SOURCE: Andes Gold Corp.

January 07, 2010 16:00 ET

Andes Gold to Begin Tailings Operations

NEW YORK, NY--(Marketwire - January 7, 2010) - Andes Gold Corporation. (PINKSHEETS: AGCZ) announced today that it is to begin Phase I preliminary assessment of its tailing operations.

The company is proceeding with its Phase I preliminary assessment of its tailing operations after accumulating 5000 tonnes of tailings from several months' production on its own properties as well as several neighboring operations. It is anticipated that there will be an approximate return of 3.5 grams of Gold per tonne of tailings with an approximate gross value of $700,000 at current bullion prices. This is in addition to the company's regular production.

"This preliminary assessment of the tailings operation is anticipated to be very profitable for the company and we believe we will be in full tailings operation within the next several months," 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 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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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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