SOURCE: Andes Gold Corporation

August 06, 2012 23:58 ET

Andes Gold Corporation Adds Milling Capacity Through Purchase in Peru

BOCA RATON, FL--(Marketwire - Aug 6, 2012) - Andes Gold Corporation (PINKSHEETS: AGCZ), a gold mining company with existing operations in Ecuador, is pleased to announce that it has purchased a second mill in Peru with a capacity of 20 tons per day. The Company expects to upgrade this mill to a capacity of 40 tons per day. With the upgrades the Company will have an overall milling capacity of 90 tons per day in Peru. The Company has 2 producing gold mines and 3 fully operating mills/smelters. At capacity, the mills can produce 240 tons per day with a projected average head grade of 1.0 oz of gold per ton. 

Andes Gold Corporation trades in the United States on the OTC Pink under the symbol "AGCZ." For further information, please contact the Company at (561) 210 8496 or www.andesgoldmine.com or investors can find real time quotes and market information for the Company on www.otcmarkets.com.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and Andes Gold Corporation's ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences, except as required under applicable laws.

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