AndeanGold Ltd.
TSX VENTURE : AAU

AndeanGold Ltd.

April 13, 2009 09:00 ET

AndeanGold Update on Rio Seco Project, Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 13, 2009) - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU) is pleased to provide an update on the Company's Rio Seco Project, a gold property with silver and copper credits, located in the Department of Libertad, Peru. To date, four mineralized zones and ten vein systems have been identified. The current work program has extended the stockwork target area along strike by 300m, to approximately 600m. The Company signed Assignment and Purchase Option Agreements in December 2008 with three private concessionaires who controlled eleven concessions (1,325 hectares) and made exploration applications to acquire six contiguous concessions (approximately 2,000 hectares). (See news release of December 17, 2008)

The principal mineralized zone, the West Zone, lies within a shear zone created by two major N-S faults and exhibits both open pit (stockwork target area) and underground (multiple vein zone target) mining potential. Assay results from the 2008 trench program of outcrops created by the dirt road access through the West Zone included: (See news release of February 9, 2009)

Stockwork Target:

- 1.35 g/t gold and 6.42 g/t silver over 18.0 metres and 1.92 g/t gold and 10.24 g/t silver over 30.0 metres in channel samples.

Multiple Vein Zone Target:

- Up to 13.8 g/t gold and 93.7 g/t silver over 0.40 metres in a channel sample.

In January 2009, the Company initiated trenching, sampling, mapping and structural analysis programs on the West Zone, which have been essentially completed, with final assay results expected in late April. The initial results of these programs have been encouraging:

- The mineralized quartz stockwork target area, originally estimated at 300m long by 100m wide, has been expanded to approximately 600m long by 100m wide and is inferred to be open along strike to the north.

- The multiple vein zone target area is presently estimated at approximately 300m long by 150m wide and remains open to the south.

- Reconnaissance work has identified three new mineralized structures approximately 300m south of the multiple vein zone.

- The preliminary conclusion of the Company's geological project team is that a Phase I drilling program is justified, initially to confirm the depth, strike extent and grade of the stockwork target area. A final decision on the timing of a drilling program will be made in late April after a final report on the current exploration programs has been finalized and assessed by management.

While there are several exploration targets of interest on the Rio Seco Project, the Company's principal interest is the timely testing and advancement of the open pit potential of the stockwork target area, with the objective of establishing a low-grade, bulk mineable, heap leach mineral resource, if economic grades are present. The infrastructure in the Project area to support such an operation is excellent:

- The Project is located approximately 33 km southeast of the city of Trujillo (+1 million in population). There is excellent road access to the Project (45 minutes from Trujillo), mainly along the Pan American Highway and a well-compacted dirt road to the Project (10 kilometres east of the highway turnoff).

- A major power line to Trujillo runs parallel to the Pan American Highway and a large water channel operated by a government unit of Libertad runs through the Project area. The government sells the water for irrigation purposes along the coast, and Company representatives have made preliminary enquires of the government about purchasing water for a mining operation.

- An industrial port is located 15 kilometers to the north of the Pan American Highway turnoff.

- The Project is located at an altitude of between 200m to 600m and has an arid and dry climate, which would be conducive to a heap leach operation.

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.

About AndeanGold Ltd.:

AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties in Peru, Colombia and Ecuador. The focus of the Company's exploration activities is presently in Peru and Colombia, where the Company is pursuing mineral property acquisitions and has signed several exclusivity and confidentiality agreements with various concessionaires. 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.

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

The statements contained in this news release that are not purely historical are forward-looking statements. Forward-looking statements may relate to the success of any of the company's strategic initiatives, the company's expectations, beliefs, growth and future prospects, and the company's position in the market and future opportunities therein. Forward-looking statements may also include, without limitation, any express or implied statement relating to future events, industry performance, general business and economic conditions or circumstances, regulatory and legal requirements, and other matters, many of which are beyond the control of the company. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. All forward-looking statements included in this news release are based upon information available to the company as of the date hereof and the company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.

No stock exchange has approved or disapproved the information contained herein.

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