VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 6, 2008) - Andean American
Mining Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) is pleased to announce that it
has received approval to list its common shares for trading on the Bolsa de
Valores de Lima (the "Lima Exchange"). Trading will commence on February 7,
2008 under the trading symbol AAG. Andean American is sponsored by Scotia Bolsa
S.A., Scotiabank's Brokerage House in Peru where Scotiabank is the third
largest bank.
The Lima Exchange main index rose 286.1% since December 2004 up until December
2007. The mining index, which makes up more than 50% of the Lima Exchange's
listings, rose 367% during the same period. The Lima Exchange junior sector is
growing quickly. It was started in 2005, with total capital of $13.92 million
USD, and rose to $444.33 million USD by the end of 2007. Due to the strong
interest in mining by Peruvian investors, the growth is expected to continue.
John Huguet, Chairman and CEO, said, "Peru has a long history of mining and the
majority of companies listed on the Lima Exchange are involved in mining.
Andean American is very interested in the Peruvian investment community having
the opportunity to participate in the growth of our company, particularly with
the Invicta Project moving to the feasibility study phase and the progress of
the Sinchao Project. This listing on the Lima Exchange will make the process
much easier."
Andean American Mining Corp. is an international mining and exploration company
focused on growth both organically and through acquisitions. The Company is
actively pursuing new targets of potential early stage gold and silver
prospects in Peru and currently has three key assets: the 27,500 hectare
Invicta gold-silver-copper advanced exploration stage project; 58% of Sinchao
Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization
project; and the 9,000 hectare Santa Rosa property, which is a small producing
open-pit mine.
