VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/25/13 -- AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE: AAU)(LMA: AAU) is pleased to announce that Mr. John E. Bolanos has been appointed Vice President Exploration of the Company. Mr. Bolanos, a senior geologist with over 20 years of international experience, was instrumental in the formation of the Company in 2006 in advance of its listing on the TSX Venture Exchange and in the expansion of the Company's exploration activities into Peru when exploration activities had to cease in Ecuador in 2008. He left the Company in August 2011 following completion of the Phase I drilling program on the Urumalqui Project in Peru. Since his departure, he has been Vice President Exploration for two junior Canadian mining companies, one with activities in Panama and the U.S.A. and the other in Colombia, and has provided consulting geological services to several companies, principally, in Colombia and Nicaragua. Mr. Bolanos has a B.Sc. Engineering in Geology from the Central University of Ecuador and a M.Sc. in Mining Geology from the Camborne School of Mines and is a Qualified Person in accordance with National Instrument 43-101 Standards of Disclosure for Mining Projects.
Anthony F. Ciali, President & CEO said, "I am very pleased to welcome John back to the Company. We have worked very closely and successfully together in the past, and the timing of his return is optimal as the Company is preparing for a Phase II drilling program on the Urumalqui Project. John was responsible for the planning and execution of the 2011 Phase I drilling program, which was very successful and led to the preparation of a NI 43-101 Mineral Resource Estimate on the Project."
About AndeanGold Ltd:
AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador. The focus of the Company's exploration activities is presently in advancing its Urumalqui Project, as well as pursuing mineral property acquisitions, in Peru. In Ecuador, the Company's activities have been limited to administrative and legal matters due to the Mining Mandate issued by the Ecuador Constituent Assembly on April 18, 2008. In November 2009, President Correa signed the Mining Regulations into law pursuant to the requirements of the new Mines Law, which was passed in January 2009. This was the final legal precursor to the re-initiation of exploration and mining development in Ecuador. The Company has been issued new mining titles under the new Mines law to its three key Ecuadorian projects and has filed the requisite documents with the Ministry of Non-Renewable Natural Resources ("MRNNR") and Ministry of Environment in support of the Company's request to renew exploration programs on its key projects in Ecuador. In September 2012, MRNNR approved the Company's application to restart exploration programs on its Curiplaya Au-Cu property.
Please refer to AndeanGold's website at www.andeangoldltd.com for further information on the Company's projects and activities.
On Behalf of the Board of Directors of ANDEANGOLD LTD.
Anthony F. Ciali, President, CEO and Director
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.
AndeanGold Ltd. - Corporate Office
Ascenta Capital Partners
604.684.4743 ext. 236 or Toll free: 1.866.684.4743 ext. 236
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