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LA.V ·

Los Andes Copper Ltd. Enters into Advisory Agreement with Spinnaker Capital Markets

Corporate Updates

News Release

July 15, 2020

N.R. 2020-06

LOS ANDES COPPER LTD. ENTERS INTO ADVISORY AGREEMENT WITH

SPINNAKER CAPITAL MARKETS

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

Venture Exchange: LA) is pleased to announc e that it has entered into a capital

markets advisory services agreement wi th Spinnaker Capital Markets Inc.

(“Spinnaker”). Spinnaker is a Toronto-based advisory firm which provides public

companies with an array of services tailored to raise capital and target and attract

institutional and retail in vestors. It is focused on developing and expanding the

network of investors, analysts and financia l intermediaries who are interested in

Los Andes.

The agreement is for an init ial term of a minimum of 3 months and provides for a

range of advisory services.

For more information please contact:

Fernando Porcile, Executive Chairman Tel: +56 2 2954-0450

Antony J. Amberg, President & CEO Tel: +56 2 2954-0450

Blytheweigh, Financial PR Tel: +44 207 138 3203

Megan Ray

Rachael Brooks

E-Mail: [email protected] or visit our website at:

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-m olybdenum 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 contained herein that are not historical facts, constitute “forward-looking information” within

the meaning of the Securities Act (British Columbia), Securiti es Act (Ontario) and the Securiti es Act (Alberta) (“Forward-Looki ng

Information”). Forward-Looking Information is often, but not al ways, 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. Mo re 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; including, without limitation, Spinnaker’s ability to raise capital, target and attract institutional and retail investors

and focus on developing and expanding the network of investors, anal ysts and financial intermediaries who are interested in Los

Andes. Such Forward-Looking Information is based upon the Co mpany’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 plan s

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 afor ementioned 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 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.