Andean Resources Ltd.
TSX : AND
ASX : AND

Andean Resources Ltd.

July 12, 2007 01:32 ET

Andean Resources Ltd. Building Management Team

PERTH, AUSTRALIA--(Marketwire - July 12, 2007) - Andean Resources Ltd. ("Andean" or "the Company") (TSX:AND)(ASX:AND) is pleased to announce that it has hired a Chief Financial Officer and a Chief Engineer as the Company plans to move its Cerro Negro project forward with Feasibility Studies and ultimately, gold and silver production.

Mr. Heber Sheffield has been hired as the Chief Financial Officer, who comes with experience as Vice Chief Financial Officer for Vodafone in Asia, Corporate Controller for Vodafone Americas, Director of Finance and other key financial positions for AirTouch Communications and its predecessor companies in Walnut Creek, California. Prior to that, Mr. Sheffield was a Senior Auditor at Price Waterhouse Coopers and is a CPA in the United States. Mr. Sheffield currently resides in Salt Lake City and has previously lived in South America for two years.

Mr. Pete Blakeley has been hired as the Chief Engineer, who leaves his role as Senior Advisor of Mining at Rio Tinto in Salt Lake City with a wealth of geologic and mining experience at several mining companies including Phelps Dodge, Glamis Gold and Meridian Gold. Over the past 20 years, Mr. Blakeley has served in various roles including mine geologist, senior mining engineer, and also as mining superintendent of successful mining operations. Mr. Blakeley holds a Bachelors of Science in Geologic Engineering from Montana College of Mineral Science and Technology.

Andean Resources Chief Executive Officer, Wayne Hubert, commented, "I am extremely please to have both Heber and Pete join the Andean team as they both bring important skills that will enable our advance to production. Heber brings the financial expertise and discipline to help implement controls and reporting procedures within three jurisdictions, while developing a financing strategy to improve shareholder returns. Pete brings the engineering and operating experience to lead the Cerro Negro engineering studies through to production. I welcome them both and look forward to their contributions."

Andean Resources Ltd., is an Australian based company, exploring for gold and silver resources in the Andes. Andean is listed on the Australian Stock Exchange under the ticker symbol AND, and more recently has been listed on the Toronto Stock Exchange under the ticker symbol AND.

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