ANDINA Minerals Inc.

ANDINA Minerals Inc.

March 12, 2009 13:43 ET

Andina Strengthens Board of Directors

TORONTO, ONTARIO--(Marketwire - March 12, 2009) - ANDINA Minerals Inc. (TSX VENTURE:ADM) ("Andina") is pleased to announce that, effective immediately, Mr. Patrick Downey and Mr. Melvyn Williams have joined Andina's Board of Directors as independent Board members.

Mr. Patrick Downey is President and Chief Executive Officer of Aura Minerals Inc. bringing with him over 25 years of international experience in the resource industry. Mr. Downey was President, Chief Executive Officer and Director of Viceroy Exploration Ltd. prior to its acquisition by Yamana Gold Inc. in 2006. Prior to that, he was President of Consolidated Trillion Resources Ltd. and Oliver Gold Corporation, where he negotiated the successful merger to form Canico Resource Corp., which was purchased in 2006 by CVRD. He has held senior engineering positions at several large-scale gold mining operations and has also held operating positions at several mining projects for Anglo American Corporation in South Africa.

Mr. Melvyn Williams is currently Senior Vice President, Finance and Corporate Development with Apollo Gold Inc. Mr. Williams has over 30 years of financial experience, much of that time spent within the mining industry. From November 2003 through January 2004, Mr. Williams served as Chief Financial Officer of Atlantico Gold, a private Brazilian mining company which held the Amapari gold project, and was sold to Wheaton River Minerals Ltd. in January 2004. From 2000 to November 2003, he served as Chief Financial Officer of TVX Gold Inc., a gold mining company with five operating mines and an advanced development project in Greece. His background also includes services with Star Mining Corporation, LAC North America, Riominas LSDA and Rossing Uranium, (both of which are Rio Tinto subsidiaries). Mr. Williams is a Charter Certified Accountant and received an MBA from Cranfield in the United Kingdom.

"I am delighted Patrick and Mel have agreed to join Andina's Board. With the addition of these gentlemen, we have expanded the breadth and depth of the skills and experience of our board members and further enhanced the Boards effectiveness in assisting management transition from the development company we are today to a gold producer in the future," said Sean Harvey, Chairman.

In connection with the Board appointments, 250,000 options have been granted, having a strike price of CDN$1.52 and expiring March 12, 2014.

About Andina Minerals Inc.

Andina is an Americas-focused exploration and development company, with a portfolio of precious metals exploration projects in Chile, including its flagship Volcan Gold Project, strategically located in the Maricunga Gold Belt.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Andina Minerals Inc.
    George M. Bee
    President & CEO
    (416) 203-3488
    (416) 203-3438 (FAX)
    Andina Minerals Inc.
    Tracey M. Thom
    Vice President, Investor Relations
    (416) 203-3488
    (416) 203-3438 (FAX)