TORONTO, ONTARIO--(Marketwire
- March 2, 2011) - Andean
American Gold Corp. ("Andean
American" or the "Company") (TSX
VENTURE:AAG)(FRANKFURT:AQN) announces that Mr. Shafiq Gulamani
has resigned from the Board of Directors of the Company, effective immediately.
Mr. Gulamani has served as
a director of the Company since September 2004. The Board wishes
to thank him for his excellent service to the Company for over six years 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.
On behalf of Andean
American Gold Corp.,
David Rae,
President and Chief Executive Officer
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Andean American Gold Corp.
(604) 681-6186 or Toll Free: 1-888-356-4784
Andean American Gold Corp.
David Rae
416 368 9500
investors@AAGgold.com
www.aaggold.com
Source: Andean American Gold Corp.
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