EcuaGold Resources Ltd.

EcuaGold Resources Ltd.

October 10, 2008 09:00 ET

EcuaGold Announces Company Name Change

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 10, 2008) - EcuaGold Resources Ltd. ("the Company") (TSX VENTURE:EGR) is pleased to announce that, at its Annual and Special General Meeting of Shareholders held on September 10, 2008, shareholders approved a change of the name of the Company to AndeanGold Ltd. ("AndeanGold").

"With the Company's adoption of a revised exploration strategy to expand its exploration activities outside Ecuador, principally, in Colombia and Peru, we believe that the name AndeanGold better reflects the Company's present focus and expansion policy," said Anthony F. Ciali, President & CEO.

Effective October 14, 2008, AndeanGold will be trading under the new ticker symbol "AAU" on the TSX Venture Exchange.

About AndeanGold:

AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties in Colombia, Peru and Ecuador. The focus of the Company's exploration activities is presently in Colombia and Peru. AndeanGold controls, through wholly owned subsidiaries, a 100 percent interest in 13 granted concessions, comprising eight distinct projects, in Ecuador, covering more than 34,000 hectares. The majority of AndeanGold's concessions are located in southern Ecuador, a highly prospective region that is currently host to a number of projects. These include Aurelian Resources' Condor Project, IAMGOLD's Quimsacocha Project, International Minerals' Rio Blanco and Gaby Projects and Dynasty Metals & Mining's Copper-Gold Belt, Zaruma and Jerusalem Projects.

On Behalf of the Board of Directors of ECUAGOLD RESOURCES LTD.

Anthony F. Ciali, President, CEO and Director

The statements contained in this news release that are not purely historical are forward-looking statements. Forward-looking statements may relate to the success of any of the company's strategic initiatives, the company's expectations, beliefs, growth and future prospects, and the company's position in the market and future opportunities therein. Forward-looking statements may also include, without limitation, any express or implied statement relating to future events, industry performance, general business and economic conditions or circumstances, regulatory and legal requirements, and other matters, many of which are beyond the control of the company. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. All forward-looking statements included in this news release are based upon information available to the company as of the date hereof and the company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.

No stock exchange has approved or disapproved the information contained herein.

Contact Information

  • AndeanGold Ltd.
    Tony Ciali
    Corporate Office
    (609) 844-7746
    Ascenta Capital Partners Inc.
    Jim Glass
    Investor Relations
    (604) 684-4743 ext.225 or Toll Free: 1-866-684-4743 ext.225