Andina Copper Upsizes LIFE Offering and Concurrent Financing to an Aggregate of $27.5 m

(TheNewswire)

February 23, 2026 – Vancouver, British Columbia –TheNewswire - AndinaCopper Corp. (“Andina Copper” or the “Company”) (TSX-V:ANDC /FSE: FIRA / OTCQX®: PMMCF) is pleased to advise it has upsized thepreviously announced non-brokered privateplacement pursuant to the Listed IssuerFinancing Exemption under Part 5A of National Instrument45-106- ProspectusExemptions to gross proceeds of $12,200,000 (the“LIFE Offering”), through the offering of 15,250,000 common sharesin the capital of the Company  (each, a “LIFE Share”) at a priceof $0.80 per share.  

Concurrent with the upsized LIFE Offering, the Companyis pleased to also advise it has upsized the previously announcednon-brokered private placement for gross proceeds of $15,300,000 (the“Concurrent Financing” and together with the LIFE Offering, the“Offerings”), through the offering of 19,125,000 common shares inthe capital of the Company (each, a “Non-LIFE Share”) at a priceof $0.80 per share.

The Offerings have been upsized to partially fillinvestor demand. The Company may pay finder’s fees of up to 6%cash.

The Non-LIFE Shares may be offered to purchasersresident in Canada pursuant to applicable prospectus exemptions, otherthan the Listed Issuer Financing Exemption, in accordance withapplicable laws, and may also be offered in other qualifyingjurisdictions outside of Canada on a private placement basis pursuantto relevant prospectus or registration exemptions in accordance withapplicable laws. Any securities issued under the Non-LIFE Offering topurchaser’s that are residents in Canada will be subject to a holdperiod in accordance with applicable Canadian securities laws,expiring four months and one day following the issue date of theNon-LIFE Shares. 

The LIFE Shares will be offered to purchasers pursuantto the Listed Issuer Financing Exemption, in each of the Provinces ofCanada except Quebec. The LIFE Shares will not be subject to aCanadian hold period in accordance with applicable Canadian securitieslaws.

The Company intends to use the net proceeds from theOfferings to fund exploration at the Company’s Piuquenes andCobrasco Projects, working capital and general corporate purposes, asmore specifically described in the offering document. The LIFEOffering is scheduled to close on or around March 11, 2026.  The LIFEOffering remains subject to certain conditions customary fortransactions of this nature, including, but not limited to andcompliance with TSX Venture Exchange policies.

An amended and restated offering document related tothe LIFE Offering that will be made available under the Company'sprofile on SEDAR+ at www.sedarplus.com. Theamended and restated offering document will also be made available onthe Company’s website at www.andinacopper.com.  Prospective investors of the LIFE Shares should read theOffering Document before making an investment decision.

The securities to be offered have not been, and willnot be, registered under the U.S. Securities Act of 1933, as amended(the "U.S. Securities Act") or any U.S. state securitieslaws, and may not be offered or sold in the United States or to, orfor the account or benefit of, United States persons absentregistration or any applicable exemption from the registrationrequirements of the U.S. Securities Act and applicable U.S. statesecurities laws. This news release shall not constitute an offer tosell or the solicitation of an offer to buy securities in the UnitedStates, nor shall there be any sale of these securities in anyjurisdiction in which such offer, solicitation or sale would beunlawful.

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

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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’spremier copper producing Andean porphyry belt in Argentina andColombia, and a compelling undrilled copper-gold target in theprolific copper production district of the Coastal Cordillera ofChile.

FORWARD-LOOKING STATEMENT

This news release contains certain statements that maybe deemed "forward-looking statements". All statements inthis release, other than statements of historical fact, that addressevents or developments that Andina Copper expects to occur, areforward-looking statements. Forward-looking statements are statementsthat 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.  AlthoughAndina Copper believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guaranteeing of future performance, and actualresults may differ materially from those in forward-lookingstatements.

Neither the TSXV nor the Canadian Investment RegulatoryOrganization accepts responsibility for the adequacy or accuracy ofthis release.

NOT FOR DISTRIBUTION TO U.S.NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANYFAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OFU.S. SECURITIES LAWS.

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