Andean American Appoints Bruce Ramsden and Mark Zabel to Executive Positions
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/13/10 -- Andean American Mining Corp. ('the Company') (TSX VENTURE: AAG)(FRANKFURT: AQN) is pleased to announce the appointment of Bruce Ramsden as Vice President, Finance and Chief Financial Officer and the appointment of Mark Zabel as Vice President, Corporate Development as of July, 2010.
Mr. Ramsden has been a Vice President and CFO with noted resource companies since 1996. In this capacity, he was responsible for the integrity of the financial reporting, corporate governance, budgeting and the facilitation of financial undertakings, including raising $155 million in debt financing. He has a Bachelor of Commerce as well as a degree from The Institute of Chartered Secretaries and Administrators. Mr. Ramsden is a member of the Institute of Commercial and Financial Accountants of Southern Africa, the Institute of Chartered Secretaries and Administrators in both South Africa and Canada and Financial Executives International Canada.
Mr. Zabel holds a Bachelor of Finance degree from the University of Miami, in Miami, Florida. From 2005 to 2010, he was an analyst at Praetorian Capital Management LLC, a long-short equity hedge fund based in Miami.
'We are pleased to add these two very capable members to the Andean American management team. Andean American is in transition from junior explorer to emerging producer with its Invicta Project,' states Chairman and CEO, John Huguet. 'Along with changes to our operations personnel, headed up by Miguel Huaman, Master of Economic Geology, as Vice President, Operations, we are beginning to round out the new management team.'
In addition, the Company is pleased to announce the opening of its first office in Toronto, Canada, in order to facilitate relationships with its stakeholders, including shareholders and members of the investment community.
The Company wishes to announce the resignation of Mr. Andrew Gourlay as a director and President of Andean American and Sinchao Metals. Mr. Gourlay will remain as a member of the Advisory Board and as a geological consultant. The Company wishes to thank Mr. Gourlay for his contributions, particularly to the Sinchao Project.
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 focused on growth. The Company is actively pursuing new targets of potential early stage gold and silver prospects in Peru and currently has two key assets: the 28,200 hectare Invicta gold-silver-copper advanced exploration stage project; 60% of Sinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project. For further information call (604) 681-6186 or toll free: 1-888-356-4784 or visit www.andeanamerican.com.
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.
Contacts:
Andean American Mining Corp.
John Huguet
Chairman & CEO
604.681.6186
investors@andeanamerican.com
www.andeanamerican.com