AndeanGold Ltd.
TSX VENTURE : AAU
LMA : AAU

AndeanGold Ltd.

January 28, 2015 19:48 ET

AndeanGold Announces Board of Directors Appointment

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 28, 2015) - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU)(LMA:AAU) is pleased to announce that Mr. Ricardo Arrarte Grau has been appointed to AndeanGold's board of directors. Mr. Tom Yarmon, a director of the Company, has been appointed the Company's Chairperson.

Mr. Arrarte, who is based in Lima, Peru, is a Mining and Mechanical Engineer, with an MBA in Operations Management from George Washington University in Washington, USA and a Mining and Mechanical Engineering degree from Pontifica Universidad Catolica del Peru in Lima. He is a 16-year veteran of underground gold and silver and other minerals mining operations, management areas, planning, metallurgical processes, ground support, energy systems and maintenance, equipment selection, logistics and project management. He is currently Corporate Mine Manager at FOSFATOS DEL PACIFICO SA - FosPac/ CEMENTOS PACASMAYO SAA - CPSAA, Lima, Perú. FosPac is a joint venture between CPSAA and Mitsubishi Corporation to develop the Bayovar Phosphate deposit.

Alexander Peña, Interim President & Interim CEO said, "We are very pleased to welcome Ricardo to the Board and as a shareholder, and look forward to working with him. With his extensive experience in Peru, he will be a valued addition to the Board of AndeanGold as we advance the Company's interests in Peru and, in particular, the Urumalqui Project. AndeanGold now has two mining engineers on the Board in line with our plans for Urumalqui. They have both agreed to serve on our Technical Committee to plan steps to complete work to study the feasibility of transforming the project from an exploration property to a mine.

About AndeanGold Ltd:

AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of metals properties, principally in Peru and Ecuador. The focus of the Company's exploration activities is presently in advancing its Urumalqui Project. In Ecuador, the Company's activities have been limited to maintaining its three properties. In September 2012, the Company received authorization from the MRNNR to renew exploration programs on its Ecuadorian Curiplaya Project. 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.

Alexander Peña Böttcher, Interim President and CEO

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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