Andean American Gold Corp.

Andean American Gold Corp.

October 31, 2007 12:19 ET

Andean American Appoints Andrew Gourlay as President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - Andean American Mining ("the Company") (TSX VENTURE:AAG)(FRANKFURT:AQN) is pleased to announce the appointment of Mr. Andrew Gourlay, P.Geol., as President and Director.

Mr. Gourlay brings many years of successful international exploration and technical background experience to the Company. Mr. Gourlay is an accomplished mineral exploration geologist who has worked for nearly three decades as a Professional Geologist, Qualified Person and author of numerous NI 43-101 reports. A graduate of the University of British Columbia in 1977, Mr. Gourlay has extensive exploration and management experience throughout Asia, North America and South America. Mr. Gourlay is a Professional Geologist registered with The Association of Professional Engineers, Geologists and Geophysicists of Alberta and a Fellow of the Geological Association of Canada. Mr. Gourlay is the President of Sinchao Metals Corp., of which Andean American owns 67%.

The Company would also like to announce the granting of 1,700,000 options to its directors and officers. The options will have a term of five years. The options will vest over 12 months and have an exercise price of $0.70 Canadian.

On behalf of Andean American Mining Corp.,

John Huguet, Chairman & CEO

Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) is an international mining and exploration company focused on growth both organically and through acquisitions. The Company is actively pursuing new targets of potential early stage gold and silver prospects in Peru and currently has three key assets: the 16,900 hectare Invicta gold-silver-copper advanced exploration stage project; 67% of Sinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project; and the 9,000 hectare Santa Rosa property, which is a small producing open-pit mine.

This news release may contain forward-looking information within the meaning of the Securities Act (Ontario) ("forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of gold and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at

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The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Andean American Mining Corp.
    John Huguet
    President & CEO
    (604) 681-6186 or Toll Free: 1-888-356-4784