Los Andes Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 30, 2011) - Los Andes Copper Ltd. ("Los Andes", or the "Company") (TSX VENTURE:LA)(PINKSHEETS:LSANF) is pleased to announce the Company has closed its previously announced non-brokered private placement of 2,000,000 shares priced at $0.38 per share for gross proceeds of $760,000.

All securities issued pursuant to the private placement will be subject to a hold period of four months and one day expiring on May 1, 2012. 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.

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.