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Major Assets Under Strong Direction

Minera Andes is a successful exploration company. We are pleased that the San José mine built upon our discovery has been successfully completed. San José has annualized production of gold 77,070 and silver of 4.9 million ounces produced in 2009. 49 percent of the value of San Jose's production is attributable to Minera Andes. We also own 100% of the Los Azules copper project in the San Juan province containing 11.2 billion lbs of copper and other exploration targets are 100% owned by Minera Andes.

San José Potential

Proven and probable ore reserves has been growing and potential exists for further increases. The San José mine and its planned expansion may mark the gradual opening of the 99,000-acre San Jose project area as an emerging mining district that hosts multiple mines. About 14 geologic targets, some close-in to the mine, are known to exist. So far, only about 15 percent of the 40 kilometres of known vein strike length have been drill-tested. A significant portion of the drill-tested strike length continues to be open at depth and laterally.

100% Ownership of One of the Largest Undeveloped Copper Projects in the World!

The Los Azules copper discovery in San Juan province is a great example of Minera Andes' skill in exploration and discovery. Since its discovery as a reconnaissance project in 2004, Minera Andes has discovered new mineralization at Los Azules each subsequent year. Los Azules is a sizeable discovery with an independently-calculated inferred mineral resource of 922 million tonnes grading 0.55 percent copper, and containing 11.2 billion pounds of copper.

Exploration

Active in two mining-friendly provinces (Santa Cruz in southern Argentina and San Juan in the north), Minera Andes has been successful in making new discoveries in silver, gold and copper. The company has numerous new discoveries in the highly prospective Santa Cruz province, an underexplored, still-emerging silver/gold region. Drilling is scheduled for three targets very similar to the San Jose discovery - quartz vein-hosted silver and gold. In San Juan with Los Azules, we are also finalizing plans for the upcoming 2009-2010 field season and expanding our known resource towards a preliminary feasibility study.