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Press release from CNW Group

Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices

Wednesday, January 25, 2012

Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices17:15 EST Wednesday, January 25, 2012TORONTO, Jan. 25, 2012 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:The shareholders of Minera Andes Inc. (TSX:MAI) and US Gold Corp. (NYSE:UXG) have approved the business combination between the two companies. Minera Andes will be removed from the S&P/TSX Global Mining Index after the close of Thursday, January 26, 2012. Following the acquisition of Minera Andes Inc., US Gold Corp. will change its name to McEwen Mining Inc. and its ticker symbol to MUX. The GICS classification of US Gold Corp. will change from 15104030 to 15104040 effective at the same time as the acquisition of Minera Andes. US Gold Corp. will be removed from the S&P/TSX Global Gold Index as a result of the GICS change. The relative weight of McEwen Mining Inc. will increase in the S&P/TSX Global Mining Index to reflect the issuance of shares as part of the acquisition of Minera Andes Inc.Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.About S&P IndicesS&P Indices, a leading brand of the McGraw-Hill Companies (NYSE:MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties. For further information: Tony North (416) 507-3204                     Dave Guarino 1 212 438 1471