Los Andes Copper Ltd. Announces Board Change

Rhea-AI Summary

Los Andes Copper announced a board change with Non-Executive Director Warren Gilman stepping down due to other business commitments. Gilman will become a Senior Advisor to the Board, remaining supportive. Chairman Eduardo Covarrubias expressed gratitude for Gilman's support and highlighted the company's advantageous position with an advanced copper deposit amid increasing demand and projected supply deficit.

Positive

• Los Andes Copper benefits from owning an advanced stage copper deposit.

• Copper demand is increasing, and a supply deficit is forecasted, positioning the company favorably.

• Warren Gilman's transition to a Senior Advisor role signifies ongoing support and continuity within the board.

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2024) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company"), announces that Non-Executive Director, Warren Gilman, is stepping down from the Board due to other business commitments. Warren will become a Senior Advisor to the Board and remains actively supportive of the Company.

Eduardo Covarrubias, Chairman of Los Andes, commented: "We would like to thank Warren for his invaluable support and time on the Board over the past three years. We are delighted that he has agreed to remain as a key Senior Advisor to the Board allowing us to continue to benefit from his extensive experience and backing."

Warren Gilman, Non-Executive Director, commented: "Los Andes Copper is in the enviable position of owning an advanced stage copper deposit at a time when copper demand is increasing, and a supply deficit is forecast. I am very pleased to continue to support the Company both personally, as a Senior Advisor to the Board, and through Queens Road Capital as it continues to progress the Vizcachitas Project."

About Los Andes Copper Ltd.

Los Andes Copper Ltd. is a development company with an 100% interest in the Vizcachitas Project in Chile. The Company is focused on progressing Vizcachitas, which is located along one of Chile's most prolific copper belts. Vizcachitas is one of the largest copper deposits in the Americas not controlled by the majors and the Company believes it will be Chile's next major copper mine.

The Project is a copper-molybdenum porphyry deposit, located 150 kilometres north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company's SEDAR profile.

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

For more information please contact:

Santiago Montt, CEO
Santiago.montt@losandescopper.com
Tel: +56 2 2954 0450

Elizabeth Johnson, Investor Relations
Elizabeth.Johnson@losandescopper.com

E-Mail: info@losandescopper.com or visit our website at www.losandescopper.com
Follow us on X: @LosAndesCopper

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207251

FAQ

Why is Warren Gilman stepping down from the Board of Los Andes Copper ?

Warren Gilman is stepping down from the Board of Los Andes Copper due to other business commitments.

What role will Warren Gilman assume after stepping down from the Board?

Warren Gilman will become a Senior Advisor to the Board of Los Andes Copper after stepping down.

What is the outlook for copper demand according to Los Andes Copper ?

Los Andes Copper foresees increasing copper demand and a supply deficit.