Andean American Gold Corp.

Andean American Gold Corp.

June 15, 2010 15:15 ET

Andean American Appoints David Rae as President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2010) - Andean American Mining Corp. ("the Company") (TSX VENTURE:AAG)(FRANKFURT:AQN) is pleased to announce the appointment of David Rae as President effective June 16, 2010.

Building on a base of African Gold and PGM operations management in South Africa and Zimbabwe, Mr. Rae moved to Canada in 1998 to join Falconbridge. Initially managing Copper operations in Timmins before moving in 2001 to General Manager of the Sudbury Smelter, Mr. Rae created business process and efficiency improvements at both operations and had discretion over large operating and capital budgets and project teams.

In 2004, Mr. Rae moved to corporate office in Toronto as VP Strategy and Commercial and assumed responsibility for the worldwide sales of all Falconbridge Nickel business unit products, including Nickel, Ferronickel, Copper, Cobalt and PGM's with annual sales in excess of $3bn. This included management of commercial offices in Brussels, Pittsburgh and Tokyo and interface with Dominican Republic and Norwegian refineries. Upon the acquisition of Falconbridge by Xstrata, Mr. Rae as VP Commercial managed the successful post-transaction integration of the new nickel business reporting to the CEO of Xstrata Nickel.

In 2007, Mr. Rae moved to Brussels and assumed a new role as Senior Vice President Europe & Africa of Xstrata Nickel adding European operations and supply chain management to strategy and commercial responsibility. The Norwegian Nickel refinery and commercial offices in Brussels underwent continuous improvement activity which realized early and sustainable gains in excess of $70m/annum.

Prior to joining Andean American, Mr. Rae has been advising in a consulting capacity to companies such as Kinross, Vale Inco and Iamgold on operational, productivity and strategic challenges. He holds a BSc in Physical Metallurgy from Leeds University, England.

"We are pleased to welcome Mr. Rae to the Company," states Chairman and CEO, John Huguet. "His proven track record in international leadership and strategic initiatives and his wealth of experience in advancing projects will be invaluable as we move the Invicta project towards production."

The Company has granted 500,000 stock options to Mr. Rae at a price of C$0.45 each for a period of 5 years.

On behalf of Andean American Mining Corp.,

John Huguet, Chairman & CEO

Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) is an international mining and exploration company focused on growth. The Company is actively pursuing new targets of potential early stage gold and silver prospects in Peru and currently has two key assets: the 28,200 hectare Invicta gold-silver-copper advanced exploration stage project; 60% of Sinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project. For further information call (604) 681-6186 or toll free: 1-888-356-4784 or visit

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

Neither 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.

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