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

Andean American Gold Corp.

February 24, 2010 08:00 ET

Andean American Mining Corp.: Metallurgical Testing Results Indicate Improved Recoveries at Invicta Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2010) - Andean American Mining Corp. ("the Company") (TSX VENTURE:AAG)(FRANKFURT:AQN) is pleased to announce the results of continuing metallurgical testing from the finalized flow sheet, carried out on three 10 kilogram samples from the Company's Invicta Project in Peru. ED & ED Ingenieria Y Servicios S.A.C. performed the metallurgical testing and assays were done by SGS Laboratories S.A.C., both situated in Lima, Peru.

A) HEAD ANALYSIS        
Sample Au Ag Cu Pb Zn
Code gr/TM gr/TM % % %
M-01 1.54 38.11 0.98 0.46 0.54
M-02 1.52 31.97 0.88 1.20 1.86
M-03 1.49 17.02 0.78 0.74 1.96
B) GLOBAL RECOVERIES PER METAL      
TOTAL RECOVERY SAMPLE M-01      
METAL Gravimetric Concentrate Cu Concentrate Pb Concentrate Zn Global recovery %
GOLD 87.27 5.18 0.19   92.64
SILVER 75.28 3.28 2.34   80.89
COPPER   75.51     75.51
LEAD     81.52   81.52
ZINC       82.37 82.37
TOTAL RECOVERY SAMPLE M-02      
METAL Gravimetric Concentrate Cu Concentrate Pb Concentrate Zn Global recovery %
GOLD 90.10 4.26 0.45   94.82
SILVER 76.39 2.59 3.71   82.69
COPPER   78.01     78.01
LEAD     82.99   82.99
ZINC       83.35 83.35
TOTAL RECOVERY SAMPLE M-03      
METAL Gravimetric Concentrate Cu Concentrate Pb Concentrate Zn Global recovery %
GOLD 90.78 3.74 0.18   94.71
SILVER 76.37 2.77 2.64   81.78
COPPER   72.13     72.13
LEAD     84.36   84.36
ZINC       88.08 88.08
C) CONCENTRATE GRADES & RATIONS OF CONCENTRATION-FLOTATION    
SAMPLE M-01            
Final Concentrate Au Ag Cu Pb Zn Concentration
after Gravimetric gr/TM gr/TM % % % ratio
Copper Concentrate 3.03 39.98 23.11 1.44 0.72 33.9
Lead Concentrate 0.31 79.34 1.72 56.11 1.98 94.34
Zinc Concentrate 0.09 20.11 0.23 1.14 48.98 98.04
SAMPLE M-02            
Final Concentrate Au Ag Cu Pb Zn Concentration
after Gravimetric gr/TM gr/TM % % % ratio
Copper Concentrate 2.54 25.64 22.99 1.52 0.68 35.21
Lead Concentrate 0.41 55.65 1.64 57.46 1.49 53.48
Zinc Concentrate 0.12 11.22 0.21 1.02 47.99 30.4
SAMPLE M-03            
Final Concentrate Au Ag Cu Pb Zn Concentration
after Gravimetric gr/TM gr/TM % % % ratio
Copper Concentrate 2.56 20.17 22.87 1.41 0.81 40.16
Lead Concentrate 0.26 40.25 1.59 58.14 1.97 84.03
Zinc Concentrate 0.11 11.23 0.31 1.13 47.96 27.32

Sampling
The samples were prepared to represent the run of mine make-up of the 3 mineral types (families) present at the Atenea Structure in the Invicta Project.

Family Mineral Characteristics Chemistry
1 Quartz + Massive Pyrite & Chalcopyrite + Galena Au + Ag + Cu + Pb + Zn
2 Quartz + Massive Pyrites, Chalco, (tennantite) Au + Ag + Cu
3 Quartz + Pyrite + Oxides Au + Ag

Mr. Leslie F. Tarnai, P. Eng., General Manager of Engineering for Invicta Mining Corp. and Mr. Andrew Gourlay, P. Geol., President of Andean American Mining Corp. are Qualified Persons as defined by 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 the supervision of Mr. Tarnai and Mr. Gourlay. ED &ED Ingenieria Y Servicios S.A.C. and SGS Laboratory S.A.C. are both ISO certified laboratories.

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. The Company is actively pursuing new targets of potential early stage gold and silver prospects in Peru and currently has two key assets: the Invicta gold-silver-copper feasibility stage project and 59% of Sinchao Metals Corp., owner of the Sinchao copper- gold project. For further information call (604) 681-6186 or toll free: 1-888-356-4784 or visit www.andeanamerican.com.

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.

SEDAR Profile # 00003879

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