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

Andean American Gold Corp.

March 17, 2008 09:00 ET

Andean American Mining Engages Vantage Communications for Investor Relations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Andean American Mining Corp. (TSX VENTURE:AAG)(BVL:AAG)(FRANKFURT:AQN) announced today that it has retained the services of Vantage Communications Ltd., a Vancouver based Investor Relations service provider, to act as a marketing and investor relations consultant for the Company. Vantage is a leading provider of Investor Relations services with innovative strategies, including telephone, email and online information dissemination. Vantage aims to increase the flow of information to shareholders, potential investors and financial institutions throughout the investment community.

Vantage will provide investor relations services commencing March 15, 2008 and terminating June 1st, 2008. An additional twelve month term consisting of 4 three-month sub-terms will commence on June 1, 2008 and terminate on June 1, 2009, subject to TSX Venture Exchange approval.

Vantage will receive a monthly fee of CAD$6000, plus approved disbursements. Vantage will, upon engagement and subject to Board and regulatory approvals, receive a stock option package of 50,000 shares priced at CAD$0.74 per share valid for three years. Upon decision to move forward with an additional twelve month program, a new total of 300,000 shares will be issued to Vantage which will include the 50,000 initial shares and will be issued quarterly in allotments of 75,000 per quarter at the initial stake price of CAD$0.74. 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.

On behalf of Andean American Mining Corp.,

John Huguet, Chairman & CEO

About Vantage:

Founded by Mark Chadwick and Kyle Johnston in May 2006, Vancouver based Vantage provides clients with innovative investor relations strategies, including telephone, email and online information dissemination. Vantage aims to enhance the flow of information to shareholders and potential new shareholders while increasing market awareness throughout the investment community. Vantage currently maintains a website - www.vantagewire.com - which provides free real-time stock quotes to its subscribers.

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 Invicta gold-silver-copper advance exploration stage project; 58% of Sinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project; and the Santa Rosa property, which is a producing open-pit mine. For further information go to www.andeanamerican.com.

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 www.sedar.com.

SEDAR Profile # 00003879

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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