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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: E. Charters5/24/2006 6:48:26 PM
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Is it pronounced "spoke'-aine" or "spoke'-ahn" or "spuh-kaine'/kahn'"?

Minera Andes Drilling Cuts 221 Meters (725 ft) of 1.62% Copper at Los Azules Project, Argentina

Spokane, WA - May 23, 2006 - Minera Andes MAI/TSXV or MNEAF is pleased to report the discovery of significant high-grade copper at its Los Azules property in Argentina. An eleven hole drill program returned intervals up to 1.62% copper over 221 meters and 1.00% copper over 173 meters in separate holes.

The new core drilling (see Table 1) focused on the previously defined enriched copper target in an area approximately 2,500 meters by as much as 1,500 meters defined by prior drilling (see attached map). Drilling tested mineralization on both Minera Andes' lands and adjacent lands subject to a letter of intent with Xstrata (see below).

Table 1.
Significant 2006 Drilling Results at Los Azules

Drill Hole       TD    From    To     Int.  Copper 

AZ-06-10 (core) 261.35 174    261.35  87.35  0.83 

AZ-06-11 (core) 270.7  158.7  270.7  158.7   0.51 

AZ-06-14 (core) 224.55 136    178     42     1.13 
Includes n/a           136    158     22     1.40 

AZ-06-17 (core) 183.5   66    183.5  117.65  0.63 
Includes: n/a           66    124     58     0.84 

AZ-06-19 (core) 299.4   78.25 299.4  221.15  1.62 
Includes: n/a           78.25 116     37.75  2.22 
Includes: n/a          134    146     12     3.94 

AZ-06-20 (core) 253.3   80    253.3  173.3   1.00 
Includes: n/a           80     89     18     1.69 
Includes: n/a           98    182     84     1.12


Allen Ambrose, president of Minera Andes, said, "Our technical team has made a second discovery in Argentina. Our careful, consistent, methodical exploration has now resulted in two discoveries including the San José project now going into production and the new exciting Los Azules drilling results. The northern portion of the Los Azules target where the new drilling has discovered thick sections of plus one percent copper is exciting in that we see a large copper target developing that is near surface and high grade. We look forward to reporting on the ongoing exploration program at this discovery later this year when an aggressive drilling campaign will start in Argentina's summer field season."

Eleven reconnaissance core holes totaling 3,426 meters were drilled in the current campaign to depths of between 133 to 316 meters.
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