SOURCE: Andes Gold Corp.

January 15, 2010 16:00 ET

Andes Gold Concludes Strategic Acquisition and Adds 50,000 Ounces of Gold Reserves

NEW YORK, NY--(Marketwire - January 15, 2010) - Andes Gold Corporation. (PINKSHEETS: AGCZ) announced today that it has concluded the acquisition of the "Roman Mine" a neighboring property.

The company is pleased to announce that the negotiations for the strategic acquisition of the "Roman Mine" has concluded after several months of discussions. The deal was finalized on an all cash basis. This new asset is strategic to the company because it includes a new access road, site for an expanded work camp and an additional access tunnel that will allow the mining of two untouched veins of gold.

"The acquisition of the Roman Mine will add 40 tonnes of ore production a day within 4 months from this new tunnel access," stated Alex Diaz, President of Andes Gold. Furthermore, "we have increased our estimated reserves with this new asset by 50,000 ounces," added 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:

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