AndeanGold Ltd.
TSX VENTURE : AAU

AndeanGold Ltd.

December 09, 2010 09:00 ET

AndeanGold Announces Board of Directors and Management Appointments

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2010) - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU) is pleased to announce that Messrs. Fernando Pickmann and Thomas Kelly have been appointed to AndeanGold's board of directors. Mr. Paul Grist, a co-founder of the Company, has resigned as a director to facilitate the expansion of the board by the addition of the two new directors.

Mr. Pickmann, a practicing lawyer based in Lima, brings more than 15 years of commercial and mining law experience to the Company. Mr. Pickmann received his Professional Degree in Law from the University of Lima in 1994 and his Masters Degree in Law (L.L.M) specializing in Business Legal Advice from the Law School at the Instituto de Empresa IE in Madrid Spain in 1997. He worked for Centromin Perú S.A., the Perúvian Government's mining privatization arm from 1997-98 and has practiced law in private firms since 1998. Mr. Pickmann has been instrumental in assisting the Company in establishing its operations in Peru and brings a unique combination of corporate experience in both the Peruvian and Canadian mining industries to AndeanGold.

Mr. Kelly has Bachelor and Masters Degrees in Mining Engineering from the Colorado School of Mines and is a Fellow of Aus.IMM and a Registered Member of SME. He has over 36 years of world-wide mineral industry experience including underground and open pit mining, project development, project management, corporate management and consulting services. Mr. Kelly has held senior positions with Freeport-McMoRan Copper & Gold Inc., AMEC Americas, Inca Pacific Resources Inc. and other recognized industry-leading companies. He is a recognized expert in project management and development. Mr. Kelly is based in Lima, Peru.

The Company also is pleased to announce that Mr. David Cross has been appointed Chief Financial Officer of the Company. He replaces Mr. John Watt who has resigned his position to pursue other interests. Mr. Cross is currently a partner in the firm of Cross Davis & Company LLP Certified General Accountants which focuses on providing accounting and management services for publicly listed entities. His past experience consists of senior management positions, including five years at Davidson & Company LLP Chartered Accountants as Manager. Prior to that, he spent six years with Canadian Communication Products Inc. as its Assistant Controller and three years at Chartered Accountant firms. He is also the CFO of several other TSX-V listed junior mining companies

Anthony F. Ciali, President & CEO said, "Fernando Pickmann and Tom Kelly, both based in Lima, Peru and with extensive experience in Peru and Latin America, will be invaluable to AndeanGold as we advance the Company's interests in Peru and, in particular, the Urumalqui Project. The board of directors wishes to welcome Fernando and Tom to the Board and to thank Paul Grist for his valuable services to the Company since its formation. In addition, the board of directors wishes to welcome David Cross to the Company and to thank John Watt for his past services."

About AndeanGold Ltd:

AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador. The focus of the Company's exploration activities is presently in advancing its Urumalqui Project, as well as pursuing mineral property acquisitions, in Peru. In Ecuador, the Company's activities have been limited to administrative and legal matters due to the Mining Mandate issued by the Ecuador Constituent Assembly on April 18, 2008. In November 2009, President Correa signed the Mining Regulations into law pursuant to the requirements of the new Mines Law, which was passed in January 2009. This was the final legal precursor to the re-initiation of exploration and mining development in Ecuador. The Company has been issued new mining titles under the new Mines law to its three key Ecuadorian projects and has filed the requisite documents with the Ministry of Non-Renewable Natural Resources and Ministry of Environment in support of the Company's request to renew exploration programs on its key projects in Ecuador. The Company is actively working with government officials to achieve this end.

Please refer to AndeanGold's website at www.andeangoldltd.com for further information on the Company's projects and activities.

On Behalf of the Board of Directors of ANDEANGOLD LTD.

Anthony F. Ciali, President, CEO and Director

Neither the 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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