Los Andes Copper Ltd. (TSXV:LA)is very pleased to announce the results of drill holes V2017-04, V2015-08Ex (extension of last year’s V2015-08) and V2017-05. Following the results already published for the 2017 campaign, these results not only further support the presence of higher grade mineralization in the project’s central core, but extend presence of high grade mineralization to the north of the existing central core, to areas categorized as either waste or low grade in the old geological model.

The key results from these holes are:

V2017-04:

  • 90.0 m @ 0.51 % Cu, 127 ppm Mo and 1.6 g/t Ag (0.56 % CuEq) from 92.0 m downhole

    Including:

    30.0 m @ 0.60 % Cu, 121 ppm Mo and 1.8 g/t Ag (0.65 % CuEq) from 142.0 m downhole

V2015-08Ex:(from last year’s bottom of 725.5 metres)

  • 26.0 m @ 0.50 % Cu, 441 ppm Mo and 1.1 g/t Ag (0.62 % CuEq) from 804.0 m downhole
  • 28.0 m @ 0.53 % Cu, 361 ppm Mo and 1.0 g/t Ag (0.64 % CuEq) from 946.0 m downhole

V2017-05:

  • 28.0 m @ 0.55 % Cu, 234 ppm Mo and 0.9 g/t Ag (0.62 % CuEq) from 170.0 m downhole
  • 48.0 m @ 0.55 % Cu, 248 ppm Mo and 1.1 g/t Ag (0.63 % CuEq) from 212.0 m downhole
  • 18.0 m @ 0.53 % Cu, 151 ppm Mo and 1.2 g/t Ag (0.58 % CuEq) from 286.0 m downhole
  • 22.0 m @ 0.53 % Cu, 179 ppm Mo and 1.4 g/t Ag (0.59 % CuEq) from 368.0 m downhole
  • 80.0 m @ 0.53 % Cu, 285 ppm Mo and 1.9 g/t Ag (0.63 % CuEq) from 798.0 m downhole

    Including:

    36.0 m @ 0.59 % Cu, 183 ppm Mo and 2.1 g/t Ag (0.66 % CuEq) from 840.0 m downhole

Cautionary Statement: All thicknesses from intersections from drill holes are down-hole drilled thicknesses. True widths cannot be determined from the information available.

Background

Historical drilling was carried out on the Vizcachitas project in three exploration campaigns during 1993, 1996/1997 and 2007/2008. However, the higher grade central core had only been drilled in the 1990’s campaigns and with generally shallower drill holes, therefore not properly reflecting the potential of this core area.

During 2014, a complete review of the historical information was performed to better understand the project, including re-logging all of the 146 drill holes located within the property. The re-logging was led by Gonzalo Saldias, a Chilean geologist and one of the most recognized experts in Chilean porphyry systems. This detailed review showed that the historical logging and geological model had not properly identified the importance of the higher grade early diorite porphyry and hydrothermal breccias. The re-logging showed that these higher grade geological units extend over a distance of 1,400 metres north-south and 700 metres east-west. The mapping showed that these breccias have grades increasing with depth and demonstrates the potential for higher grades below the historical drilling.

In 2015, Los Andes began a drill program to confirm a new geological model and to demonstrate the extent of the central core mineralisation. A first stage of this exploration campaign was completed in 2015/2016, with eight diamond drill holes totaling 3,661 metres. During 2017, Los Andes has carried out a second stage of this campaign with the purpose of demonstrating the northern and southern extension of the high grade core.

Location of Drill Holes:

Hole Easting Northing Elevation

(metres)

Azimut

(degrees)

Inclination

(degrees)

Final depth

(metres)

V2017-01 365,778 6,413,544 2,003 110 -60 (69.90) Abandoned
V2017-01A 365,786 6,413,534 2,003 105 -60 851.25
V2017-02 366,278 6,413,255 2,090 290 -65 1,030.60
V2017-03 365,936 6,413,856