SOURCE: Andes Gold Corp.

April 12, 2010 08:00 ET

Andes Gold Completes Phase I of Its Tailings Operations Beating Earlier Estimates With $300k USD Profit

NEW YORK, NY--(Marketwire - April 12, 2010) - Andes Gold Corporation (PINKSHEETS: AGCZ) announced today that it has completed its Phase I Tailings Operation. 

The company is pleased to announce that it has completed its Phase I Tailings Operation first announced in early January 2010. At the time management estimated that gross value of the tailings operation would "generate gross value of $700,000." The profit on this Phase I has come in at $300,000 USD. The strong performance is accredited to the continued strong bullion price on the global markets as well as new processing efficiencies on site. 

"This tailings operation is an ongoing and profitable part of the company's strategic plans in addition to the companies regular production," stated Alex Diaz, President of Andes Gold. In addition, "The company is proceeding with its Phase II tailings production on a daily basis with its Chilean Mills processing 40 tonnes of product daily," further stated Mr. Diaz. 

Andes Gold Corporation is a gold producing and exploration company with operations in Ecuador, (South America). In the post market melt-down of 2008 the world took shelter in the security of gold pushing the value to over $1,100 USD per ounce by January 2010. Producing gold properties such as Andes Gold will continue to enjoy increased prosperity which can only improve if the price continues to climb.

About Andes Gold Corporation:

Andes Gold Corporation is a United States of America registered public company currently operating a gold mining and exploration corporation, through its wholly owned subsidiary company Compania Minera PLS.A. In Ecuador (South America), which controls a Gold mining and exploration concession called the Miranda Alto. For more information please visit: www.andesgold-ir.com

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About Forward-Looking Statements: Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on the Company's website does not constitute a part of this release.

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