April 30, 2008
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 250,000
options to a director of the Company pursuant to the Company's stock option
plan. The options are exercisable at a price of $0.62 and expire in five
years.
After the above
mentioned option grant, there are 7,859,927 common shares reserved for
issuance, of which a total of 4,850,000 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
Michael Kuta, Corporate
Secretary Tel: 604-697-6201
E-Mail: info@losandescopper.com
Or visit our website at: www.losandescopper.com
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
adequacy or accuracy of this release.
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