SOURCE: Andes Gold Corporation

June 25, 2012 09:00 ET

Andes Gold Corporation Completes New Mill in Peru

BOCA RATON, FL--(Marketwire - Jun 25, 2012) - Andes Gold Corporation (PINKSHEETS: AGCZ), a gold mining company with existing operations in Ecuador, is pleased to announce that it has completed a new 50 ton per day mill in Peru using water flotation and an agitator tank for cyanidation.

The mill has two circuits: one for ore water flotation (sulfides) and a circuit for ore cyanidation. There are three vertical flotation tanks and one large agitation tank for cyanide. See pictures on the website www.andesgoldmine.com. The new mill will significantly increase Andes cash flow as it reaches capacity over the next 90 days. The Company has two(2) producing gold mines and two(2) fully operating mills/smelters. At capacity the mills can produce 220 tons of ore per day.

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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