Andean Resources Ltd.
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Andean Resources Ltd.

April 15, 2010 17:15 ET

Andean Announces the Appointment of Charles (Chuck) Winograd to the Board of Directors

SALT LAKE CITY, UTAH--(Marketwire - April 15, 2010) -

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Andean Resources (TSX:AND)(ASX:AND) is pleased to announce the appointment of Charles (Chuck) Winograd to its Board of Directors, consistent with its stated objective of preparing the Company for the development phase of its 100% owned Cerro Negro gold project in Southern Argentina.

Chuck Winograd is currently the President of Winograd Capital Inc., an external consulting services and private investments company. Previously, Mr. Winograd was Chief Executive Officer of RBC Capital Markets, a position he held from 2001 to 2008. When RBC Dominion Securities acquired Richardson Greenshields in 1996, Mr. Winograd became Deputy Chairman and a director. Mr. Winograd was appointed to the position of President and Chief Operating Officer of RBC Dominion Securities in 1998. Mr. Winograd held several executive postings in Richardson Greenshields until becoming President and Chief Executive Officer in 1987 and Chairman and Chief Executive Officer in 1991. Mr. Winograd holds a Master of Business Administration degree from the University of Western Ontario and is a Chartered Financial Analyst (CFA). Mr. Winograd is currently a director of RioCan Real Estate Investment Trust, Talisman Energy, RBC Dexia, Tamir Fishman (Israel), Mount Sinai Hospital, Winograd Capital Inc. and James Richardson & Sons, Limited.

"We are pleased to add Chuck Winograd to our board of directors," stated Louis Gignac, Andean's Chairman of the Board. "Chuck adds a strong finance skill set to our current experienced Board. His insights and knowledge of the capital markets and the wider international business arena will be invaluable as Andean continues to grow and move into the development stage of the Cerro Negro project."

Andean Resources Ltd. is a dual listed company (TSX:AND)(ASX:AND), actively and aggressively exploring for gold resources in Argentina. The company is well positioned to become a mid-tier gold producer over the next two years as it commences production from its 100% owned Cerro Negro project. This high-grade, world-class deposit is located in the mining-friendly province of Santa Cruz, in southern Argentina, and contains a growing resource base of over 2.5 million ounces of gold. In order to expand its resource base and add to the future production profile, Andean is committed to ongoing exploration and building its resource inventory at the Cerro Negro project and, in the process, generating enhanced returns for its shareholders as a platform for future growth.

Contact Information

  • Andean Resources Limited
    Krista Muhr
    Director of Investor Relations
    In North America: 1.647.330.1478
    In Australia: +61 (0) 448.886.460
    krista.muhr@andeangold.com
    or
    Andean Resources Limited
    200 Civic Center Drive
    Suite 200
    Sandy, UT 84070
    USA
    www.AndeanGold.com