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Los Andes Copper Restructures the Board with the Appointment of Corinne Boone as Non-Executive Director and the Nomination of Warren Gilman for Election at the Next Annual General Meeting

Management Changes Shareholder Meetings

Los Andes Copper Restructures the Board

with the Appointment of Corinne Boone as

Non-Executive Director and the Nomination of

Warren Gilman for Election at the Next Annual

General Meeting

Vancouver, British Columbia--(Newsfile Corp. - May 10, 2021) - Los Andes Copper Ltd. (TSXV: LA)

("Los Andes" or the "Company") is pleased to announce a restructuring of its Board of Directors,

including the creation of an Environmental, Social and Governance ("ESG") Committee. The Company

has appointed, with immediate effect, Corinne Boone as a Non-Executive Director.

As previously

announced, the Company also intends to nominate Warren Gilman to stand for election as a non-

executive director at the Company's next annual general meeting.

Ms. Boone will join the Board as an independent Non-Executive Director and will create and Chair the

Board's ESG Committee.

Corinne Boone has more than 25 years of experience focused on sustainable business, climate risk,

carbon markets and executive leadership.

Currently, Ms. Boone is Board Chair of the Canadian Energy Research Institute (CERI), an organisation

focused on energy sector research and analysis. In addition, she is CEO of Climate and Sustainable

Innovation, a boutique consultancy focusing on sustainable finance; carbon markets and pricing; and

overall ESG considerations. She is on the Board of Efficiency One, a leading energy efficiency

enterprise. She also sits on the Alternative ESG Fund Independent Review Committee for Waratah

Capital Advisors. She formerly held the role of Managing Director of Hatch's Environmental Services

Group and was globally responsible for environment, community engagement and investment, climate

change, overall sustainability, and annual corporate sustainability reporting. Ms. Boone also formerly

held the role of Managing Director, CantorCO2e, a Cantor Fitzgerald subsidiary, focused on global

carbon markets.

Ms. Boone is a Certified Corporate Director and holds a Master of Environmental Studies from York

University and a Bachelor of Arts from St. Thomas University.

Warren Gilman has over 30 years of experience as a deal maker and investor in the metals and mining

sector. Mr. Gilman was a founder of the Canadian Imperial Bank of Commerce ("CIBC") Global Mining

Team in Toronto in 1988. He subsequently led the team's efforts out of Australia and China. During his

time with CIBC, he was responsible for some of the largest equity capital markets financings in

Canadian mining history. He served as advisor to the largest mining companies in the world including

BHP, Rio Tinto, Anglo American, Noranda, Falconbridge, Meridian Gold, China Minmetals, Sumitomo,

Mitsubishi, Jinchuan and Zijin.

From 2011 to 2019, Mr. Gilman led CEF Holdings Ltd., a global mining investment company, owned

50% by CIBC and 50% by Hong Kong-based CK Hutchison Holdings Ltd. In 2019, Mr. Gilman founded,

and is Chairman and CEO of, Toronto-listed Queen's Road Capital Investment Ltd.("QRC"), a leading

financier to the global resource sector. QRC is a resource-focused investment company, making

investments in privately held and publicly traded resource companies with a focus on convertible debt

securities.

Mr. Gilman currently serves as a director of Gold Royalty Corp. (gold-focused royalty company), NexGen

Energy Ltd (uranium in Saskatchewan), Chaarat Gold Holdings (gold in Asia) and Aurania Resources

(gold and copper in Ecuador).

Mr. Gilman obtained his B.Sc. in Mining Engineering at Queen's University and his MBA from the Ivey

Business School at Western University. He is Chairman of the International Advisory Board of Western

University and a member of the Dean's Advisory board of Laurentian University.

Fernando Porcile, Executive Chairman of Los Andes, commented:

"We are very excited to welcome Corinne and Warren to the Board. Their invaluable insight and

experience acquired over decades of leadership roles in ESG, global metals and mining financing and

investment will help guide and support Los Andes as we advance the Vizcachitas Project through

development."

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

Megan Ray

Rachael Brooks

Tel: +44 207 138 3203

E-Mail:

[email protected]

or visit our website at:

www.losandescopper.com

Follow us on twitter

@LosAndesCopper

Follow us on LinkedIn

Los Andes Copper Ltd

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, Los Andes ability to raise capital, target and attract institutional and retail investors and

focus on developing and expanding the network of investors, analysts and financial intermediaries

who are interested in Los Andes. 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/83389