LA.V · 2020-08-21 12:00:00

Los Andes Copper Ltd. Confirms Share Consolidation Effective Date

Corporate Actions

News Release

August 21, 2020

N.R. 2020-09

LOS ANDES COPPER LTD. CONFIRMS SHARE CONSOLIDATION EFFECTIVE DATE

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

Exchange: LA) is pleased to announce today that it has received all necessary approvals for

its previously announced share consolidation (the “Consolidation”). The Consolidation will be

effective August 26, 2020 (the “Effective Date”).

The Consolidation received approval from t he TSX Venture Exchange and pursuant to the

articles of the Company, the Board of Directors of the Company has approved the

Consolidation by way of Board resolutions. The Company will consolidate its issued and

outstanding common shares (the “ Common Shares ”) on the basis of one (1) post-

Consolidation Common Share for every ten (10) pre-Consolidation Common Shares.

Currently, a total of approximately 271,658,136 pre-Consolidation Co mmon Shares of the

Company are issued and outstanding. Accordingly, upon the Effective Date, the outstanding

Common Shares of the Company will be reduced to approximately 27,165,813 post-

Consolidation Common Shares.

In connection with the Consolidation, the Company’s name and trading symbol (“LA”) will not

change.

For more information please contact:

Fernando Porcile, Executive Chairman

Tel: 56 2 2954-0450

Antony J. Amberg, President & CEO

Tel: +56 2 2954-0450

Blythweigh, Financial PR

Megan Ray

Rachael Brooks

Tel: +44 207 138 3203

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

Suite 880 – 580 Hornby Street

Vancouver, BC V6C 3B6 Canada

Phone +1.604.806.0626 Fax +1.604.684.0642

www.losandescopper.com

About Los Andes Copper Ltd.

Los Andes Copper Ltd. is an exploration and development company with an 100% interest in

the Vizcachitas copper-molybdenum porphyry project in Chile (the “Project”). The Company

is focused on progressing the Project, which is located along Chile's most prolific copper belt,

into production.

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

Certain of the information and statements cont ained 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 o ften, 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 Co mpany, or industry results, to be materially

different from any future results, performance or achievements expressed or implied by such

Forward-Looking Information; including, without limitation, completing the Consolidation on

the Effective Date and progressing the Proj ect into production. 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 condition s are changes in project parameters as plans

continue to be refined, a change in government po licies, competition, currency fluctuations

and restrictions and technological changes, among other things. Should one or more of any

of the aforementioned risks and uncertainties ma terialize, or should underlying assumptions

prove incorrect, actual results may vary materially from any conclusions, forecasts or

projections described in the Forward-Looking In formation. Accordingly, readers are advised

not to place undue reliance on Forward-Lookin g 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 Se rvices Provider (as that term is defined

in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.

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