Andean American Gold Corp.

Andean American Gold Corp.

April 29, 2008 08:30 ET

Andean American Step Out Drilling Intersects 14.75 Metres Grading 4.43 g/t Gold at the Invicta Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2008) - Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN)(BVL:AAG) is pleased to report results from step out diamond drilling on the Atenea Structure at its Invicta property in Peru. The 41,500 hectare Invicta Project hosts massive to semi-massive style gold-silver-copper mineralization. The Project is located in west central Peru approximately 250 kilometers by road north east of the city of Lima at an altitude of 3,400 meters.

Drill Holes AE-DDH-08-113 and AE-DDH-08-115 were drilled approximately 150 metres to the east of Section ATE-3NE, and intersected the Atenea Structure approximately 200 metres and 300 metres below surface, respectively.

Drill Hole AE-DDH-08-113 intersected:

Interval (m) Width (m) Au g/t Ag g/t Cu % Pb % Zn %

154.1 - 156.7 2.6 0.15 3.5 0.05 0.40 0.78

166.3 - 168.9 2.6 0.42 16.5 0.25 0.28 0.28

Drill Hole AE-DDH-08-115 intersected:

216.85 - 231.6 14.75 4.43 7.5 0.09 0.40 0.30

These are drill intersections and true widths have not yet been determined.

These two intersections are the eastern extension of the Atenea Structure, and confirm that the mineralization in the Atenea Structure continues to the east of the current resource estimate.

"We are pleased with the results from our continuing drill program," states President Andrew Gourlay, "These new intersections have vein and sulphide textures comparable to the main Atenea Structure, and are an important extension of the known mineralized zone. This confirms our belief that the Atenea Structure is well mineralized and has not been fully evaluated."

Surface drilling and underground development of the 3400 Level Adit are continuing. Current resources estimates include 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. Wardrop Engineering Inc. is currently preparing an updated resource estimate based on data from the 13,000m 2007 drill program.

The Atenea Structure is the most advanced target of the eight identified on the Invicta Property, which covers 41,500 hectares. The Atenea Vein Structure consists of quartz-cemented hydrothermal breccia with variable amounts of pyrite, chalcopyrite, galena, sphalerite and traces of bornite. The quartz varies from white to grey, and displays acicular crystals, cockade textures and open spaced filling, with rare vugs lined with quartz crystals to 5cm size. The sulphides within the quartz vary from disseminated to massive. The bounding faults dip to the south at between 60 and 70 degrees.

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 shipment from site to monitor the quality control of the analytical data.

On behalf of Andean American Mining Corp.,

John Huguet, Chairman & CEO

Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN)(BVL:AAG) 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 41,500 hectare Invicta gold-silver-copper advanced exploration stage project; 58% 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

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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