Andes Gold Corp (AGCZ)

[Suebarth]

$AGCZ - The financial report for the nine (9) months ended September 30, 2012 shows increased revenues and record profits. The total revenue was $4,622,674 for September 30, 2012 compared to revenue of $3,303,408 for the 9 months ended September 30, 2011. This represents an increase in revenue of $1,319,266 over last year. Net profits for the 9 months ended September 30, 2012 was $932,644 versus $364,882 last year, an increase of $567,762 or 156%. The results for 9 months ended September 30, 2012 exceeded the results for the entire 2011 year. The total revenues for all of 2011 was $4,447,521 versus $4,622,674 for 9 months in 2012. Net profits for the 9 months in 2012 was $932,644 versus $621,294 for all of 2011. The Company expects to increase production in the last quarter which will increase revenue and profits

On the balance sheet, The Company reported assets of $4,592,541 and liabilities including amounts due to related parties of $1,097,106, yielding a 4.2 to 1 asset to debt rate.