Great Assets. Strong Growth Potential

Minera Andes is a successful exploration company that receives income from a discovery made by its geologists. We are pleased that an expansion of the San Jose mine built upon our discovery has been successfully completed and that annualized production of gold (54,000 ounces produced in 2008) and silver (4.4 million ounces produced in 2008) is expected to increase significantly in 2009. Minera Andes receives 49 percent of the value of San Jose's production.

Open-Ended Potential

Proven and probable ore reserves grew by 100 percent in 2007, and potential exists for further increases. The San Jose mine and its planned expansion may mark the gradual opening of the 99,000-acre San Jose project area as an emerging mining district hosting 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 kilometers 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.

A New Frontier for Copper

The Los Azules copper discovery in San Juan province is a great example of Minera Andes' skill at grassroots exploration and discovery. Since its discovery as a reconnaissance project in 2004, Minera Andes has discovered new mineralization at Los Azules in each subsequent year. Los Azules is emerging as a sizeable discovery. It fits Minera Andes' business plan of exploration, discovery, development via partnership, production and profit sharing.

Exploration

Active in two mining-friendly provinces, Minera Andes has been successful in making new discoveries in silver, gold and copper. The company has numerous new discoveries in 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.

111 East Magnesium Road; Ste. A Spokane, WA USA 99208 Telephone: (509) 921-7322 Fax: (509) 921-7325

911 - 470 Granville Street Vancouver, BC Canada V6C 1V5 Telephone: (604) 689-7017 Fax: (604) 669-7003 Toll Free: 877-689-7018