Los Andes Copper Management Change

Executive Summary

• Santiago Montt resigns as Chief Executive Officer to become Minister of Mines for Chile’s incoming government; will assist with transition until Feb 19, 2026.
• Antony Amberg, the company’s Chief Geologist, is appointed interim CEO while the Board conducts a search for a permanent replacement.
• The leadership change is highlighted alongside remarks on the Vizcachitas project and its strategic importance to Los Andes Copper Ltd.

Key Details

• Resignation: Santiago Montt steps down as CEO effective January 20, 2026; remains in an advisory capacity through February 19, 2026 to ensure orderly transition.
• New Role: Montt has been appointed Minister of Mines for President José Antonio Kast’s incoming administration.
• Interim CEO: Antony Amberg, CGeol FGS (Chief Geologist), assumes interim CEO responsibilities immediately.
• Board Action: The Board has initiated a formal search process to identify and appoint a new permanent CEO.
• Company Commentary: Chairman Eduardo Covarrubias congratulated Montt on his ministerial appointment and praised his contributions to the Vizcachitas project.
• Outgoing CEO Statement: Montt expressed honor in serving the government, highlighted material progress at Vizcachitas, and conveyed confidence in the remaining leadership team.

Notable Quotes

“I would like to congratulate Santiago on his recent appointment as Minister of Mines… We wish him the very best on his responsibilities with Chile going forward.” – Eduardo Covarrubias, Chairman

“I have been honoured to have been asked to serve my country as Minister of Mines… I leave with immense pride in what we have accomplished and full confidence in the leadership team's ability to carry this important project forward.” – Santiago Montt, Outgoing CEO