AndeanGold Common Shares Commence Trading on the Lima Stock

AndeanGold Common Shares Commence Trading on the Lima Stock Exchange 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/30/12 -- AndeanGold
Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU)(LMA:AAU) is
pleased to announce that its common shares have been listed for
trading today on the Bolsa de Valores de Lima ("BVL"). Trading will
be under the ticker symbol "AAU" which is the same symbol as the
Company trades on the TSX Venture Exchange. 
Mr. Anthony F. Ciali, President & CEO states, "We are extremely
pleased to have the opportunity to have a second listing on the BVL.
The Company's principal property is the advanced-stage Urumalqui
Ag-Au exploration project (the "Project") located in Peru. There has
been strong interest in the Company and the Project by Peruvian
mining investors, as evidenced by the fact that over 50% of the
Company's recent $645,000 private placement was subscribed to by
Peruvian investors (See news release of August 31, 2012). The BVL
listing is expected to provide enhanced liquidity in the Company's
common shares and an avenue for additional sources of financing to
support the future growth of the Company." 
Kallpa Securities SAB ("Kallpa") acted as the Company's sponsor for
the BVL listing. Kallpa is a Peruvian investment company specializing
in equity sales, research and corporate finance, and is the sponsor
of 11 of the 15 junior mining companies listed on the Venture
Exchange of the BVL. Kallpa commenced operations in 2008 and now
ranks 8th by volume traded among 24 Peruvian brokers with a 4% market
share in the Peruvian market. 
The history of the BVL dates from December 31, 1860. Today, it is one
of the more important markets in South America, and the only market
in South America that has developed a venture exchange (since 2005)
focused on junior mining companies. Almost 60% of the BVL trading
volume is attributable to the mining industry. 
About AndeanGold Ltd.: 
AndeanGold Ltd. is engaged in the acquisition, exploration and
potential development of primarily precious metals properties,
principally in Peru and Ecuador. The focus of the Company's
exploration activities is presently in advancing its Urumalqui
Project, as well as pursuing mineral property acquisitions, in Peru.
In Ecuador, the Company's activities have
 been limited to
administrative and legal matters due to the Mining Mandate issued by
the Ecuador Constituent Assembly on April 18, 2008. In November 2009,
President Correa signed the Mining Regulations into law pursuant to
the requirements of the new Mines Law, which was passed in January
2009. This was the final legal precursor to the re-initiation of
exploration and mining development in Ecuador. The Company has been
issued new mining titles under the new Mines law to its three key
Ecuadorian projects and has filed the requisite documents with the
Ministry of Non-Renewable Natural Resources ("MRNNR") and Ministry of
Environment in support of the Company's request to renew exploration
programs on its key projects in Ecuador. In September 2012, MRNNR
approved the Company's application to restart exploration programs on
its Curiplaya Au-Cu property. 
Please refer to AndeanGold's website at for
further information on the Company's projects and activities. 
On Behalf of the Board of Directors of ANDEANGOLD LTD.  
Anthony F. Ciali, President, CEO and Director  
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
AndeanGold Ltd. - Corporate Office
Tony Ciali
Ascenta Capital Partners Inc.
Jim Glass
Investor Relations
604.684.4743 ext.225 or Toll free: 1.866.684.4743 ext.225
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