SPOKANE, WA, Nov. 9 /PRNewswire-FirstCall/ -- Minera Andes Inc. (TSX: MAI and US OTC: MNEAF) announces the appointment of Henry John as Chief Financial Officer of the Company.
Mr. John, a chartered accountant in British Columbia since 1974 and a certified public accountant in Washington State since 1998, has accounting and auditing experience with public corporations, including junior exploration/mining companies. In Spokane, he has been associated with the accounting firm of LeMaster & Daniels where his duties included audits, review and regulatory oversight compliance. During 2006, while with LeMaster & Daniels, Mr. John performed Sarbanes-Oxley work for Minera Andes, and is familiar with the company through this engagement. Mr. John succeeds William Schara who has been named chief executive officer for a start-up exploration company.
Allen V. Ambrose, president of Minera Andes said, "I am pleased to welcome Henry John to Minera Andes. His broad-based experience in accounting and administrative oversight will benefit the Company as it experiences increased silver/gold production at the San Jose mine and progresses its Los Azules copper exploration project. I also wish to take this opportunity to thank Bill Schara for his service as CFO of Minera Andes. We wish Bill well in his new position."
Minera Andes is a gold, silver and copper exploration company working in Argentina. The Corporation holds about 410,000 acres of mineral exploration land in Argentina including the co-owned San Jose silver/gold mine that has started initial production. Minera Andes is also exploring the Los Azules copper project in San Juan province, where an exploration program is underway to define a resource. Other exploration properties, primarily silver and gold, are being evaluated in southern Argentina. The Corporation presently has 166,832,517 shares issued and outstanding.
This news is submitted by Allen V. Ambrose, president and director of Minera Andes Inc.
Caution Concerning 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 Jose Project. Investors should be aware that the introduction of new technology such as ILR can create added risk in achieving metallurgical performance. 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, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral reserves, dilution risks to it 49% ownership by not being able to contribute pro-rata to Minera Santa Cruz S.A. cash calls, and other risks. Reference is made to the risk factors and uncertainties described in the Company's continuous disclosure record, a copy of which is available under the Company's profile at http://www.sedar.com/. In addition, Minera Andes' joint venture partner, a subsidiary of Hochschild Mining plc, and its affiliates do not accept responsibility for the use of project data or the adequacy or accuracy of this release.
Cautionary Note to U.S. Investors:
The United States Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits with "mineral reserves" that a company can economically and legally extract or produce. We use certain terms in this press release, such as "mineral resources", that the SEC guidelines strictly prohibit us from including in our filings with the SEC.
CONTACT: Art Johnson at the Spokane office, or Krister A. Kottmeier, investor relations - Canada, at the Vancouver office; Visit our Web site: http://www.minandes.com/; Spokane Office, 111 East Magnesium Road, Ste. A, Spokane, WA, 99208, USA, Phone: (509) 921-7322, E-mail:
