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Andean American Corporate Update


Published on 2010-06-01 11:20:14 - Market Wire
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2010) - Andean American Mining Corp. ("the Company") (TSX VENTURE:AAG)(FRANKFURT:AQN) is pleased to announce the appointment of Mr. Juan C. Ortiz to the Board of Directors effective June 1, 2010.

Mr. Ortiz is the Corporate Project Manager of the Mining Division of Trafigura Group. He is responsible for pre-feasibility studies for in-house projects at current mines, due diligence and pre-feasibility studies for external projects, and tracking of on-going projects in the mining group.

A native of Peru, Mr. Ortiz has a BSc. from Pontificia Universidad Catolica del Peru in Mining Engineering and a M.Eng. from Pennsylvania State University in Mineral Engineering Management.

"Mr. Ortiz has substantial experience in mining projects in Peru and this background brings additional scientific knowledge to the Board of Directors of the Company," states Chairman and CEO John Huguet, "and we welcome his appointment."

The Company has granted 250,000 stock options to Mr. Ortiz a price of C$0.47 each for a period of 5 years.

On behalf of Andean American Mining Corp.,

John Huguet, Chairman & CEO

Andean American Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) is an international mining and exploration company actively pursuing precious and base metal opportunities in Peru. The company currently has two key assets: the Invicta gold-silver-copper feasibility stage project and 60% of Sinchao Metals Corp. (TSX VENTURE:SMZ), owner of the Sinchao polymetallic 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 ].


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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