Minera Andes outlines 2007 San Jose Mine exploration program - includes 38,228 meters of drilling

    TSX: MAI

    SPOKANE, WA, March 1 /CNW/ - Minera Andes Inc. (TSX: MAI and US OTC:
MNEAF) is pleased to report on the 2007 exploration program for the San José
Mine where gold and silver production is scheduled to start in the second
quarter of 2007 under the management of our operating partner, Hochschild
Mining plc (HOC.L Reuters, HOC.LN Bloomberg, London Stock Exchange). An
aggressive program has been approved by the joint venture partners consisting
primarily of adding new reserves/resources by drilling along trend of existing
reserves and drilling to test new targets at the San José project. A total of
14 targets will be drilled (see table below).
    The goal of the drilling program is to add new reserves and resources,
and to identify new veins that will increase mine life and facilitate the
expansion of production at the San José project.

              Table - Planned 2007 Drilling Program
                                 Number of           Meters of
    Vein Target                Drill holes            Drilling
    Frea SW                             32              10,638
    Frea SE                             27               7,605
    Frea-Ramal                           4               1,000
    Frea                                 4               1,000
    Frea NE                              6               1,500
    Ayelen                              15               3,300
    Odin (A and B)                      20               4,055
    Pluma Sur                            6               1,500
    Huevos Verdes                        4               1,000
    Kospi (l and Sur)                   11               2,750
    Frigga                               4               1,000
    Aguas Vivas                         12               2,880
    Total                              145              38,228

    During the past two years four new vein systems have been discovered
outside of the existing reserves by drilling geophysical and geologic targets
at the San José project. A total of 40 kilometers of vein trend has been
identified on the property including over 5 kilometers of geophysical targets
(see attached map at http://files.newswire.ca/530/map.pdf). Extensive drilling
has been conducted on only 10% or about 4 km of veins that make up the reserve
and resource base for the imminent startup of the San José mine.
    The current program, managed by our operating partner Hochschild Mining
Argentina Corporation, a subsidiary of Hochschild Mining plc ("Hochschild"),
will consist of exploration and the drilling of approximately 145 holes
totaling 38,228 meters (see table for summary). The budgeted program will cost
approximately $4 million and start with drilling the southern and northern
extensions of the Frea vein. Currently the Frea vein makes up approximately
50% of the reserves on property and has only been explored for about 0.5 km of
strike length. Over half of the drilling program will concentrate on different
parts of the Frea vein.
    Allen V. Ambrose, president of Minera Andes said, "The exploration
program at San José has been highly successful in discovering new silver and
gold veins. Using geophysics to identify vein targets by looking through areas
covered by overburden we have had excellent success drilling these targets and
finding new veins. The large drilling program underway has significant
potential to make additional silver and gold discoveries on the property."
    Our partner Hochschild has over forty years experience in the
exploration, evaluation and extraction of precious metal epithermal vein
deposits in South America. In addition, they have extensive experience in
underground mining and operate three underground epithermal vein mines located
in southern Peru that are geologically similar to the San José project.

    Minera Andes is a gold, silver and copper exploration company working in
Argentina. The Corporation holds about 440,000 acres of mineral exploration
land in Argentina including the co-owned San José/Huevos Verdes silver/gold
project now under construction for production and cash flow by mid-2007.
Minera Andes is also exploring the Los Azules copper project in San Juan
province, where drilling is underway to define a resource. Other exploration
properties, primarily gold and silver, are being evaluated in southern
Argentina. The Corporation presently has 157,239,415 issued and outstanding

    This news is submitted by Allen V. Ambrose, president and director of
Minera Andes Inc.

    For further information, please contact Art Johnson at the Spokane
office, or Krister A. Kottmeier, investor relations - Canada at the Vancouver
office. Visit our web site: www.minandes.com.

    FORWARD-LOOKING STATEMENTS: This press release contains certain
"forward-looking statements," including, but not limited to, the statements
regarding the Company's strategic plans, evolution of mineral resources and
reserves, work programs, development plans and exploration budgets at the
Company's San José Project.
    The forward-looking statements express, as at the date of this press
release, the Company's plans, estimates, forecasts, projections, expectations
or beliefs as to future events and results. Forward-looking statements involve
a number of risks and uncertainties, and there can be no assurance that such
statements will prove to be accurate. Therefore, actual results and future
events could differ materially from those anticipated in such statements.
Risks and uncertainties that could cause results or future events to differ
materially from current expectations expressed or implied by the
forward-looking statements include, but are not limited to, factors associated
with fluctuations in the market price of precious metals, mining industry
risks, risks associated with foreign operations,, environmental risks and
hazards, uncertainty as to calculation of mineral reserves and other risks.
Neither Hochschild Mining plc nor its subsidiaries accept responsibility for
the use of project data or the adequacy or accuracy of this release.

For further information:

For further information: Spokane Office, 111 East Magnesium Road, Ste.
A, Spokane, WA, 99208, USA, Phone: (509) 921-7322, E-mail: info@minandes.com;
Vancouver Office, 911-470 Granville Street, Vancouver, B.C., V6C 1V5, Phone:
(604) 689-7017, (877) 689-7018, E-mail: ircanada@minandes.com

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