LOS ANDES ANNOUNCES ISSUANCE OF STOCK OPTIONS
December 3, 2007
Vancouver, BC - The Board of Directors of Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX Venture Exchange: LA) has approved the issuance of a total of 2,550,000 options to directors, officers and consultants of the Company pursuant to the Company's stock option plan. The options are exercisable at a price of $0.51 and expire in five years.
Under the Company's stock option plan there are at present 7,759,927 common shares reserved for issuance, of which only 4,600,000 shares are subject to outstanding option grants.
About Los Andes
Los Andes has a majority interest in the Vizcachitas Project in Chile. Vizcachitas offers potential for a low strip, open pit operation in an area of low elevation with excellent infrastructure, including water and power in central Chile. The Vizcachitas deposit occurs in the same metallogenic belt as the large copper-molybdenum porphyries Rio Blanco-Los Bronces, Los Pelambres-El Pachon and El Teniente. Based on 68 drill holes previously completed by General Minerals Corporation and Placer Dome, the project contains an indicated resource of 232 million tonnes grading 0.46% copper and 0.014% molybdenum and an inferred resource of 619 million tonnes grading 0.38% copper and 0.013% molybdenum at a 0.30% copper cutoff. At a 0.4% cutoff, indicated resources total 144 million tonnes grading 0.52% copper and 0.015% molybdenum and inferred resources total 211 million tonnes grading 0.46% copper and 0.016% molybdenum as detailed in the NI43-101 compliant technical report of A.C.A. Howe International Limited dated February 7, 2007. The technical report, as well as additional information about the Vizcachitas Project is available on our website at www.losandescopper.com.
For more information please contact:
Roger Moss, President Tel: 416-516-6050 or
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the
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