/s/ ALLEN V. AMBROSE
| [LOGO] | MINERA ANDES |
| INCORPORATED |
Exhibit 10.1
June 27, 2003
La Mancha Resources Inc.
311 West First Street
North Vancouver, B.C.
V7M 1B3
Telecopier: 604 ###-###-####
Attention: Walter Berukoff
Copy to:
Anfield Sujir Kennedy & Durno
1600 – 609 Granville Street
Vancouver, B.C.
V7Y 1C3
Telecopier: 604 ###-###-####
Attention: Jay Sujir
Dear Sirs:
Termination of Arrangement Agreement
We refer to the letter agreement dated May 15, 2003 between Minera Andes Inc. and La Mancha Resources Inc. (the “Arrangement Agreement”). The purpose of this letter is to confirm our mutual agreement to terminate the Arrangement Agreement, effective immediately.
Please confirm that La Mancha has agreed to the foregoing termination of the Arrangement Agreement. Please evidence your agreement by signing a copy of this letter where indicated below and returning it to us immediately.
Yours sincerely,
| MINERA ANDES INC. | Agreed to June 27, 2003 LA MANCHA RESOURCES INC. | |||||||
| By: | /s/ ALLEN V. AMBROSE | By: | /s/ WALTER BERUKOFF | |||||
| Allen V. Ambrose President | Walter Berukoff President | |||||||
| 3303 N. Sullivan Road | $ Spokane, Washington 99216 | $ Phone: (509) 921-7322 | $ Fax: (509) 921-7325 |
