Andean Announces Drilling and Project Update

Sydney, 20 October 2009

Andean Resources (ASX/TSX:AND) today announced continued drilling success at the high grade Bajo Negro vein at the Company’s 100% owned Cerro Negro gold project in Southern Argentina.

Today’s results, covering 16 drill holes, continued to extend the Bajo Nego vein by another 150 meters along strike to the north west of previous drilling, in addition to successful delineation drilling. The vein remains open along strike and to depth along the majority of its currently defined strike length of 1.1 kilometers.
The Company also announced its plans to include the resource from Bajo Negro, which will be completed in the first quarter 2010, in the Bankable Feasibility Study. The inclusion of the Bajo Negro resource is expected to add significantly to the already robust economics of the Cerro Negro project. This modified study, including the new high grade vein, will be completed in the June quarter of 2010.

The 2009/10 Cerro Negro exploration program continues as planned with float sampling, geological mapping, ground magnetics and induced polarization surveys underway at the Mariana and San Marcos targets. Drill testing of these new targets is anticipated during the current Quarter.

A full copy of today’s ASX/TSX release, which includes a long section illustrating the latest Bajo Negro drill results, is attached.

Regards,
Morrice Cordiner
Director, Andean Resources
T: +61 2 9276 1245
M: 0412 270 761
E: morrice@bigpond.net.au
Level 7, 151 Macquarie Street, Sydney NSW 2000

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