Andean Resources Ltd.

Andean Resources Ltd.

October 05, 2007 13:41 ET

Andean Starts 30,000 Metre Phase 4 Drill Program at Cerro Negro

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2007) - Andean Resources Limited (TSX:AND)(ASX:AND) is pleased to announce the commencement of the Company's Phase 4 drill program at its 100% owned Cerro Negro gold project in Southern Argentina:

- A 30,000m extension and infill drill program has commenced at Cerro Negro, comprising;

-- 12,000m drilling planned at the Eureka West area (including 7,500m of infill drilling for the Pre-Feasibility Study)

-- 5000m of resource expansion drilling planned for the Eureka Main Vein

-- 3000m of drilling to test new veins within the Eureka area

-- 10,000m drilling at Vein Zone including infill (6000m) and testing of parallel structures (4000m)

- Programs scheduled to run continuously through to June 2008

The planned 30,000m drill program is the largest undertaken to date at Cerro Negro and is designed to:-

- Extend the recently discovered high-grade mineralization along strike and at depth at Eureka West with 4,500m of drilling, starting immediately;

- Complete 7,500m resource definition drilling at Eureka West during the remainder of 2007 for the Pre-Feasibility Study;

- Develop a resource on the Eureka Main Vein with 5000m of drilling, following up on the 5 holes that successfully discovered high-grade at depth;

- Test three north-west trending parallel veins to the main Eureka vein with 3000m of drilling (see attached picture) - North Vein, South Vein, and the Mariana Veins;

- Further 6000m of infill drilling at Vein Zone for the Pre-Feasibility Study - drilling not completed in Phase 3 as a result of the new discoveries at Eureka;

- Drill testing three north-west trending parallel structures to Vein Zone at Silica Cap (2000m), Bajo Negro (1000m) and Pescado Rabiosa (1000m).

Two drill-rigs are currently onsite focused on the Eureka program. The third rig will be arriving in the first half of October. The Phase 4 program is planned to drill continuously through the end of June 2008. Maps of the exploration targets are attached to the release.

Andean Resources Ltd, is an Australian based company, exploring for gold and silver resources in the Andes. Andean is listed on the Australian Stock Exchange under the ticker symbol AND, and more recently has been listed on the Toronto Stock Exchange under the ticker symbol AND. More information is available on the Company's website

Eureka Targets

To view a map of the Eureka Targets, please click on the link below:

Vein Zone Targets

To view a map of the Vein Zone Targets, please click on the link below:

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