AndeanGold Receives Shareholders' Approval to Consolidate Shares

Vancouver, June 30, 2010 - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE: AAU) announces that the Company has received the approval of shareholders at the Special General Meeting (the "Meeting") of the Company held on June 29, 2010, to consolidate the issued and outstanding common shares in the capital of the Company (each, a "Common Share") on the basis of one post-consolidation Common Share for every 10 pre-consolidation Common Shares issued and outstanding (the "Share Consolidation"). The Share Consolidation special resolution was approved with 99.7% of the votes cast in favour at the Meeting and has received the approval of the TSX Venture Exchange (the "TSX-V").

AndeanGold's Common Shares will commence trading on the TSX-V on a consolidated basis at the opening of trading on Friday, July 2, 2010. The Common Shares will continue to trade under the symbol "AAU" and under a new CUSIP number 03349A200. The Company will be mailing a Letter of Transmittal to each registered shareholder with respect to the Share Consolidation.

The Company currently has 54,923,320 common shares outstanding, which will be reduced to approximately 5,492,332 common shares once the Share Consolidation has been completed. The number and exercise price of any outstanding stock options and warrants will similarly be adjusted.

Management believes that the Share Consolidation will provide greater financial flexibility and will better position the Company to raise the funds it requires to finance its ongoing business.


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 Au-Ag Project and Rio Seco Au 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 filed the requisite documents with the Ministry of Non-Renewable Natural Resources and Ministry of Environment in support of the Company's request to renew exploration programs on its key projects in Ecuador. The Company is actively working with government officials to this end.

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.



For more information, please contact

AndeanGold Ltd.
Tony Ciali, Corporate Office
732.940.5487
tciali@andeangoldltd.com
www.andeangoldltd.com or

Ascenta Capital Partners Inc.
Jim Glass, Investor Relations
604.684.4743 ext. 225 or Toll Free: 1.866.684.4743 ext. 225
jim@ascentacapital.com