AndeanGold Ltd.
TSX VENTURE : AAU
LMA : AAU

AndeanGold Ltd.

October 16, 2014 11:00 ET

AndeanGold Announces Board of Directors Appointments

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2014) - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU)(LMA:AAU) is pleased to announce that Messrs. Diego Angulo and Alexander Pena have been appointed to AndeanGold's board of directors.

Mr. Angulo, who is based in Lima, Peru, is Consulting Manager - Geology and Mining at AMEC, Peru. He has over 15 years of operating, consulting and management experience in South America, including mine planning and design, project evaluations, trade-off studies, operations reviews and audits, due diligence for M&A purposes and NI 43-101 Technical Reports. He has a MBA from McGill University and a BS Mining Engineering from the Pontificia Universidad Católica del Perú.

Mr. Pena is a Pure mathematician, entrepreneur and investor based in Lima, Peru, who has more than 10 years of experience in the capital markets. For the past 7 years, he has been an asset manager focusing on the mining sector and, in particular, junior mining, and has been an advisor to junior companies in the Peruvian capital markets. He is a partner-director of In Situ Inmobiliaria S.A.C., a real estate company based in Lima, Peru. Mr. Pena has been instrumental in assisting AndeanGold raise financing in Peru and is a shareholder of the Company. Mr. Pena has a political science degree from the University of Paris and has done PhD studies in Brazil, France and Germany.

Anthony F. Ciali, President & CEO said, "We are very pleased to welcome Diego Angulo and Alex Pena to the board and look forward to working with them. Both have extensive experience in Peru, and will be invaluable to AndeanGold as we advance the Company's interests in Peru and, in particular, the Urumalqui Project."

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 ("MRNNR") in support of the Company's request to renew exploration programs on its key projects in Ecuador. In September 2012, the Company received authorization from the MRNNR to renew exploration programs on its 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.

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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