Los Andes Copper Announces Conversion of US$5 Million Convertible Debenture

Core Viewpoint - Los Andes Copper Ltd. announces the conversion of a US$5,000,000 convertible debenture into common shares, effective April 8, 2026, at a conversion price of CAD$10.82 per share [1]. Group 1: Convertible Debenture Details - The total principal amount of the Convertible Debentures, including accrued interest, is US$5,043,333, which converts to CAD$6,909,366 at the current exchange rate of US$1.00:CAD1.37 [2]. - The maximum number of common shares that can be issued without further TSX Venture Exchange approval is 558,502 shares, corresponding to CAD$6,042,991 of the Conversion Amount [3]. - An additional CAD$866,375 of the Conversion Amount will be applied for conversion into 80,071 common shares, bringing the total shares issuable to 638,573 [3]. Group 2: Company Overview - Los Andes Copper Ltd. holds a 100% interest in the Vizcachitas Project in Chile, which is positioned in a major copper belt and is considered one of the largest undeveloped copper deposits in the Americas [5][6]. - The Vizcachitas Project is a copper-molybdenum porphyry deposit located 150 kilometers north of Santiago, benefiting from strong infrastructure [6].