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
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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