Dear Shareholders and Investors,

I am pleased to bring you some recent positive comments regarding Minera Andes Inc. forwarded to us by our friends at The Gold Report www.theaureport.com . I hope you take the time to review the following excerpts from interviews with top industry analysts and newsletter writers. We are very excited about the recent developments at Minera Andes' Los Azules copper deposit and our progress toward doubling prodcution at the San Jose silver/gold mine!

Regards,

Kris Kottmeier - Investor Relations

The Gold Report Interview with Louis James, Part II (09/30/08)

"The good news here is cash flow. Production is strong, and the company is starting to pay off its debt. The stock's been hammered in the market more than it deserves. The San Jose Silver Gold Project is very much a going concern, in fact the company is doubling the plant's processing capacity, and I think it will achieve its doubled production targets. That's terrific for MAI, which has been able to hold onto 49% of the project, while having a larger experienced company do all the work. It's a great deal.

And then there's the Los Azules Copper Project. Minera came out with its first resource, a base case of just under a billion tons of ..6 copper, and the market didn't even respond. At a 0.4% cut-off, that contains 9.6 billion pounds of copper. At 0.3 it's 12.9 billion pounds. This is a very significant resource. I think it's possible that Minera's JV partner, Xstrata PLC (XTA:VX), may decide to claw back into ownership of the project. If anticipated production from Los Azules were to exceed 100,000 tons/year, that would trigger an option for Xstrada to do so. Frankly, I think that would be the best scenario. If Los Azules looks like it's going to be big enough and robust enough to interest Xstrata, Minera gets a whack of cash that it can then invest in other gold and silver projects and Xstrata will do all the work building Los Azules. Hochschild will keep running San Jose, giving Minera dual streams of cash to advance its other projects. Of course, we're talking "if" with Los Azules - not so with San Jose."

Junior Mining Weekly (09/15/08)

"Last week Minera Andes announced a new NI 43-101 mineral resource on its Los Azules Cu porphyry prospect in Argentina. The independent estimate outlined an inferred mineral resource totalling 922 million tonnes grading 0.55% copper at a 0.35% Cu cutoff...mineralization remains open in all directions."

The Gold Report Interview with John Embry, Sprott Asset Management (09/12/08)

"Rob McEwen put a lot of money into Minera and they have a solid asset in South America. It remains a solid company."

Hard Rock Advisory Journal, The Gold Report Interview with David Coffin (09/05/08)

"We're telling people to buy Minera Andes Inc. (TSX.V: MAI;OTCBB:MNEAF). It has cash flow and deposit expansion. It's similar to Sherwood except it's a gold-silver project in Argentina. We like it quite a lot. We think they will be able to double their output. They are trading at around a 5 P/E ratio, which is typical for this market. This stock could easily double over the next 12 months."

The Gold Report Interview with Sean Rakhimov (07/08/08)

"There's also a company called Minera Andes that is one of my favorites. The company has been around for quite some time in Argentina. They have very good management. Rod McEwen is a large investor in the company. I like the management; I like their style; I like their execution.

They have a very large and sophisticated partner for their project that is in production, which is Hochschild Mining (HOC: LSE), a big mining company in Latin America, listed on the London Exchange actually. So, they're a 49% owner in a producing mine in San Jose, Argentina.

They've expanded the project, which (the expansion) should start operating later this year. And they paid their part of the cost of the expansion, but have not yet reaped the benefit. The expansion should double their production making them a significant producer."

This communication is in no way a recommendation to buy or sell securities. All quoted comments are third party and do not necessarily reflect the opinions of Minera Andes Inc., its directors, officers, employees nor its consultants.