 Fax +1.604.682.2802

www.losandescopper.com

January 13, 2017

N.R. 2017-1

LOS ANDES ANNOUNCES EXTENSION OF CURRENT PRIVATE PLACEMENT OFFERING

Not for distribution to United States Newswire Services or for dissemination in the United States

Vancouver, BC – Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX

Venture Exchange: LA) announces that it has extended the expiry date of its

previously announced private placement (see Press Release December 2,

2016). The closing date will now be on or before February 16, 2017. The Private

Placement is subject to TSX Venture Exchange approval.

For more information please contact:

Antony Amberg, President & CEO Tel: (56-22) 954-0450

Aurora Davidson, Chief Financial Officer Tel: 604-697-6207

E-Mail: [email protected] or visit our website at: www.losandescopper.com

Certain of the information and statements contained herein that are not historical facts, constitute “forward-looking informati on” within the

meaning of the Securities Act (British Co lumbia) and the Securities Act (Alberta) (“Fo rward-Looking Information”). Forward-Loo king

Information is often, but not always, identified by the use of wo rds 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, Forwar d-Looking Information involves known and unk nown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Co mpany, or industry results, to be materially different from any future results,

performance or achievements expressed or imp lied by such Forward-Looking Information; including, without limitation, the achiev ement and

maintenance of planned production rates, the evolving legal and political policies of Chile, the volatility in the Chilean econ omy, military

unrest or terrorist actions, metal and energy price fluctuations, favourable government al relations, the availability of financ ing for activities

when required and on acceptable terms, the estimation of mineral resources and reserves, current and future environmental and r egulatory

requirements, the availability and timely receipt of permits, approvals and licenses, industrial or environmental accidents, eq uipment

breakdowns, availability of and competition for future acquisition opportunities, availability and cost of insurance, labour disputes, land claims,

the inherent uncertainty of production and cost estimates, curr ency fluctuations, expectations and beliefs of management and other risks and

uncertainties, including those described in Management’s Discussion and Analysis in the Company’s financial statements. Such F orward-

Looking Information is based upon the Company ’s assumptions regarding global and Chilean economic, political and market conditi ons and

the price of metals and energy, and the Company's production. Am ong the factors that have a direct bearing on the Company’s fu ture

results of operations and financial conditions are changes in project parameters as pl ans continue to be refined, a change in g overnment

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 t o 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 Regulati on Services Provider (as that term is def ined in policies of the TSX Venture Excha nge)

accepts responsibility for the adequacy or accuracy of this release.