SOURCE: Andes Gold Corp.

March 23, 2010 08:00 ET

Andes Gold Corp. Reports Analyst Coverage by GS Equity Research

NEW YORK, NY--(Marketwire - March 23, 2010) -  Andes Gold Corporation, (PINKSHEETS: AGCZ), announced today that equity research firm, Gluckstein & Silverspoon Research, has initiated research coverage on AGCZ with a Speculative Buy Rating and $0.32 price target. The Report provides investment opinion & target price, a description of the Andes Gold investment opportunity, and a summary of the company's growth strategy and associated risk factors.

"We are pleased with the findings of Gluckstein & Silverspoon Research which confirms that our company is well undervalued at our stock's current pricing level," stated Alex Diaz, President of Andes Gold. "Retaining GS Equity Research services will enable our actual shareholders and members of the investment community, to become more aware of the significant potential of our company," added Mr. Diaz.

The Report can be accessed at:
http://www.glucksteinsilverspoon.com

About Gluckstein & Silverspoon Research
Gluckstein & Silverspoon Research is an equity research service company dedicated to increasing the visibility of innovative and growing private and public companies that represent extraordinary investment opportunities. Regardless of the size of the client, our research and advisory services provide additional value and assistance in realizing a company's goals, enabling it to achieve its fullest potential.

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: www.andesgold-ir.com

Important Information:

About Forward-Looking Statements: Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on the Company's website does not constitute a part of this release.

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