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Andean Resources Ltd.: Andean Resources Announces Appointment of Louis Gignac as New Chairman

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  Published in Stocks and Investing on Wednesday, July 15th 2009 at 13:54 GMT, Last Modified on 2009-07-15 13:54:19 by Market Wire
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FREMANTLE, WESTERN AUSTRALIA--(Marketwire - July 15, 2009) - Andean Resources Ltd. (TSX:AND)(ASX:AND) is pleased to announce the appointment of Mr. Louis Gignac as a new independent Canadian director and Chairman of the Board.

Mr. Gignac is the President of G Mining Services Inc., a private consultancy, and previously served as the President and CEO of Cambior Inc. from its creation in 1986 until its acquisition by Iamgold Corporation in November 2006. Mr. Gignac is Chairman of the Board for Gaz Metropolitan Inc. and St. Andrews Goldfields, and director of Domtar Corp. and Franco-Nevada Corporation. He held previous management positions with Falconbridge, Exxon Minerals and also served as a professor of mining engineering at Laval University.

Mr. Gignac holds a Doctor of engineering from the University of Missouri-Rolla, a Masters in mineral engineering from the University of Minnesota and a degree in mining engineering from Laval University.

Mr. Patrick Esnouf steps down as the Chairman but will continue with the Company as an independent director of the Board. The Board wishes to thank Mr. Esnouf for his dedication and service over the years, having served as the Chairman of the Board since 2006.

Wayne Hubert, President and CEO commented, "The appointment of Louis Gignac represents a turning point for Andean as we move into the development phase of the Cerro Negro project. Louis brings to the Andean Board extensive mine building experience and this action represents the first of several changes to our structures as we move towards becoming a mid-tier gold producer."

Andean Resources Ltd ([ www.andean.com.au ]) is an Australian and Toronto listed gold explorer searching for precious metals in the Andes, and developing the 100% owned high-grade Cerro Negro property in the Patagonia.

Andean Resources Limited is listed on the ASX & TSX with the symbol "AND"

A.C.N. 064 494 319