Andina Copper Intersects 264m at 0.63% Cu from 36m within 504m at 0.48% Cu, Further Expands Mineralized Footprint

Andina Copper Corporation (TSX-V: ANDC | FSE: FIR | OTCQB: PMMCF) is pleased to report additional outstanding drill results from its large-scale Cobrasco Porphyry Copper-Moly Discovery in Chocó, Colombia. Andina Copper is in the early stages of a systematic, wide-spaced scout drilling programme using substantial step-outs to delineate the lateral extent and limits of this exciting new discovery.

Hole CDH010, collared from the same drill pad as CDH006 - CDH009 and drilled to the WSW, intersected a strongly mineralized upper interval commencing at 36m and extending to 540m downhole. Moderate to lower grade mineralization continues at depth to approximately 820m downhole. The hole was terminated at a final depth of 844.65m.

Hole CDH010 further extends and confirms the continuity of shallow Cu–Mo mineralization within the central portion of the Cobrasco system.

HIGHLIGHTS:

504m @ 0.48% Cu, 37ppm Mo from 36m

Incl. 264m @ 0.63% Cu, 35ppm Mo from 36m

and 36m @ 0.62% Cu from 486m

84m @ 0.40% Cu, 91ppm Mo from 660m

Incl. 44m @ 0.45% Cu, 120ppm Mo from 700m

An additional drillhole (CDH011) has been completed from the same pad as CDH006-CDH010, and multiple holes have recently been drilled from a large step-out position located 350m to the NW. Results are pending.

A mineralized footprint of approximately 1,200m by 550-700m has been delineated from the initial 10 diamond drillholes reported to date for approximately 11,000m, and the system remains wide open in multiple directions.

J oseph van den Elsen, Andina Copper President and CEO stated: “Andina Copper continues to systematically advance its wide spaced scout drilling programme, with hole CDH010 returning another high grade near surface intercept. Every hole completed from this platform has intersected long runs of shallow copper mineralization, underlining the exceptional continuity of the Cobrasco system. The drill defined footprint of the Cobrasco mineralized porphyry system now measures approximately 1,200m x 550-700m and remains open in all directions. With results from CDH011 imminent, and drilling continuing from a new platform 350m to the NW, we look forward to a continuing steady flow of results and the systematic expansion of the Cobrasco Deposit”.

Hole CDH010 was collared from the same drill pad as CDH006 - CDH009 (and subsequent hole CDH011). It was drilled WSW to bisect the wide untested area between CDH006 and CDH009 and to test the continuation of shallow mineralization previously intersected from this collar position. All holes completed thus far from this pad have intersected consistent intervals of shallow, continuous moderate to high grade Cu-Mo mineralization beginning immediately below the base of oxidation.

Hole CDH010 (Az: 260° Dip: -60º Depth: 844.65m) was the fifth hole drilled from this drill pad, designed to test approximately 410m horizontally and 735m vertically. The hole intersected a supergene-leached zone extending to approximately 36m downhole. From the base of this zone to approximately 54m downhole, moderate supergene chalcocite enrichment occurs as coatings on pyrite and chalcopyrite. Below the s...