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

Andean American Gold Corp.

November 14, 2007 12:57 ET

Andean American Reports Drill Results Including 6.0 Metres Grading 1.20 g/t Gold, 76.38 g/t Silver and 5.81% Zinc at the Invicta Project, Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2007) - Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) - Andean American Mining ("the Company") is pleased to provide an update on the ongoing diamond drilling program at the Invicta Project. The 16,900 hectare Invicta Project hosts low-sulphidation epithermal style gold-silver-copper mineralization. The Project is located in west Central Peru in the department of Lima, the province of Huaura, approximately 250 kilometers by road north east of the city of Lima, Peru at an altitude of 3,400 meters.

Results have been received for infill holes AE-DDH-07-36 and AE-DDH-07-37, drilled on cross-section ATE-5NW, located approximately 65 metres to the southwest and along strike from cross-section ATE-4NW (cross-section 4-4', for detailed information, please see news release dated 13 Nov 07), in the central portion of the Atenea Vein. The Atenea Vein has been traced for approximately 600 metres of strike length and remains open along strike.

Significant results are:



Hole AE-DDH-07-36

Estimated
True
From To Interval Width Au Ag Cu Pb Zn
(m) (m) (m) (m) g/t g/t % % %

137.10 139.60 2.50 1.30 0.58 34.44 0.62 2.79 2.22

144.10 154.10 10.00 5.00 4.23 90.98 1.65 4.90 3.53

inc.

146.10 152.10 6.00 3.00 1.20 76.38 1.59 7.93 5.81

Hole AE-DDH-07-37

53.45 58.25 4.80 4.30 0.90 11.26 0.34 0.42 0.61


The infill drilling has identified at least three distinct styles of mineralization at the Atenea vein, and has now identified a zone of high grade zinc mineralization, the distribution of which is not well understood. The results from these drill holes will be incorporated in an updated NI 43-101 resource estimate to be formulated upon completion of this phase of drilling.

The objective of the Infill drill program is to convert Inferred resources to Measured and Indicated resources, if possible. The drilling has focused on the Atenea Vein where a Measured and Indicated Resource of 3,132,568 tonnes grading 2.63g/t Au, 21.95g/t Ag and 0.48% Cu has been estimated. An Inferred resource of 5,187,775 tonnes grading 1.43 g/t Au, 17.35 g/t Ag and 0.61% Cu has also been estimated.

"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. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

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 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 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.

Contact Information

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