McEwen Mining Inc

Formerly - Minera Andes Inc

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Message: re: MAI Los Azules - Xstrata Portion update

TNR Gold is recognized in MAI's news release it seems ... wondering what will happen if Xstrata does not back in... ??

"Solitario Argentina SA"

From MAI's prelimenary assessment press release:

Certain of the MIM properties are subject to an underlying option agreement, which is the subject of a dispute between Xstrata Copper, as optionholder, and Solitario Argentina S.A., as the grantor of that option and the holder of a back-in right of up to 25 per cent, exercisable upon the satisfaction of certain conditions, within 36 months after the exercise of the option by Xstrata Copper. The dispute surrounds the validity of the 36-month restriction described above. If Solitario is successful, MIM's interest in substantially all of the MIM properties may be reduced by up to 25 per cent and, upon exercise of the MASA option, MASA's interest in that part of the combined property may be similarly reduced.

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