Andina Copper Corp. press release

Andina Copper Closes Concurrent Financings for $27.5 M

2026-03-12

TSXV - TSX Venture Exchange · Financing

(TheNewswire)

| [](https://www.pampametals.com/) | | |

March 12, 2026– Vancouver, British Columbia –TheNewswire - Andina Copper Corp. (“Andina Copper” or the “Company”) (TSX-V:ANDC / FSE: FIRA / OTCQX®: PMMCF) is pleased to advise it has closed thepreviously announced non-brokered private placement pursuant to the Listed Issuer Financing Exemptionfor gross proceeds of $12,200,000, through the issue of 15,250,000 common shares at a price of $0.80 per share.Concurrently, the Company has also closed the previously announced non-brokered private placement for gross proceeds of $15,300,000 through the issue of 19,125,000 common shares at a price of $0.80 per share (refer 23 February 2026 News Release).

Finder’s fees totaling $1,062,320 were paid to Velocity Capital Partners, Haywood Securities Inc., Canaccord Genuity Corp., and others.

The Company intends to use the net proceeds to fund exploration at the Company’s Piuquenes and Cobrasco Projects, working capital and general corporate purposes.

Grant of Incentive Stock Options

The Company has granted a total of 750,000 stock options exercisable at $1.20 and of a 5-year term to certain consultants. Following this grant, the Company has 17,373,432 options outstanding, equivalent to ~6.5% of the outstanding common shares.

The Company’s Corporate Presentation is available at:Andina Copper Corporate Presentation

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| ON BEHALF OF THE BOARD

Joseph van den Elsen

President & Chief Executive Officer

joseph@andinacopper.com

Jordan Webster

VP – Technical Communications

jordan@andinacopper.com |

ABOUT ANDINA COPPER

Andina Copper Corporation is a unique South America- focused copper explorer listed on the TSX Venture Exchange (TSXV:ANDC), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges. 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.

FORWARD-LOOKING STATEMENT

This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Andina Copper expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects" and similar expressions, or that events or conditions "will" or "may" occur. These statements are subject to various risks. Although Andina Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaranteeing of future performance, and actual results may differ materially from those in forward-looking statements.

Neither the TSXV nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.

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