Minera Andes Inc.) is pleased to announce that
as a result of the Quarterly S&P/TSX index review, Standard & Poor's
Canadian Index Operations added Minera Andes to the
S&P/TSX Global Mining Index effective December 20, 2010.
Also, further to the Company's news
release of November 22, 2010 an updated technical report on the San Jose Mine
was filed on SEDAR today.
About Minera
Andes
Minera Andes is an exploration company
exploring for gold, silver and copper in Argentina with three significant
assets: A 49% interest in Minera Santa Cruz SA,
owner of the San Jose Mine in close proximity to Andean Resources' Cerro
Negro project; 100% ownership of the Los Azules
copper deposit with an inferred mineral resource of 10.3 billion pounds of
copper and an indicated resource of 2.2 billion pounds of copper; and, 100%
ownership of a portfolio of exploration properties bordering Andean's Cerro
Negro project in Santa Cruz Province. The Corporation had $10 million USD in
cash as at September 30, 2010 with no bank debt. Rob McEwen, Chairman and
CEO, owns 33% of the company.
This news release has been submitted by
Perry Ing, Chief Financial Officer of the
Corporation. For further information, please contact Jim Duff or visit our
Website: www.minandes.com.
Caution Concerning Forward-Looking
Statements:
This press release contains certain
forward-looking statements and information. The forward-looking statements
and information express, as at the date of this press release, the
Corporation's plans, estimates, forecasts, projections, expectations or
beliefs as to future events and results and management's understanding of
proposed legislative changes. Forward-looking statements involve a number of
risks and uncertainties, and there can be no assurance that such statements
will prove to be accurate. Therefore, actual results and future events could
differ materially from those anticipated in such statements. Risks and
uncertainties that could cause results or future events to differ materially
from current expectations expressed or implied by the forward-looking
statements include, but are not limited to, factors associated with
fluctuations in the market price of precious metals, mining industry risks,
risks associated with foreign operations, risks related to litigation,
property title, the state of the capital markets, environmental risks and
hazards, uncertainty as to calculation of mineral resources and reserves and
other risks.
Readers should not place undue reliance
on forward-looking statements or information. The Corporation undertakes no
obligation to reissue or update forward-looking statements or information as
a result of new information or events after the date hereof except as may be
required by law. See the Corporation's annual information form for additional
information on risks, uncertainties and other factors relating to the
forward-looking statements and information. All forward-looking statements
and information made in this news release are qualified by this cautionary
statement.
The TSX has not reviewed and does not
accept responsibility for the adequacy or accuracy of the contents of this
news release, which has been prepared by management.
Contact:
Contacts:
Minera Andes Inc.
Perry Ing
Chief Financial Officer
647-258-0395 or Toll-Free: 1-866-441-0690
647-258-0408 (FAX)
info@minandes.com
www.minandes.com
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