Andean American Gold Corp.

Andean American Gold Corp.

February 26, 2008 09:00 ET

Andean American Announces Sampling Results From SW Crosscut at Invicta Project, Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - Andean American Mining Corporation (TSX VENTURE:AAG)(FRANKFURT:AQN)(BVL:AAG) is pleased to report results from sampling of the SW Crosscut, on the 3400 Level Adit on the Atenea Vein Structure, at the Invicta Property in Peru.

As reported earlier, the 3400 Level Adit is being driven at the 3,400m elevation parallel to and in the hanging wall of the Atenea Vein Structure to provide access to drill test below this level. The anticipated total length of the 3400 Level Adit is over 600 metres. An access crosscut of approximately 200 metres was driven north from the 200 metre point. The Atenea Vein Structure was intersected at approximately 150 metres in the access crosscut.

A tunnel of approximately 120 metres length was driven along the Atenea Vein Structure and four short crosscuts of approximately 15m to 20m length were made at 20 metre intervals to the east of the access crosscut. One crosscut was made to the west of the access crosscut. These crosscuts have been mapped and sampled. Mineralization is continuous over the 120m of strike length and remains open in both directions. Results have now been received for the SW Crosscut. True widths are estimated to be 85% of the apparent widths.

Significant intersections are:

SW Crosscut

West Wall East Wall

5.80m 7.70m
0.95 g/t Au 1.47 g/t Au
18.4 g/t Ag 39.3 g/t Ag
0.79% Cu 0.77% Cu
0.14% Pb 0.32% Pb
0.15% Zn 0.22% Zn

The Atenea Vein Structure consists of quartz-cemented hydrothermal breccia with variable amounts of pyrite, chalcopyrite, galena, sphalerite and traces of bornite. The quartz varies from white to grey, and displays acicular crystals, cockade textures and open spaced filling, with rare vugs lined with quartz crystals to 5cm size. The sulphides within the quartz vary from disseminated to massive. The bounding faults dip to the south at between 60 and 70 degrees.

The recently completed drill program, in conjunction with the underground sampling and drilling, is designed to upgrade the current resource estimates of 4,739,500 tonnes grading 2.73 g/t Au, 18.3 g/t Ag and 0.45% Cu in the measured and indicated categories, with an additional 6,088,700 tonnes grading 1.44 g/t Au, 15.7 g/t Ag and 0.53% Cu in the inferred category. Resource estimates are from the NI 43-101 Invicta Technical Report dated July 24, 2007.

The Atenea Structure is the most advanced target of eight identified in the Invicta Property, which covers 41,500 hectares. The Company is very pleased with the initial results of the underground exploration program.

Mr. Andrew Gourlay, P. Geol., President of Andean American Mining Corp., is a Qualified Person as defined in the Canadian Securities Administrators National Instrument 43-101 with the ability and authority to verify the authenticity and validity of technical and scientific data. This news release has been prepared under Mr. Gourlay's supervision. All samples were prepared and analyzed by CIMM Labs in Lima, Peru, an ISO-accedited laboratory. Standard reference materials, blanks and field duplicates were inserted prior to shipment from site to monitor the quality control of the analytical data.

John Huguet, Chairman & CEO

Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN)(BVL:AAG) is an international mining and exploration company focused on growth both organically and through acquisitions. The Company is actively pursuing new targets of potential early stage gold and silver prospects in Peru and currently has three key assets: the 41,500 hectare Invicta gold-silver-copper advanced exploration stage project; 58% of Sinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project; and the 9,000 hectare Santa Rosa property, which is a small producing open-pit mine.

This news release may contain forward-looking information within the meaning of the Securities Act (Ontario) ("forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of gold and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at

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