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: info@losandescopper.com or visit our website at: www.losandescopper.com

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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.

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