Andes Gold Corporation Obtains Record Profits for the Year Ending December 2012

Andes Gold Corporation Obtains Record Profits for the Year Ending December 2012 
BOCA RATON, FL -- (Marketwire) -- 01/31/13 --  Andes Gold Corporation
(PINKSHEETS: AGCZ), a gold and silver mining company with existing
operations in Ecuador and Peru, today released its financial results
for the year ended December 31, 2012. The financial report was filed
and is available on the Pink Sheets. 
The financial statements for the year ending December 31, 2012 show
revenue of $6,732,311 versus $4,447,521 for the same period last
year. This represents an increase of $2,284,790 or 51.3%. The net
profit for the year ending December 31, 2012 was $1,400,180 versus
$521,294 last year. This is an increase of $878,886 or 168.5% over
last year. The Company had an inventory at December 31, 2012 of
$1,092,397 versus $466,769 last year. The Company expects to increase
revenues and profits in the new year as it increases its daily
production and milling capacity. 
On the balance sheet, the Company reports assets of $4,821,148 and
liabilities including amounts due to related parties of $793,178,
yielding a 6.0 to 1 asset to debt rate. 
The Company expects to increase its proven reserves as a result of
development work that is being completed on its mining concessions.
This work consists of additional mining shafts, sampling and detailed
analytical work and extensions of existing seams. The company has
also discovered significant amounts of silver and copper and is
currently evaluating these reserves. The Company has modified its
mills to be able to process the silver and copper. 
Andes Gold Corporation trades in the United States on the OTC Pink
under the symbol "AGCZ." For further information, please contact the
Company at (561) 210 8496 or www.andesgoldmine.com or investors can
find real time quotes and market information for the Company on
www.otcmarket.com. 
NOTE: This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
involving risks and uncertainties. Results, events and performances
could vary from those contemplated. These statements involve risks
and uncertainties which may cause actual results, expressed or
implied, to differ from predicted outcomes. Risks and uncertainties
include but are not limited to product demand, market competition and
Andes Gold's ability to meet current or future plans. Investors
should study and understand all risks before making an investment
decision. Readers are recommended not to place undue reliance on
forward-looking statements or information. Andes Gold is not
obligated to publicly release revision to any forward-looking
statement, to reflect events or circumstances afterward or to
disclose unanticipated occurrences, except as required under
applicable laws. 
Andes Gold Corporation 
Andes Gold Corporation 
(561) 210 8496 
www.andesgoldmine.com