Andover Mining Corp.

Andover Mining Corp.

October 15, 2012 09:00 ET

Andover Adds Strike Length to S.W. SUN Deposit, SUN District, Ambler Mineral Belt, Alaska

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2012) - Andover Mining Corp. (TSX VENTURE:AOX)(OTCBB:AOVTF)(FRANKFURT:R2X) ("Andover" or the "Company") is pleased to announce that the last of the drill assays have been received from the 2012 drilling campaign at the SUN project, Ambler Mineral Belt, Alaska.

Assays have been received from drill hole SUN 12-44, which was completed on September 05, 2012. Drill hole SUN 12-44 is approximately 100 meter southwest of all previous drilling at the S.W. SUN Deposit. Results are summarized in the following table:

SUN-12-44 -60/320 283.8 238.0 241.8 3.8 2.9 2.40 0.07 0.42 9.8 0.541

Previous results from S.W. SUN drilling were reported in news releases dated September 05, 2012, Aug 22, 2012 and July 18, 2012.

The 2012 drill program is now completed and all the drills, equipment and staff have been successfully demobilized from the site.

"SUN 12-44 is an exciting hole in the development of the S.W. SUN Deposit," said Kent Turner, Andover's Chief Operating Officer. "It not only serves to demonstrate both an additional 100 meters of strike length to the deposit with open down-dip potential, but importantly the copper grade is significantly higher than that seen in SUN 12-30 and SUN 12-34, the 2 next closest holes to the northeast. Perhaps more importantly still, the S.W. SUN Deposit remains wide open on strike to the southwest and down dip. As the outcrops have disappeared beneath talus and scree cover in this direction, the additional strike potential towards the southwest remains undefined. With this new additional strike length and still open on strike at S.W. SUN, the new discoveries at STU and SAL and our success at defining new mineralization at Main SUN, the drill-demonstrated mineralization in the SUN District continues to impress."

The 2012 drill core was logged, split and boxed on site by Andover's geologists. The core was shipped to the ALS-Chemex Prep Lab in Fairbanks, Alaska. The pulps from Fairbanks were analyzed for 35 elements at the ALS-Chemex facilities in Vancouver, British Columbia and the gold assays were performed at ALS-Chemex facilities in Reno, Nevada. Base metal over-limits were wet assayed. Blanks and standards were inserted with each sample shipment.

This news release has been reviewed by Bradley C. Peek, Certified Professional Geologist (AIPG CPG-11299) and General Manager for Andover's Ambler District projects. Mr. Peek is a National Instrument 43-101 qualified person and is responsible for the technical aspects of this news release.

About Andover:

Andover is a precious and base metal exploration and development company focused on copper exploration at its flagship asset, the SUN project, located in the Ambler Mining District, northwest Alaska. The Ambler District hosts world-class VMS deposits containing copper, zinc, lead, gold and silver. The Ambler District is one of the richest and most-prospective copper districts located in one of the safest geopolitical jurisdictions in the world. In Utah, Andover, through its 83.5% ownership of Chief Consolidated Mining Company whose lands located in the historic East Tintic Mining District, has a multi faceted development approach. The Big Hill project, where Kennecott Exploration Company can earn a 55% interest by carrying Chief through to the end of a Feasibility Study, is focused on a large porphyry copper prospect. The Burgin Complex, host to a limestone, silver lead zinc deposit has completed a PEA and is preparing this deposit and the Trixie gold mine toward exploitation.

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Gordon Blankstein, CEO and Chairman

Neither 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.

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