Andean American Announces a Change to Its Board
TORONTO, ONTARIO -- (Marketwire) -- 01/13/11 -- Andean American Gold Corp. ('Andean American' or the 'Company') (TSX VENTURE: AAG)(FRANKFURT: AQN) announces that Mr. Nick DeMare has resigned from the Board of Directors of the Company, effective immediately.
Mr. DeMare has served as a director of the Company since August 2002 and between 1996 and 2002 as its Corporate Secretary. In December 2010 Andean announced the appointment of two new Directors to its Board, Mr. Mario Caron and Mr. David Rae, who also serves as the Company's President and Chief Executive Officer. The Company currently has seven members on its Board and no further appointments are foreseen in the short term.
Mr. DeMare has served on the Board of Andean American for over eight years and the Board wishes to thank him for his excellent service to the Company throughout this time and wishes him well in his future endeavours.
For further information, please visit the Company's website at www.aaggold.com.
About Andean American
Andean American is an international mining and exploration company focused on value growth through the development of gold and copper projects in Peru and currently has two key assets: the 28,200 hectare Invicta gold-silver-copper advanced exploration stage project and 60% of Sinchao Metals Corp., owner of the Sinchao gold-silver-copper exploration project. In addition, the Company is actively targeting early stage gold and silver prospects in Peru.
For further information call (604) 681-6186 or toll free: 1-888-356-4784.
On behalf of Andean American Gold Corp.,
David Rae, President and CEO
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 Gold Corp.
David Rae
President and CEO
416 368 9500
investors@aaggold.com
www.aaggold.com