Dear Andover shareholders and interested investors,

Lawrence Roulston's news letter, Resource Opportunities, has provided at full update on Andover Ventures in his October 2011 edition. To receive the original PDF file simply reply to me at rick@andoverventures.com and I will e-mail you the file. Below you can view the text provided in the news letter.

Andover Ventures

(AOX-TSXV)

Andover has completed a convertible debenture offering, raising $2.5 million. The conversion is set at C$.50 per share for 12 months. The bulk of the financing, C$2 million, will be used for the final payment for the acquisition of a block of shares of subsidiary Chief Consolidated. Andover now holds 78% of that company, which has an extensive property position in the Tintic mining district of Utah. That property is the major focus of Andover�s efforts. The company is working on two mine development projects while a major company is funding an exploration program on a different portion of the Tintic properties. 

Kennecott, a unit of giant Rio Tinto, is exploring a large porphyry copper target located on a trend that runs through Utah into Arizona. That company operates the huge Bingham Canyon mine, just to the north. 

Andover is working toward restarting the past producing Trixie gold mine. With substantial underground development and a mill in place, the operation is expected to produce gold from a small high grade deposit. Exploration at the nearby Burgin silver-base metal project is continuing, with a preliminary economic assessment currently underway. The company has been held back in its mine development plans by a lack of working capital. 

Andover is also continuing evaluation of the Sun project in Alaska. A major company in the 1970s outlined 20 million tons with two ounces per ton silver, 1.9% copper and 5% lead and zinc. A resurgence of activity in the area has given management encouragement that they may be able to sell the project in order to fund work in Utah. NovaGold is working on a large deposit nearby and other companies are active in the district. 

At this time, investors are giving little value for the base metal projects and are penalizing the company for its lack of working capital. In the longer term, the company has exceptional potential to gain in value from multiple high quality projects.

Price October 6, 2011: C$0.39

Shares Outstanding: 101 million

Shares Fully Diluted: 118 million

Market Cap: C$39.3 million

Contact: Investor Relations

604-682-2168

www.andoverventures.com

Last Updated September 2011-1