Andean American Gold Corp.
TSX VENTURE : AAG
FRANKFURT : AQN

Andean American Gold Corp.

June 11, 2008 08:30 ET

Drilling Extends Mineralization to Depth at Andean American's Invicta Project; Intersects 1.90 Metres Grading 5.28 g/t Gold in Step Out Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2008) - Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN)(BVL:AAG) is pleased to report additional results from step out drilling on the Atenea Structure at its Invicta Property in Peru. The Company is currently mapping and drilling both east and west of the structure in order to further define the mineralization potential of the property.

"We are very pleased with the results from these two holes, which confirm our model that the Atenea Structure continues to the Pucamina Vein, approximately 250 metres further to the east," states President Andrew Gourlay. "The Atenea Structure has now been connected with the Dany Vein and the Pucamina Vein by mapping and diamond drilling over a strike length of more then 2.7 kilometres. Hole 117 has confirmed that the Atenea Structure and mineralization continues at least 250 metres below the current drilling, and opens up the potential for a significant increase in the resource at the Invicta Project."

Drill Hole AE-DDH-08-120 was drilled on the eastern extension of the Atenea Structure, between the Atenea and Pucamina Structures. Drill Hole AE-DDH-08-117 was drilled beneath the Atenea Structure to test for the depth extension of this structure.



Drill Hole AE-DDH-08-120 intersected:

Interval (m) Width (m) Au g/t Ag g/t Cu % Pb % Zn %

183.9 - 185.8 1.90 5.28 3.1 0.01 0.01 0.04

210.65 - 211.95 1.30 6.04 33.7 0.43 1.23 1.09


Drill Hole AE-DDH-08-117 intersected:

238.45 - 240.0 1.55 0.17 17.7 0.58 0.31 0.13

594.7 - 597.65 2.95 0.07 11.9 0.40 0.05 0.02

636.0 - 644.0 8.0 0.03 7.8 0.53 0.01 0.02


These are drill intersections and true widths have not yet been determined.

The 41,500 hectare Invicta Property hosts massive to semi-massive style gold-silver-copper mineralization. The Property is located in west central Peru approximately 250 kilometres by road northeast of Lima, at an elevation of 3,400 metres. The Atenea Vein Structure consists of quartz-cemented hydrothermal breccia with variable amounts of pyrite, chalcopyrite, galena, sphalerite and traces of bornite. The quartz varies from white to grey, and displays acicular crystals, cockade textures and open spaced filling, with rare vugs lined with quartz crystals to 5cm size. The sulphides within the quartz vary from semi-massive to massive.

Current resource estimates include 4,739,500 tonnes grading 2.73 g/t Au, 18.3 g/t Ag and 0.45% Cu in the measured and indicated categories, with an additional 6,088,700 tonnes grading 1.44 g/t Au, 15.7 g/t Ag and 0.53% Cu in the inferred category. Resource estimates are from the NI 43-101 Invicta Technical Report filed on SEDAR and dated July 24, 2007. Wardrop Engineering Inc. is currently preparing an updated resource estimate based on data from the 13,000m 2007 drill program.

Mr. Andrew Gourlay, P. Geol., President of Andean American Mining Corp., is a Qualified Person as defined in the Canadian Securities Administrators National Instrument 43-101 with the ability and authority to verify the authenticity and validity of technical and scientific data. This news release has been prepared under Mr. Gourlay's supervision. All samples were prepared and analyzed by CIMM Labs in Lima, Peru, an ISO-accredited laboratory. Standard reference materials, blanks and field duplicates were inserted prior to shipment from site to monitor the quality control of the analytical data.

On behalf of Andean American Mining Corp.,

John Huguet, Chairman & CEO

Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN)(BVL:AAG) is an international mining and exploration company focused on growth. The Company is actively pursuing new targets of potential early stage gold and silver prospects in Peru and currently has two key assets: the 41,500 hectare Invicta gold-silver-copper advanced exploration stage project; 58% of Sinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project.

This news release may contain forward-looking information within the meaning of the Securities Act (Ontario) ("forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of gold and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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