LA Los Andes Copper Ltd

Los Andes Copper Ltd. ("Los Andes", or the "Company") (TSX
VENTURE:LA)(PINKSHEETS:LSANF) is pleased to announce that the Company has
received conditional approval from the TSX Venture Exchange ("TSXV") to
indirectly acquire non-consumptive water rights for the Rocin River (the "TBML
Transaction"), which currently runs through the Company's mining claims,
together with studies for the development of a 29 MW run of river hydroelectric
project (collectively, the "Hydro Power Project"). Los Andes has agreed to issue
to Turnbrook Mining Ltd. ("TBML") a total of 37,500,000 shares in the capital of
the Company at a deemed price of $14,450,000 or $0.39 per share in exchange for
all of the issued and outstanding shares of DK Corporation, a company
incorporated pursuant to the laws of the Bahamas, which owns all of the issued
and outstanding shares of Rocin SpA, a company incorporated pursuant to the laws
of Chile. Rocin SpA is the registered and beneficial owner of the Hydro Power
Project. The issue price per share represents a significant premium to today's
closing price.


Completion of the TBML Transaction is subject to agreement on and completion of
formal documentation, due diligence, and the approval of all governmental and
regulatory authorities, shareholders and third parties, including the approval
of disinterested Los Andes shareholders. 


The Company will be filing on SEDAR and on its website a Form of Consent and
Filing Statement setting out information concerning the TBML Transaction,
including an independent fairness opinion and summary of a valuation supporting
the value attributed to the Hydro Power Project (the "TBML Documents").
Shareholders are asked to download the TBML Documents from SEDAR or the
Company's website or provide their contact information to Los Andes at
approve@losandescopper.com in order that we may provide them with copies of the
TBML Documents. Shareholders should complete and execute the Form of Consent and
return it to the Company. Scanned versions of the Form of Consent may be sent to
approve@losandescopper.com or originals delivered or mailed to the Company's
office at Commerce Place, Suite 1950, 400 Burrard Street, Vancouver, British
Columbia Canada V6C 3A6.


Los Andes management believes that the acquisition of the Hydro Power Project
will bring a number of important benefits to the Company. At the current market
value for the Company's common shares Los Andes is effectively purchasing the
Hydro Power Project at a discount of 44% to the deemed value of $14,450,000.
Securing power at reasonable costs has become one of the key challenges for the
mining industry in Chile, and the Hydro Power Project not only has the potential
to provide a portion of the power requirements for the Company's mine, but could
also provide Los Andes with cash flow until the power is required by the
Company. Funds generated by the Hydro Power Project could also help fund the
mine's pre-construction development and other ongoing costs, and potentially
reduce the need for future dilution of the Company's shares.


About Vizcachitas

The Vizcachitas Project offers potential for a low strip, open pit operation in
an area of low elevation with excellent infrastructure, including water and
power in central Chile. The Vizcachitas deposit occurs in the same metallogenic
belt as the giant copper-molybdenum porphyries Rio Blanco-Los Bronces, Los
Pelambres and El Teniente. Based on 35,255 metres of drilling in 130 diamond
drill holes, the project contains an indicated resource of 515 million tonnes
grading 0.39% copper and 0.011% molybdenum and an inferred resource of 572
million tonnes grading 0.34% copper and 0.012% molybdenum at a 0.30% copper
equivalent cutoff. Additional information about the Vizcachitas Project is
available in the National Instrument 43-101 Technical Report prepared by AMEC
and filed by the Company on SEDAR on August 29 2008, and on our website at
www.losandescopper.com.


Antony J. Amberg, M.Sc., C.Geol., a qualified person as defined by National
Instrument 43-101, supervised the preparation of the technical information in
this news release.


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; including, without limitation, the achievement
and maintenance of planned production rates, the evolving legal and political
policies of Chile, the volatility in the Chilean economy, military unrest or
terrorist actions, metal and energy price fluctuations, favourable governmental
relations, the availability of financing for activities when required and on
acceptable terms, the estimation of mineral resources and reserves, current and
future environmental and regulatory requirements, the availability and timely
receipt of permits, approvals and licenses, industrial or environmental
accidents, equipment 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, currency
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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Los Andes Copper Ltd.
Eduardo Covarrubias
President & CEO
(56-99) 323-3156


Los Andes Copper Ltd.
Michael Kuta
Corporate Secretary
604-697-6201
info@losandescopper.com
www.losandescopper.com

Los Andes Copper (TSXV:LA)
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から 12 2023 まで 12 2024