Andean American Gold Corp.
TSX VENTURE : AAG
FRANKFURT : AQN

Andean American Gold Corp.

December 21, 2007 09:00 ET

Andean American Intersects 8.09 Metres Grading 7.19 g/t Au, 196.2 g/t Ag and 0.95% Cu at the Invicta Project, Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) - Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) is pleased to report results from additional infill diamond drilling on the Atenea Structure in its Invicta property in Peru.

Hole AE-DDH-07-34 was drilled on Section ATE-6NW, and intersected the Atenea Structure approximately 125 metres below surface, between drill holes 4411-97-06 and 4411-97-15, drilled by Pangea in 1997. Drill hole 4411-97-06 intersected 5.92 g/t Au, 20.5 g/t Ag and 0.29% Cu over a true width of 16.66 metres, and drill hole 4411-97-15 intersected 0.96 g/t Au, 125.1 g/t Ag and 3.55% Cu over a true width of 1.54 metres.

Drill Hole AE-DDH-07-34 intersected:



Est. True
Interval (m) Width (m) Width (m) Au g/t Ag g/t Cu%

120.35 - 147.36 27.01 18.5 4.15 93.7 0.60
Inc.
120.8 - 127.7 6.9 3.17 1.33 26.9 0.65
134.0 - 145.9 11.9 8.09 7.19 196.2 0.95


The results from the recently completed drill program, in conjunction with the underground sampling and drilling from the 3400 Level adit, are designed to upgrade the current resource estimates of 4,739,500 tonnes grading 2.73 g/t Au, 18.3 g/t Ag and 0.45% Cu in the measured and indicated categories, with an additional 6,088,700 tonnes grading 1.44 g/t Au, 15.7 g/t Ag and 0.53% Cu in the inferred category. Resource estimates are from the NI 43-101 Invicta Technical Report filed on SEDAR and dated July 24, 2007.

The Atenea Structure is the most advanced target of the eight identified on the Invicta Property, which covers 22,200 hectares. The property is located in west Central Peru in the department of Lima, the province of Huaura, approximately 250 kilometres by road north east of the city of Lima, Peru at an altitude of 3,400 metres.

Mr. Andrew Gourlay, P. Geol., President of Andean American Mining Corp. is a Qualified Person as defined in the Canadian Securities Administrators National Instrument 43-101 with the ability and authority to verify the authenticity and validity of technical and scientific data. This news release has been prepared under Mr. Gourlay's supervision. All samples were prepared and analyzed by CIMM Labs in Lima, Peru, an ISO-accredited laboratory. Standard reference materials, blanks and field duplicates were inserted prior to the shipment from site to monitor the quality control of analytical data.

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 22,200 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 www.sedar.com.

This news release may use terms such as "inferred resources", "indicated resources", "measured resources", and "mineral resources". These terms are recognized and required by Canadian securities regulations (under National Instrument 43-101 "Standards of Disclosures for Mineral Projects"). Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Assessment as defined under National Instrument 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

SEDAR Profile # 00003879

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

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