Los Andes Copper Announces Decision to Issue Common Shares to Satisfy Interest Payment Obligations on Convertible Debentures in the Amount of US$14 Million Page 1

Vancouver, British Columbia–(Newsfile Corp. – September 3, 2024) – Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) (“Los Andes” or the “Company”) announces that pursuant to the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight percent convertible debentures issued to Queen's Road Capital Investment Ltd. (“Queen's Road Capital”) on June 2, 2021, April 4, 2022 and September 2, 2022 respectively (the “Convertible Debentures”), the Company has resolved to issue 16,879 common shares in the capital of the Company (“Common Shares”) at a deemed price of US$6.22 (C$8.48) to Queen's Road Capital in payment for US$104,988. (C$143,066) in interest due on the Convertible Debentures.

Pursuant to the terms of the Convertible Debentures, interest will be payable quarterly at a rate of five percent in cash and three percent in shares at the greater of (i) the volume weighted average price for the 20 days prior to the interest payment date; or (ii) the discounted market price (as such term is defined in the policies of the TSX Venture Exchange (“TSX-V”)).