AndeanGold Ltd.
TSX VENTURE : AAU

AndeanGold Ltd.

May 12, 2009 09:00 ET

AndeanGold Reports Additional Positive Assay Results Including 50.6 g/t Au, 153.1 g/t Ag & 0.34% Cu Over 2.2 Metres, Rio Seco Project, Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2009) - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU) is pleased to report additional positive assay results from a recently completed detailed structural and geological mapping and trenching program (the "Program") on the Company's Rio Seco Project (the "Project"), a gold property (approximately 3,325 hectares) with associated silver and copper, located in the Department of Libertad, Peru. To date, four mineralized zones and ten main vein systems have been identified. The Program focused on the West Zone, the principal mineralized trend that lies within a shear system created by two major N-S faults exhibits both potential open pit stockwork targets and potential underground multiple vein targets.

The Company previously reported positive assays from samples taken principally from the Stockwork Target (See news release of April 20, 2009). During the last two weeks of the Program, sampling activity was focused principally on the underground potential of the Multiple Vein Target (the "MVT") within the West Zone. The MVT is contiguous with and south of the Stockwork Target. Numerous past artesian mine workings are present in the MVT and samples were taken from both old adits (5 to 160m in length) and from surface outcrops. The two principal vein structures that occur in the MVT, Vein 3 and Vein 4, both have an approximate strike length to date of 200m. A total of 31 channel samples were taken from Vein 3 and 54 channel samples were taken from Vein 4.

VEIN 3:

The assay results reported for Vein 3 were particularly encouraging and included:



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SAMPLE SAMPLE (Metres) (g/t) (g/t)
LOCATION TYPE WIDTH AU AG CU
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Adit Channel 1.20 3.37 48.20 0.18%
Adit Channel 2.20 50.60 153.10 0.34%
Adit Channel 2.00 1.73 60.20 4.97%
Adit Channel 1.00 7.37 17.10 0.08%
Adit Channel 0.30 19.10 221.60 0.32%
Outcrop (i) Chip 10.00 4.86 55.40 0.24%
Outcrop Channel 1.80 3.47 40.70 0.17%
Outcrop Channel 2.30 5.60 28.20 0.29%
Outcrop Channel 0.70 5.97 69.00 0.11%
Outcrop (i) Channel 0.30 2.90 13.60 2.08%
Outcrop (i) Channel 1.00 2.95 82.80 1.26%
Outcrop (i) Channel 3.00 3.15 34.60 0.41%
Outcrop Channel 2.20 3.29 27.70 0.42%
Outcrop (i) Channel 3.00 4.00 40.30 0.27%
Outcrop (i) Channel 1.00 5.87 74.90 0.12%
Outcrop Channel 0.80 6.43 78.10 0.12%
Outcrop (i) Channel 0.40 13.80 93.70 0.73%
------------------------------------------------------

(i) Assay result reported previously.


Overall, the weighted average assay results for the 31 Vein 3 channel samples were:

4.81 g/t Au, 41.7 g/t Ag, 0.51% Cu

These results were over widths ranging from 0.30 - 10.00m, with an average width of 1.94m.

VEIN 4:

The weighted average assay results for the 54 channel samples taken from Vein 4 were of a lower tenor than Vein 3, as follows:

1.16 g/t Au, 14.4 g/t Ag, 0.21% Cu

These results were over widths ranging from 0.11 - 3.00m, with an average width of 0.90m.

The Company is presently preparing the requisite permitting applications to initiate a Phase I drill program on the Rio Seco Project focusing initially on the 600 x 100m Stockwork Target and Vein 3 of the MVT.

All samples from the Rio Seco Project were sent to the Inspectorate laboratory in Lima, Peru for sample preparation and assaying.

Mr. Anthony F. Ciali, President and CEO, stated, "We are extremely pleased with the overall results of the recently completed Program on the Rio Seco Project. The assay data indicate an average surface grade of 1.06 g/t AUE for the areas tested in the potential open pit Stockwork Target and these, along with positive assay results from the potential underground Multiple Vein Target, in particular Vein 3, warrant a serious drilling test."

See the enclosed map of the Rio Seco Project outlining the mineralized targets within the West Zone and the Company's concession blocks.

Dr. William F. Lindqvist, a director of the Company, is the Qualified Person in compliance with National Instrument 43-101 with respect to this release.

To view accompanying map, please click on the following link: http://media3.marketwire.com/docs/AAURioSeco.pdf

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 Rio Seco 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, which, among other provisions, provided for the suspension of exploration activities in Ecuador for a period of 180 days. Ecuador recently passed a new Mines Law, which replaces the Mining Mandate, and is working on developing regulations and finalizing terms and conditions of future mining operations. The Company looks forward to working with government officials to this end, and is actively pursuing authorization to reinitiate work programs on its key Ecuadorian projects.

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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