Andina Minerals to Announce Pre-Feasibility Results

TORONTO, ONTARIO -- (Marketwire) -- 02/09/11 -- Andina Minerals Inc. (TSX VENTURE: ADM) ('Andina' or the 'Company') will announce the results of a pre-feasibility study ('PFS') for its 100% owned Volcan Gold Project on February 14, 2011 at 8:00 AM EST.

A NI 43-101 compliant Technical Report review of the PFS, conducted by Micon International, will be filed concurrently on the SEDAR website while study information and presentations will also be available on the Andina website starting Monday February 14, 2011.

Following the release, at 10 AM EST, the Company will host a Webcast, where senior management will present a short video presentation illustrating the Volcan project and providing key metrics for the project. At the conclusion of the Webcast, management and several of the Company's consultants will be available to answer questions via a conference call.

Webcast details are as follows:

--  To view and listen on-line, go to http://gowebcasting.com/2194 or to
    http://www.andinaminerals.com

Following the Webcast, senior management will host a Question & Answer conference call.

To participate in the Question & Answer session:

--  Call toll free 1-800-355-4959 in Canada and the United States or for
    local and international calls dial 416-695-7848. An operator will direct
    participants to the call.

Please note that the audio component of the Webcast will NOT be broadcast by telephone. Participants wishing to contribute questions are encouraged to dial into the Question & Answer session prior to the end of the Webcast. During the Webcast audio will not be broadcast by telephone.

About Andina Minerals Inc.

Andina's primary focus is mining exploration and development in Chile. The Company's flagship development project is the 100%-owned Volcan Gold Project ('Volcan'), strategically located in the prolific Maricunga Gold Belt. The 2010 resource estimate for the Dorado deposits of Volcan contain an estimated Measured and Indicated Mineral Resource of 389.7 million tonnes at an average grade of 0.71 g/t gold for 8.9 million ounces of contained gold and inferred resources of 41.6 million tonnes at an average grade of 0.50 g/t gold for 671,000 ounces of contained gold.

Visit the Company's website at www.andinaminerals.com.

Contacts:

Andina Minerals Inc.

Investor Relations

416 203 3488

416 203 3438 (FAX)
www.andinaminerals.com