AndeanGold Ltd.
TSX VENTURE : AAU
LMA : AAU

AndeanGold Ltd.

October 01, 2013 09:00 ET

AndeanGold Announces Results of Annual General Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 1, 2013) - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU)(LMA:AAU) is pleased to announce the results of its Annual General Meeting of Shareholders (the "Meeting") held on September 30, 2013 in Vancouver, B.C., Canada. At the Meeting, the shareholders elected Messrs. Anthony F. Ciali, Thomas Kelly, William F. Lindqvist, Fernando Pickmann, Alberto E. Paz, Thomas N. Yarmon and Michael P. Cachia to the Board of Directors of the Company (the "Board"). Prior to the Meeting, Messrs. Dana T, Jurika and David Cross withdrew their nominations for the Board, and at the Meeting, the shareholders approved an increase in the number of directors from five to seven. The Board wishes to thank Mr. Jurika for his long and valuable service to the Company and wishes him success in his future endeavors.

Mr. Anthony F. Ciali, President & CEO of AndeanGold, states, "We are very pleased to welcome the Company's three new directors and look forward to working closely with them to advance the goals of the Company, in particular, the development of the Urumalqui Project in Peru. Mr. Paz is a businessman and entrepreneur based in Lima, Peru. He has been an investor in the mining sector in Peru for a number of years, including in AndeanGold. Mr. Yarmon is based in Toronto, Canada, and is the owner of Tankoos Yarmon Group, a real estate investment and consulting firm. In addition, he has developed significant business relationships in Peru over the past several years. Mr. Cachia is a CA, CPA and a partner with the accounting firm of Edmund Cachia & Co. LLP in Toronto, Canada."

In addition, the shareholders also approved resolutions approving: (i) the appointment of Davidson & Company LLP as auditors of the Company for the ensuing year and authorizing the directors to fix their fee, (ii) the renewal of the Company's Incentive stock option plan, and (iii) ordinary resolutions adopting the Company's Advance Notice Policy and Shareholder Rights Plan.

For details on the matters considered at the Meeting, please refer to the Company's management information circular dated August 26, 2013, which can be found under the Company's profile on SEDAR at www.sedar.com.

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 ("MRNNR") and Ministry of Environment in support of the Company's request to renew exploration programs on its key projects in Ecuador. In September 2012, MRNNR approved the Company's application to restart exploration programs on its Curiplaya Au-Cu property.

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.

Contact Information