SOURCE: Andes Gold Corp.

February 11, 2010 08:30 ET

Andes Gold Acquires Ownership of Confraternidad Concession

NEW YORK, NY--(Marketwire - February 11, 2010) - Andes Gold Corporation. (PINKSHEETS: AGCZ) announced today that it has concluded the acquisition of the Confraternidad Concession with a 5% stake in this neighboring property.

The company is pleased to announce that it has concluded negotiations on the Confraternidad Concession and will begin preliminary work immediately to evaluate the long term potential of this new neighboring property.

"The company's focus has been to build from our solid base operation at the Miranda mine and grow in a logical well planned direction, the new acquisitions of the Confraternidad Concession for a 5% stake along with the recently acquired Roman Mine are important steps for our long term future growth," stated Alex Diaz, President of Andes Gold. Furthermore, "As a company we believe that these two recent acquisitions add good value for our shareholders," added Mr. Diaz.

Andes Gold Corporation is a gold producing and exploration company with operations in Ecuador (South America). In the post market melt-down of 2008 the world took shelter in the security of gold, pushing the value to over $1,100 USD per ounce by January 2010. Producing gold properties such as Andes Gold will continue to enjoy increased prosperity which can only improve if the price continues to climb.

About Andes Gold Corporation:

Andes Gold Corporation is a United States of America registered public company currently operating a gold mining and exploration corporation, through its wholly owned subsidiary company Compania Minera PLS.A. in Ecuador (South America), which controls a Gold mining and exploration concession called the Miranda Alto. For more information please visit:

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