LA Los Andes Copper Ltd

Los Andes Copper Ltd. ("Los Andes" or the "Company") (TSX VENTURE:LA)(PINK
SHEETS:LSANF) is pleased to announce that the Company has completed the
consolidation of the Vizcachitas property (see the Company's news releases dated
September 29, 2010 and November 30, 2010), and a private placement financing in
the amount of approximately $2.6 million. In addition, Los Andes announces that
Messrs. Eduardo Covarrubias, Pedro Covarrubias and Gonzalo Delaveau have joined
the Company's board of directors.


Consolidation of Vizcachitas

Los Andes has completed the acquisition (the "TBC Transaction") from Turnbrook
Corporation ("TBC") of all of the issued and outstanding securities of Gemma
Properties Group Limited ("GPGL"). GPGL owns 99 of the 100 issued and
outstanding shares of Inversiones Los Patos S.A. ("Los Patos"). The owner of the
remaining share in Los Patos has also transferred that share to Los Andes. Los
Patos is the legal and beneficial owner of 49% of the issued and outstanding
shares of Sociedad Legal Minera San Jose Uno de Lo Vicuna, El Tartaro y Piguchen
de Putaendo (the "SLM"), and the SLM is the legal and beneficial owner of the
mining concessions (the "SJ Concessions") that form the central portion of the
Vizcachitas property. With the remaining 51% of the SLM which is already
beneficially owned by the Company, the entire resource contained in the
Vizcachitas property is now under unified ownership, and Los Andes is in a
position to take the steps necessary for the property's ultimate development.


In accordance with the terms and conditions of the TBC Transaction, Los Andes
issued to TBC 35,000,000 common shares in the capital stock of Los Andes at a
deemed price of $0.15 per share, together with 13,000,000 warrants to purchase
Los Andes common shares, exercisable at a price of $0.15 per share to December
21, 2013. All shares issued to TBC, including those shares issuable on exercise
of the warrants, are subject to a hold period from the date of issuance to April
22, 2011.


Closing of Private Placement Offering

Concurrently with the TBC Transaction, Los Andes also closed a private placement
financing (the "Financing") in the amount of approximately $2.6 million through
the issuance of 17,333,333 common shares at a price of $0.15 per share. The
shares issued pursuant to the Financing are also subject to a hold period from
the date of issuance to April 22, 2011. The proceeds from the Financing will be
used for repayment of debt, a final water rights payment, exploration,
advancement of the Company's scoping study and general working capital purposes
(see the Company's Filing Statement dated November 18, 2010 on www.sedar.com).


Los Andes now has a total of 145,932,599 shares issued and outstanding. As a
result of the completion of the TBC Transaction and the Financing, TBC holds
37,786,039 Los Andes shares, which represents 25.89% of the total number of Los
Andes shares currently issued and outstanding. Pursuant to applicable securities
legislation TBC is considered to be a "control person" of Los Andes.


Corporate - Board of Directors

Los Andes would like to welcome Messrs. Eduardo Covarrubias, Pedro Covarrubias
and Gonzalo Delaveau to the Company's board of Directors, as nominees of TBC. In
order to facilitate the TBC Transaction, Messrs. Roger Moss, John Nugent and
Donald Siemens have tendered their resignations to the Company's board of
directors. Mr. Roger Moss will continue as President of the Company. Los Andes
thanks Messrs. Nugent and Siemens for their contributions to the Company and
wishes them the best in all future endeavors.


All transactions contemplated herein are subject to securities regulatory
approvals. The securities of Los Andes Copper Ltd. have not been registered
under the United States Securities Act of 1933, as amended, or the securities
laws of any U.S. State, and may not be offered or sold in the United States or
to any "US Person" (as defined in Regulation S under the Securities Act of 1933)
absent registration or an exemption from registration.


About Vizcachitas

The Vizcachitas Project 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 giant copper-molybdenum porphyries Rio Blanco-Los Bronces, Los
Pelambres and El Teniente. Based on 35,255 metres of drilling in 130 diamond
drill holes, the project contains an indicated resource of 515 million tonnes
grading 0.39% copper and 0.011% molybdenum and an inferred resource of 572
million tonnes grading 0.34% copper and 0.012% molybdenum at a 0.30% copper
equivalent cutoff. Additional information about the Vizcachitas Project is
available in the National Instrument 43-101 Technical Report prepared by AMEC
and filed by the Company on SEDAR on August 29, 2008, and on 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.

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