Los Andes Copper Ltd.
TSX VENTURE : LA

Los Andes Copper Ltd.

March 08, 2011 17:15 ET

Los Andes Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 8, 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 the Company has closed its previously announced non-brokered private placement of 2,000,000 shares priced at $0.4675 per share for gross proceeds of $935,000.

All securities issued pursuant to the private placement will be subject to a hold period of four months and one day expiring on July 5, 2011. 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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