Andean American Gold Corp.
TSX VENTURE : AAG
FRANKFURT : AQN

Andean American Gold Corp.

April 23, 2007 10:25 ET

Andean American Mining Engages CHF Investor Relations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 23, 2007) - Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) -

Andean American Mining Corp. announced today that it has retained the services of CHF Investor Relations (Cavalcanti Hume Funfer Inc.) of Toronto and Calgary, Canada's longest established and one of its most respected IR firms.

John Huguet, Chairman and CEO, commented: "We are committed to proactively increasing and improving investor awareness of Andean American, in particular its dynamic resource interests and compelling growth potential. Having CHF Investor Relations become a part of our IR initiatives will contribute solidly to our interests."

Commencing immediately, subject to TSX Venture Exchange approval, CHF will provide investor relations and market-making services for a term of twelve (12) months. Upon successful completion of the contract on April 30, 2008, services may continue in the absence of written notice by either party on a month to month basis thereafter whereby termination would require three months' prior notice in writing.

CHF will receive a monthly fee of $7,500, plus approved disbursements. CHF will upon engagement, and subject to Board and regulatory approvals, receive a stock option package of 125,000 shares priced at CAD$0.75 per share and 200,000 shares priced at CAD$1.00, valid for three years. These non-assignable, non-transferable options are subject to the dictates of the Company Stock Option Plan and the usual vesting rules of the Exchange. In the event of termination of this agreement, any outstanding options would expire after 30 days, as dictated by the rules of the TSX Venture Exchange.

CHF's investor relations services are delivered in accordance with TSX Venture Exchange Policy 3.4.

About CHF Investor Relations

CHF Investor Relations, a proactive, results-driven firm, offers premium IR service to an international portfolio of client companies operating in a broad range of industries including mineral producers, mining exploration and development, high-tech, biotechnology, oil and gas and special situations. CHF provides comprehensive IR representation to the Canadian audience through their offices in Toronto and Calgary. For more information, please visit their website at www.chfir.com.

About Andean American Mining

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 9,000 hectare Santa Rosa property, which is a producing open-pit mine; the Invicta gold-silver-copper pre-feasibility stage project; and 74% of Sinchao Metals Corp., owner of the Sinchao gold-silver-copper-zinc polymetallic mineralization project.

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