ANDINA Minerals Inc.

ANDINA Minerals Inc.

March 11, 2010 09:46 ET

Andina Grants Options

TORONTO, ONTARIO--(Marketwire - March 11, 2010) - ANDINA Minerals Inc. (TSX VENTURE:ADM) (the "Company") announces that it has granted an aggregate of 1,665,000 options of which 1,325,000 were granted to Andina's officers and directors and 340,000 were granted to employees and consultants. The options are exercisable at $1.20 and expire on March 11, 2015. The option grants are made today as part of Andina's annual review of company compensation.

About Andina Minerals Inc.

Andina's primary focus is mining exploration and development in Chile. The Company's flagship property is the 100%-owned Volcan Gold Project, strategically located in the prolific Maricunga Gold Belt. In September 2009, Andina provided an updated resource estimate for Volcan including measured and indicated mineral resources of 492.5 million tonnes at an average grade of 0.62 g/t Au for 9.8 million measured and indicated ounces of contained gold and inferred mineral resources of 36.8 million tonnes at an average grade of 0.65 g/t Au for 768,000 ounces of gold.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • ANDINA Minerals Inc.
    George M. Bee
    President & CEO
    416 203 3488
    ANDINA Minerals Inc.
    Keith McKay
    Chief Financial Officer
    416 203 3488