News Agencies Oroandes Announces Grants of Options

910 - 510 Burrard Street, Vancouver, British Columbia, V6C 3A8

FOR IMMEDIATE RELEASE TSX-V:OAR

OROANDES ANNOUNCES GRANTS OF OPTIONS

Vancouver, British Columbia – March 1, 2010 – OroAndes Resource Corp. (the “Company”) announces that it has granted stock options to its directors, officers, employees and consultants entitling the purchase of an aggregate 1,260,000 common shares in accordance with the terms and conditions of its stock option plan and subject to any approval that may be required by the TSX Venture Exchange. The stock options are exercisable at a price of $0.08 for a period of 5 years from the date of grant. Any common shares issued on exercise of these options prior to July 2, 2010 will be subject to a hold period until July 2, 2010, pursuant to the policies of the TSX Venture Exchange.

Further to its news release of January 8, 2010, termination of previously granted incentive stock options will take effect March 31, 2010.

For further information, please contact:

Head Office:

Sandy MacDougall Tel. 604-662-8186 Fax 604-662-8170 www.oroandes.com

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although OroAndes believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of OroAndes’ management on the date the statements are made. OroAndes Resource Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR

SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.