Andean American Gold Corp.

Andean American Gold Corp.

November 29, 2007 14:47 ET

Andean American Mining Corp.: Infill Drilling at Invicta Project, Peru, Intersects High Grade Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) is pleased to report results from additional infill and deeper step-out holes on the Atenea Vein on its Invicta property in Peru. This portion of the infill drilling program was completed in early October. A total of 5,602 metres was completed in 29 holes.

The drill program is designed to upgrade the current resource estimates of 4,739,500 tonnes grading 2.73g/t Au, 18.3g/t Ag, and 0.45% Cu in the measured and indicated categories, with an additional 6,088,700 tonnes grading 1.44g/t Au, 15.7g/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 results from this program will be incorporated into an updated, NI 43-101 compliant resource study to be completed by Wardrop Engineering in early 2008.

The Atenea structure is a robust epithermal vein breccia which has been traced by drilling over 600 metres of strike length and to 470 metres downdip. The results for six new holes reported herein are from two cross sections spaced approximately 100 metres apart in the central portion of the vein structure. In each case, the results confirm the near-surface interpretation established from surface mapping and earlier drilling, while at depth the vein structure appears to widen, bifurcate, and display increasing base metal content. Of particular note is the occurrence of very high grade intervals in holes AE-DDH-07-28 and 07-56 on Section 11NW.

Section 11NW
Est. True
Hole # Interval (m) Width (m) Width (m) Au g/t Ag g/t Cu%

AE-DDH-07-28 117.60 - 121.60 4.00 3.28 24.80 199.2 3.30

AE-DDH-07-56 125.00 - 125.65 0.65 0.49 17.70 399.0 0.67

" 134.25 - 138.80 4.65 3.51 10.00 28.0 1.28

" 149.00 - 156.30 7.30 5.51 13.84 140.3 3.07

AE-DDH-07-80 160.50 - 176.90 16.40 9.20 1.44 21.5 0.80

" 188.45 - 206.80 18.35 10.30 4.79 6.5 0.24

Section 8NW:
Est. True
Hole # Interval (m) Width (m) Width (m) Au g/t Ag g/t Cu%

AE-DDH-07-37 53.45 - 58.25 4.80 4.30 0.90 11.2 0.34

AE-DDH-07-36 144.10 - 146.10 2.00 1.40 17.27 208.0 2.73

AE-DDH-07-84 279.40 - 319.90 40.30 35.46 Five narrow/low grade
quartz vein intervals

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-accredited laboratory. Standard reference materials, blanks and field duplicates were inserted prior to the shipment from site to monitor the quality control of analytical data.

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 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 22,200 hectare Invicta gold-silver-copper advanced exploration stage project; 67% 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

This news release may use terms such as "inferred resources", "indicated resources", "measured resources", and "mineral resources". These terms are recognized and required by Canadian securities regulations (under National Instrument 43-101 "Standards of Disclosures for Mineral Projects"). Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Assessment as defined under National Instrument 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

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