Original News Release
Andina appoints Earle as strategic adviser
Mr. Joseph van den Elsen reports
ANDINA COPPER APPOINTS DANIEL EARLE AS STRATEGIC ADVISOR AND ANNOUNCES PRIVATE PLACEMENT
Andina Copper Corp. has appointed Daniel Earle as a strategic adviser. Concurrently, its non-brokered private placement has been fully subscribed for gross proceeds of $3-million through the issue of 7.5 million shares at a price of 40 cents per share.
Daniel Earle -- strategic adviser
Mr. Earle has over 20 years of experience in the mining sector and mining capital markets. Mr. Earle currently serves as the president and chief executive officer of Highlander Silver, which is advancing the bonanza-grade San Luis gold-silver project in central Peru. He previously served as the president and CEO of Solaris Resources, which revitalized a dormant copper discovery in Ecuador and rapidly advanced it to the development stage while expanding its resource base nearly twentyfold. Prior to joining Solaris in 2019, Mr. Earle was a vice-president and director at a major global investment bank, covering the mining sector for more than 12 years. Mr. Earle is a graduate and scholar of the Lassonde Mineral Engineering Program at the University of Toronto.
Private placement
Concurrently, the company announces a fully subscribed non-brokered private placement of 7.5 million shares at a price of 40 cents for gross proceeds of $3-million.
Proceeds will finance continuing exploration at the Cobrasco copper-molybdenum project (Choco, Colombia) and the Piuquenes copper-gold porphyry project (San Juan, Argentina).
The anticipated closing date of the placement is Friday, Oct. 31, 2025, and is subject to Canadian Securities Exchange acceptance.
Any securities issued in connection with the placement will be subject to a four-month hold period in accordance with securities laws and the policies of the Canadian Securities Exchange, as applicable.
Grant of incentive stock options
The company has granted a total of two million stock options for a five-year term to strategic advisers, employees and consultants. Five hundred thousand are exercisable at 40 cents, 500,000 are exercisable at 45 cents, 500,000 are exercisable at 50 cents and 500,000 are exercisable at 55 cents.
Chairman Tony Manini commented: "We are delighted to welcome Dan to our team. His exceptional track record of value creation in South America with Solaris Resources and Highlander Silver, together with his extensive Canadian capital markets network and experience, will be invaluable as Andina Copper continues to develop as a leading South American-focused copper explorer holding two significant discoveries and a compelling undrilled copper-gold target along one of the world's premier copper-producing belts.
"This is an exciting time to be an Andina Copper shareholder as we advance concurrent field activities across our portfolio of high-quality copper and copper-gold discoveries. Exploration is under way at Cobrasco, and preparations are well advanced for the 2025/26 field season at the Piuquenes porphyry copper-gold project in San Juan, Argentina, where project-wide geophysics and discovery drilling is planned.
"Results from a surface sampling program recently completed to assess the potential of the Mantau copper-gold project in Antofagasta, Chile (refer to Aug. 18, 2025, news release), are also expected shortly."
About Andina Copper Corp.
Andina Copper (formerly Pampa Metals Corp.) is a unique South America-focused copper explorer listed on the Canadian Securities Exchange, Frankfurt Stock Exchange and OTC.
The company holds two significant discoveries along the world's premier copper-producing Andean porphyry belt in Argentina and Colombia and a compelling undrilled copper-gold target in the prolific copper production district of the Coastal cordillera of Chile.
We seek Safe Harbor.
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