Minera Andes responds to Hochschild Mining plc

SPOKANE, WA, Feb. 11 MineraAndes-HochschldTSX: MAI
NASD-OTCBB: MNEAF
SPOKANE, WA, Feb. 11 /PRNewswire-FirstCall/ - Minera Andes Inc. (the "Corporation" or "Minera Andes", TSX:MAI and US OTC:MNEAF) responds today to a news release issued by Hochschild Mining plc ("Hochschild") announcing that Hochschild had made "firm proposals" to Minera Andes for the acquisition of its 49% interest in the San Jose Project or for the acquisition of all of Minera Andes' shares by way of a plan of arrangement.The announcement made by Hochschild was a direct response to the Corporation's news release of February 8 announcing that the Corporation had entered into a letter agreement with Robert R. McEwen, a director and existing shareholder of the Corporation, pursuant to which Mr. McEwen or an affiliate of Mr. McEwen will purchase, on a private placement basis, 121,212,121 common shares of the Corporation at a price of C$0.33 per share, for proceeds of C$40.0 million.

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