SOURCE: Andes Gold Corp.

January 08, 2010 16:00 ET

Andes Gold to Acquire Roman Mine

NEW YORK, NY--(Marketwire - January 8, 2010) - Andes Gold Corporation. (PINKSHEETS: AGCZ) announced today that it has opened final discussions to acquire the "Roman Mine," a neighboring property.

The company is pleased to announce that the negotiations for the strategic acquisition of the "Roman Mine" are well underway; discussions started in July of 2009. The property has huge advantages to the company as it has an additional access road, site for an expanded work camp and will add a new access tunnel making three tunnels in total. The company expects to conclude this acquisition on or before February, however several milestones including feasibility study and long range production goals need to be completed as part of the due diligence process.

"The acquisition of the Roman Mine will add two new virgin gold veins of ore production," stated Alex Diaz, President of Andes Gold.

Andes Gold Corporation is a gold producing and exploration company with operations in Ecuador (South America). In the post market meltdown 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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