Los Andes Announces Closing of Private Placement

News Release Not for distribution to United States Newswire Services or for dissemination in the United States

March 8, 2011 LA:TSX-V N.R. 2011-5

LOS ANDES ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Vancouver, BC – Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX Venture Exchange: LA) is pleased to announce the Company has closed its previously announced non-brokered private placement of 2,000,000 shares priced at $0.4675 per share for gross proceeds of $935,000.

All securities issued pursuant to the private placement will be subject to a hold period of four months and one day expiring on July 5, 2011. The proceeds of the private placement will be used to fund exploration and development work on the Company’s Vizcachitas project, and for general working capital purposes.

For more information please contact:

Eduardo Covarrubias, President & CEO Tel: (56-99) 323-3156

Michael Kuta, Corporate Secretary Tel: 604-697-6201

E-Mail: [email protected] 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release