Los Andes Copper Ltd. Announces Issuance of Stock Options to Management

Rhea-AI Summary

Los Andes Copper Ltd. (LSANF) has issued 40,000 options to management as part of the Stock Option Plan, exercisable at $15.00 with an expiration date of December 30, 2026. The CEO, Santiago Montt, highlighted the successful delivery of the Pre-Feasibility Study in 2023 and the company's active engagement with the community, particularly with female entrepreneurs and social organizations in Putaendo. The company continues to make progress on the Vizcachitas project and looks forward to providing further updates.

Vancouver, British Columbia--(Newsfile Corp. - January 18, 2024) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces the issuance of a total of 40,000 options to management of the Company in accordance with the Company's Stock Option Plan. In line with the progress of the Company's Vizcachitas project, the options are exercisable at a price of $15.00 and have an expiration date of December 30, 2026.

Santiago Montt, CEO of Los Andes, commented: "The delivery of the Pre-Feasibility Study in 2023, which demonstrated a technically and economically robust project as well as highlighting a number of potential optimisations, was a major milestone for the Company.

We have also continued to be very active in reinforcing our relationship with the community and have had particular success with our program with female entrepreneurs as well as working with a number of social organizations in Putaendo with a focus on local development.

Work continues at both the Project level and on the social engagement side and we look forward to providing further updates in due course."

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/194715

FAQ

What is the ticker symbol for Los Andes Copper Ltd.?

The ticker symbol for Los Andes Copper Ltd. is LSANF.

How many options were issued to management?

A total of 40,000 options were issued to management.

At what price are the options exercisable?

The options are exercisable at a price of $15.00.

What is the expiration date for the options?

The options have an expiration date of December 30, 2026.

What milestone did the Pre-Feasibility Study in 2023 demonstrate?

The Pre-Feasibility Study demonstrated a technically and economically robust project for Los Andes.

What social engagement activities has the company been involved in?

The company has been actively engaged with female entrepreneurs and social organizations in Putaendo, focusing on local development.