Andean Amer Mining Corp.

The mineralized structure contains abundant hematite alteration and up to 40 per cent sulphides as blebs of pyrite and chalcopyrite. The sulphide blebs are composed of masses of very fine-grained pyrite and chalcopyrite, and blebs range in size from one millimetre to 10 mm diameter. The distribution of the anomalous gold values and anomalous copper values suggests two separate mineralizing events.

Drill hole AE-DDH-07-30 is the first new infill drill hole that will upgrade inferred resources on the Atenea vein to measured and indicated resources. Core recoveries averaged 97.85 per cent. Quality control and quality assurance programs are in place equal to all National Instrument 43-101 standards.


                                   AE-DDH-07-30

Sample      From       To   Width   Au g/t   Ag g/t    Cu %    Pb %   Zn %

000146    139.55   140.55    1.00     0.15     33.5    1.85    0.08   0.13
000147    140.55   141.55    1.00     0.38     74.9    1.84    0.03   0.06
000148    141.55   142.44    0.89     0.33     22.0    1.36    0.04   0.10
000149    142.44   143.44    1.00     0.02      0.6    0.01    0.00   0.11
000150    143.44   144.44    1.00    -0.01     -0.5    0.00    0.00   0.08
000151    144.44   145.95    1.51     0.22     -0.5    0.02    0.00   0.06
000152    145.95   146.95    1.00    31.92     19.4    0.13    0.24   0.67
000153    146.95   147.95    1.00     1.41     16.5    0.49    0.36   0.12
000154    147.95   148.95    1.00    31.23      8.6    0.16    0.05   0.08
000156    148.95   149.95    1.00    28.13      5.4    0.07    0.01   0.04
000157    149.95   150.95    1.00    21.03     34.1    0.46    0.04   0.07
000159    150.95   151.95    1.00    27.61     34.3    1.03    0.24   0.42
000161    151.95   153.00    1.05     3.15     15.5    1.20    0.21   0.07
000162    153.00   154.00    1.00    13.50     11.3    0.40    0.02   0.06
000163    154.00   155.23    1.23    42.56     22.2    0.30    0.01   0.06
000164    155.23   156.23    1.00     9.43      5.0    0.07    0.02   0.06
000165    156.23   157.22    0.99     0.25      4.4    0.20    0.19   0.06
000166    157.22   158.22    1.00     7.83     10.1    0.38    0.09   0.06
000167    158.22   159.22    1.00    25.83     21.1    0.16    0.05   0.05
000168    159.22   160.20    0.98     9.31     43.9    1.44    0.38   0.67
000169    160.20   161.20    1.00     0.34     19.6    1.04    0.22   0.36
000170    161.20   162.20    1.00     1.31     42.3    1.67    0.06   0.02
000171    162.20   163.20    1.00     0.50     48.8    4.18    0.53   0.64
000172    163.20   164.20    1.00     1.39     43.4    2.72    0.18   0.41
000173    164.20   165.20    1.00     1.81     55.3    1.13    0.09   0.05
000174    165.20   165.95    0.75     0.35     28.4    1.37    0.18   0.20
000176    165.95   166.70    0.75     0.54     46.5    3.09    2.16   1.18
000177    166.70   167.80    1.10     0.35      157    3.05   21.78   2.51
000179    167.80   168.80    1.00     0.86     18.7    0.96    0.06   0.05
000180    168.80   169.80    1.00     2.56     51.3    2.46    0.04   0.03
000182    169.80   170.80    1.00     1.66     88.4    5.89    0.04   0.03
000183    170.80   171.80    1.00     0.92     33.7    2.50    0.05   0.03
000184    171.80   172.80    1.00     2.05     61.2    4.48    0.03   0.03
000185    172.80   173.80    1.00    11.47      183    4.24    0.03   0.02
000186    173.80   174.80    1.00     0.64     41.7    1.86    0.02   0.03
000187    174.80   175.75    0.95     0.38     20.0    1.31    0.02   0.02
000188    175.75   176.75    1.00     0.40     14.1    0.82    0.04   0.04
000189    176.75   177.75    1.00     2.02     19.4    1.48    0.02   0.01
000190    177.75   178.75    1.00     0.18      9.5    0.12    0.01   0.02
000191    178.75   179.35    0.60     0.41     41.4    0.64    0.04   0.07
         139.55   179.35   39.80     7.38    34.85    1.46    0.73   0.22


At Invicta the diamond drill program continues to upgrade the inferred resources to the measured category and results will be released as they are received. There are currently two drills working on the property with an additional two machines programmed for the end of the month. A minimum of 3,500 metres of drilling will be completed at the Atenea vein system. In addition, approximately 7,200 metres of drilling will commence on the Ydalia vein and zones 4, 5, 7, Azulmina and Manuel structures, which have not been drill tested. Further work currently being done includes a 150-tonne metallurgical sample being taken at 3,587 metres and a three by three m exploration adit being drifted at 3,400 metres which will be enlarged to 4.2 m by 4.5 m for exploitation. This 600 m long adit is advancing at 150 m per month. This will facilitate deeper exploration and possibly initial production.

A geophysical survey comprising 80 line kilometres of ground magnetometry has been completed over the Atenea and Ydalia vein systems and an 80-line-kilometre induced polarization survey has commenced. Regional mapping and sampling will evaluate geochemical and satellite anomalies, and other reported mineralized showings on the 16,900-hectare Invicta property.

Current measured and indicated resources total 4.8 million tonnes grading 3.58 g/t gold, 33.46 g/t silver and 0.68 per cent copper with additional inferred resources of 8.3 million tonnes with a grade of 2.14 g/t gold, 15.10 g/t silver and 0.47 per cent copper per NI 43-101 technical report of October, 2006.

The NI 43-101 technical report outlined additional geological potential of 14 million tonnes averaging 2.82 g/t Au, 34.13 g/t Ag, 1.16 per cent Cu, 0.54 per cent Zn and 0.49 per cent Pb.

Andrew Gourlay, PGeo, is the qualified person for the technical information in this news release.

Andean ist in München auf der Messe.


  Time   Ex Price Change  Volume  Buyer Seller Markers
11:38:13  V  0.72  +0.01  20,000  59  PI  64  Octagon  K  

11:37:24  V  0.72  +0.01  30,000  59  PI  64  Octagon  K  

11:34:27  V  0.72  +0.01  20,000  27  Dundee  64  Octagon  K  

11:33:20  V  0.72  +0.01  50,000  27  Dundee  64  Octagon  K  

11:27:21  V  0.72  +0.01  55,000  59  PI  2  RBC  K  

11:24:59  V  0.70  -0.01  4,500  2  RBC  80  National Bank  K  

11:18:31  V  0.72  +0.01  20,000  27  Dundee  2  RBC  K  

10:59:43  V  0.72  +0.01  10,000  7  TD Sec  2  RBC  K  

10:17:05  V  0.71  -   15,000  79  CIBC  83  Research Cap  K  

10:12:56  V  0.71  -   25,000  79  CIBC  15  UBS  K  

0.82% Zn                  0.81% Zn

Including (south side)    Including (south side)
7.0 m                     6.0 m
5.74 g/t Au               4.14 g/t Au
48.5 g/t Ag               46.6 g/t Ag
1.33% Cu                  1.12% Cu
1.93% Pb                  2.68% Pb
1.66% Zn                  1.58% Zn

and                       and

4.0 m (north side)        2.6 m (north side)
3.86 g/t Au               2.33 g/t Au
67.5 g/t Ag               117.5 g/t Ag
0.87% Cu                  1.53% Cu
0.52% Pb                  0.43 Pb
0.35% Zn                  0.25% Zn

A tunnel of approximately 80 metres length has been driven along the Atenea vein to the east and short crosscuts of approximately 15 m to 20 m length have been made at 20-metre intervals. These crosscuts are being mapped and sampled. Mineralization is continuous over the 80 m of strike length and remains open in both directions.

The Atenea vein mineralization consists of a quartz-cemented hydrothermal breccia with variable amounts of pyrite, chalcopyrite, galena, sphalerite and traces of bornite in the quartz. The sulphides are generally coarse grained and vary from disseminated to massive. Breccia fragments are chiefly altered andesite. Both the footwall and hangingwall contacts are sharp and defined by a zone of fault gouge. The bounding faults dip to the south at between 60 and 70 degrees.

The 3,400-level adit intersected massive andesite, cut by quartz veinlets ranging in width for one centimetre to 40 cm. The crosscut intersected the same massive andesite and medium grained diorite, with weak chlorite and epidote alteration and traces of disseminated pyrite. In the crosscut both rock types are cut by nine quartz veins ranging in width from two cm to 1.5 m, which trend subparallel to the Atenea vein structure. Assays for these veins ranged from background to peak values of 14.98 grams per tonne (g/t) Au, 136.0 g/t Ag, 3.39 per cent Cu, 9.64 per cent Pb and 24.77 per cent Zn, generally over narrow widths. The connection, if any, of these hangingwall veins with the main Atanea vein has yet to be determined.

The Atenea vein has been traced for over 350 metres on surface and to a depth of approximately 350 metres, and remains open along strike and to depth.

The recently completed drill program, in conjunction with the underground sampling and drilling, is designed to upgrade the current resource estimates of 4,739,500 tonnes grading 2.73 g/t Au, 18.3 g/t Ag and 0.45 per cent 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 per cent Cu in the inferred category. Resource estimates are from the National Instrument 43-101 Invicta technical report filed on SEDAR and dated July 24, 2007.

The Atenea vein is the most advanced target of eight identified in the Invicta property, which covers 22,200 hectares. The company is very pleased with the initial results of the underground exploration program and additional results will be released as they are received.

We seek Safe Harbor.

1.31 g/t Au         5.17 g/t Au
55.3 g/t Ag         78.7 g/t Ag
1.53% Cu            2.06% Cu
2.26% Pb            2.32% Pb
1.42% Zn            0.72% Zn

These intersections are consistent with those previously reported in the access crosscut and confirm the potential of the Atenea vein structure in this area to be significantly wider than that estimated from drilling.

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 five-centimetre size. The sulphides within the quartz vary from disseminated to massive. The bounding faults dip to the south at between 60 and 70 degrees.

The 3,400-level adit intersected massive andesite and medium grained diorite, with weak chlorite and epidote alteration and traces of disseminated pyrite. The diorite and the andesite in the crosscut are both cut by nine quartz veins ranging in width from two cm to 1.5 m, which trend subparallel to the Atenea vein structure. On surface, the Atenea structure has been traced for over 350 metres and has been traced by drilling to a depth of approximately 350 metres. The structure remains open along strike and to depth.

The recently completed drill program, in conjunction with the underground sampling and drilling, is designed to upgrade the current resource estimates of 4,739,500 tonnes grading 2.73 grams per tonne (g/t) Au, 18.3 g/t Ag and 0.45 per cent 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 per cent Cu in the inferred category. Resource estimates are from the National Instrument 43-101 Invicta technical report dated July 24, 2007.

The Atenea structure is the most advanced target of eight identified in the Invicta property, which covers 22,200 hectares. The company is very pleased with the initial results of the underground exploration program and additional results will be released as they are received.

Andrew Gourlay, PGeol, president of Andean American Mining, 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-accedited laboratory. Standard reference materials, blanks and field duplicates were inserted prior to shipment from site to monitor the quality control of the analytical data.

We seek Safe Harbor.

Andean American Mining Corp. (TSX.V: AAG) (FWB: AQN) ist ein internationales
Bergbau- und Explorationsunternehmen, dessen Schwerpunkt auf Wachstum durch
Käufe liegt. Das Unternehmen ist aktiv auf der Suche nach neuen Zielen mit
potenziellen Gold- und Silbergrundstücken in Peru, die sich noch in einem
frühen Stadium befinden, und besitzt zurzeit drei wesentliche Aktiva: das
22.200 Hektar große Gold-Silber-Kupfer-Projekt Invicta, das sich bereits in
einem fortgeschrittenem Explorationsstadium befindet; 58% von Sinchao Metals
Corp., dem Besitzer des Zink-Kupfer-Silber-Gold-Blei-Projektes Sinchao; und
das 9.000 Hektar große Grundstück Santa Rosa - eine kleine produzierende
Tagebaumine.

Im Namen von Andean American Mining Corp.,

"John Huguet"

John Huguet

Chairman & CEO

Für weitere Informationen rufen Sie bitte (604) 681-6186 oder gebührenfrei:
1-888-356-4784. Sie können uns auch im Internet besuchen:
www.andeanamerican.com

Diese Pressemitteilung könnte vorausblickende Informationen gemäß dem
Securities Act (Ontario) ("vorausblickende Aussagen") enthalten. Solche
vorausblickenden Aussagen könnten die Pläne des Unternehmens hinsichtlich
seiner Mineralprojekte, des gesamten wirtschaftlichen Potenzials seiner
Grundstücke sowie der Verfügbarkeit einer entsprechenden Finanzierung
beinhalten und bergen bekannte und unbekannte Risiken, Ungewissheiten und
andere Faktoren in sich, die dazu führen könnten, dass sich die
tatsächlichen Ergebnisse, Leistungen oder Erfolge erheblich von jenen
unterscheiden, die in solchen vorausblickenden Aussagen zum Ausdruck
gebracht wurden. Solche Faktoren beinhalten unter anderem Risiken und
Ungewissheiten hinsichtlich potenzieller politischer Gefahren, da die
Betriebe des Unternehmens einer fremden Rechtssprechung unterliegen,
Ungewissheiten bezüglich der Produktions- und Kostenschätzungen und des
Potenzials für unerwartete Kosten und Ausgaben, physische Gefahren eines
Bergbaubetriebes, Kursschwankungen von Währungen, Preisschwankungen bei Gold
und anderen Metallen, Abschluss von wirtschaftlichen Evaluierungen,
Änderungen der Projektparameter durch geänderte Pläne, das Ausbleiben einer
zeitgerechten Finanzierung sowie andere Risiken und Ungewissheiten,
einschließlich jener, die in den Financial Statements, Management Discussion
and Analysis und in den Material Change Reports des Unternehmens mit den
Canadian Securities Administrators veröffentlicht wurden und auf
www.sedar.com aufgerufen werden können.

Die TSX Venture Exchange hat diese Pressemitteilung nicht überprüft und
übernimmt keine Verantwortung für die Richtigkeit derselben.

Für die Richtigkeit der Übersetzung wird keine Haftung übernommen! Bitte
englische Originalmeldung beachten!
20080207 0735
office@ir-world.com

Andean American Mining Corp.


(END) Dow Jones Newswires

February 07, 2008 01:37 ET (06:37 GMT)