Southern Andes Energy Inc. (TSX VENTURE:SUR) ("SAE" or "the Company") announced
today that it has granted stock options to acquire an aggregate of 2,175,000
common shares to directors, officers, employees and consultants of the Company
and its subsidiary under SAE's stock option plan. Each option granted to
directors, officers, employees and consultants is exercisable for a five year
period to acquire one common share at a price of $0.17 per share and are vested
as of the date of grant.


About Southern Andes Energy Inc.

Southern Andes Energy Inc. is focused on exploring and developing uranium
resources to meet the world's growing demand for clean energy. The Company is
the largest landowner in the emerging Macusani Uranium District in Peru with
holdings of more than 65,000 hectares of land. The Company owns a 7% equity
interest in Macusani Yellowcake Inc., which controls two advanced stage uranium
projects in the district and also a 65% interest in Caracara Silver Inc., (TSX
VENTURE:CSV) which has been created to advance and develop the Company's
extensive silver and zinc projects in Peru.


Forward-looking Statements

This news release may contain forward-looking statements that are based on
Southern Andes Energy Inc.'s expectations, estimates and projections regarding
its business and the economic environment in which it operates. These statements
are not guarantees of future performance and involve risks and uncertainties
that are difficult to control or predict. Therefore, actual outcomes and results
may differ materially from those expressed in these forward-looking statements
and readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or the occurrence
of future events or circumstances, unless otherwise required to do so by law.


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