Los Andes Copper Ltd.
TSX VENTURE : LA

Los Andes Copper Ltd.

March 01, 2011 17:45 ET

Los Andes Announces a Private Placement for Up to $935,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Los Andes Copper Ltd. (TSX VENTURE:LA) ("Los Andes", or the "Company") is pleased to announce a non-brokered private placement of up to 2,000,000 shares priced at $0.4675 per share for gross proceeds of up to $935,000. The private placement is subject to acceptance by the TSX Venture Exchange.

The shares issued pursuant to the private placement will be subject to a hold period of four months from the closing date of the private placement in accordance with applicable Canadian securities laws. The proceeds of the private placement will be used to fund exploration and development work on the Company's Vizcachitas project, and for general working capital purposes.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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