Mr. Antony Amberg of Los Andes reports

LOS ANDES COPPER SATISFIES REMAINING OBLIGATIONS UNDER US$5 MILLION CONVERTIBLE DEBENTURE

Further to the news release dated March 18, 2026, Los Andes Copper Ltd. has issued an aggregate of 80,071 common shares of the company at a deemed price of $10.82 per common share in payment of approximately: (i) $807,009 of the principal amount of the convertible debenture (as defined below) remaining unconverted and outstanding as of the date hereof; and (ii) $59,366 of accrued and unpaid interest owing on the convertible debenture through April 7, 2026.

The common shares issued in payment for interest owing on the convertible debenture are subject to a hold period until Aug. 15, 2026, in accordance with applicable Canadian securities laws.

Following this share issuance, the company has satisfied all remaining obligations under the $5-million (U.S.) 8 per cent convertible debenture issued to Queen's Road Capital Investment Ltd. on June 2, 2021, with the full principal amount of the convertible debenture having been converted into common shares, and all accrued but unpaid interest having been paid.

About Queen's Road Capital Investment Ltd.

Queen's Road Capital is a dividend-paying, leading financier to the global resource sector. The company is a resource-focused investment company, making investments in privately held and publicly traded companies. The company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in advanced development or production located in politically safe jurisdictions.

Queen's Road Capital is listed on the Toronto Stock Exchange under the ticker QRC.

About Los Andes Copper Ltd.

Los Andes is an exploration and development company with a 100-per-cent interest in the Vizcachitas project in Chile. The company is focused on progressing the project, which is located along Chile's most prolific copper belt, into production. 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 prefeasibility study, prepared in accordance with NI 43-101, is available on the company's SEDAR+ profile.

Los Andes is listed on the TSX Venture Exchange under the ticker LA.

Qualified person

Antony Amberg, CGeol, FGS, the company's interim chief executive officer, is the qualified person who has reviewed and approved the scientific and technical information contained in this news release.

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