Ann: First Chuscal Drill Hole Completed, page-27

Hi All,

Posted the below on another stock as I was comparing the other stock's gold value using MNC as the comparison company.

Was all from the top of my head and obviously just a few points on MNC with plenty more not on the list.

Few good points are that MNC is:

- surrounded by mega gold deposits (25Moz+),
- has prime gold real estate,
- likely/potentially has 6Moz+ just at Quinchia, without Andes' new grounds
- Andes/new MNC grounds are about 10 times as large as MNC's original Quinchia grounds and just as prospective.

Over all of the massive/combined Quinchia and Andes grounds; I wonder how many Moz of gold they will find - judging by the neighbourly deposits; plenty?! (already have 2.8Moz under the Canadian JORC equivalent)

Makes one understand why Sandfire put in $2M originally (into an unlisted Company - Andes) and then another $990k recently, as well as the Andes Directors putting in $2.5M into Andes.

And those Andes Directors have a track record of building up companies and selling them for billions (ie. Ross Ashton selling Red Back Mining for US$7.2B).

Cheers,

GB.