AndeanGold Announces Additional Surface Channel Sampling Assay Results Urumalqui Advanced-Stage Ag-Au Project, Peru

AndeanGold Announces Additional Surface Channel Sampling Assay Results 
Urumalqui Advanced-Stage Ag-Au Project, Peru 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/20/13 -- AndeanGold
Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU)(LMA:AAU) is
pleased to announce that it has received encouraging assay results
from a surface channel sampling program (the "Program") over the
Candual, La Mariscala East, and La Mariscala South Veins (the
"Veins") on the Company's Urumalqui advanced-stage Ag - Au Project
(the "Project") in Peru. The Veins are located to the south of the
Urumalqui Vein, the principal vein on the Project, which was the
focus of the Company's 2010 - 2012 exploration activities. These
activities included a 5,071 metre infill drilling program in 2011
leading to an NI 43-101 compliant inferred mineral resource estimate
(see news release of November 15, 2011), a detailed surface channel
sampling program (see news release of May 29, 2012), and a detailed
metallurgical test program (see news release of August 15, 2012).  
The Program involved trenching the outcrops of the Veins at 25 metre
intervals, with each trench dug sufficiently deep to fully expose the
Veins for channel sampling purposes. Continuous channel samples,
averaging approximately 1.0 metre and ranging from 0.40 metres to 2.3
metres in length, were taken utilizing a portable rock saw.  
Highlight assay results from the Program were, as follows: 

VEIN           OUTCROP    TRENCH    WIDTH       AG      AU      AGE     AGE
               (metres)       (#) (metres)    (g/t)   (g/t)    (g/t)  (oz/t)
WEST               375 TRC-000-W     1.80   68.250   0.951  115.778    3.72
                       TRC-100-W     4.70   62.209   0.616   92.987    2.99
                       TRC-125-W     2.00   32.850   0.683   67.000    2.15
                       TRC-150-W     3.20   77.466   0.869  120.933    3.89
                       TRC-175-W     2.50   85.360   0.873  129.020    4.15
                       TRC-250-W     1.70  117.994   0.189  127.421    4.10
                       TRC-275-W     1.00   25.500   2.100  130.500    4.20
                       TRC-300-W     1.20   50.500   1.090  105.000    3.38
                       TRC-375-W     1.60  174.500   0.404  194.700    6.26
EAST               600 TRC-050-E     4.80   51.265   0.955   99.014    3.18
                       TRC-075-E     5.60   11.632   1.089   66.093    2.13
                       TRC-100-E     3.20   40.616   1.775  129.381    4.16
                       TRC-125-E     5.70   31.407   1.071   84.973    2.73
                       TRC-150-E     4.30    7.986   0.789   47.447    1.53
                       TRC-175-E     1.60   63.150   0.752  100.750    3.24
LA MARISCALA                                                               
 EAST              225  TRME-050     4.00   22.825   0.841   64.875    2.09
                        TRME-075     2.40   20.338   1.009   70.781    2.28
                        TRME-100     2.70   38.063   0.363   56.200    1.81
                       including     1.00   95.400   0.860  138.400    4.45
                        TRME-175     2.30   49.270   0.525   75.520    2.43
                        TRME-200     2.00  227.750   0.639  259.700    8.35
                        TRME-225     2.00  264.050   0.555  264.050    8.49
LA MARISCALA                                                               
 SOUTH             450  TRMS-050     1.00  152.000   0.266  165.300    5.31
                        TRMS-150     0.50   90.900   1.635  172.650    5.55
                        TRMS-325     2.40  247.500   0.644  279.675    8.99

AGE: Equivalent ounces of silver based on a gold to silver ratio of
50:1 and assuming 100% recoveries. 
oz/t: Ounces per metric tonne. 

--  The Candual Vein is a 1,000 metre-long zone of quartz veining,
    brecciation and silicification. The West and East segments are separated
    by a quebrada. The trench assay results have outlined a potential drill
    target covering an approximate 550 metre strike length comprised of the
    375 metre Candual West outcrop and the initial 175 metres of the Candual
    East outcrop. 
--  The La Mariscala East Vein also exhibits quartz veining, brecciation and
    silicified wall rock and has been trenched over a length of 225 metres.
    This is a second potential drill target. The vein appears to extend a
    further 400 metres to the west, and the Company is attempting to
    negotiate access to this area with the surface owners. Additional
    trenching and channel and outcrop sampling are currently underway at the
    eastern end of the vein and on newly exposed veins and breccia zones
    between the La Mariscala East and Candual East Veins.
--  The overall gold and silver assay values of the trenches from the La
    Mariscala South Vein outcrop (approximately 450 metres in length) were
    low, except for the three trench results noted in the above table.
--  Historically, there has been very limited, wide-spaced drilling covering
    the Veins, including the La Mariscala West Vein (approximately 500
    metres in length) which the Company has not trenched to date. The La
    Mariscala West Vein runs sub-parallel to the Urumalqui Vein and is
    located approximately 800 metres to the south. 

Click here to view the Summary Table for a complete list of all
trench channel sample assay results.  
Mr. Anthony F. Ciali, President & CEO of AndeanGold states, "We are
very pleased with the results of the surface channel sampling program
on several of the other veins on the Urumalqui Project. The results
are indicative of the overall exploration potential of the Urumalqui
Project in addition to the Urumalqui Vein for which the Company has
reported an NI 43-101 compliant inferred mineral resource estimate of
1,945,000 tonnes at 171.01 g/t Ag (10,692,000 ounces) and 1.378 g/t
Au (86,200 ounces) at a 90 g/t Ag cutoff. The Company is planning to
conduct future drilling programs on the Project, initially on the 500
metre NW segment of the Urumalqui Vein where very favorable trench
assay results have been reported and historic drilling has been
limited (see news release of May 29, 2012) and, subsequently, on the
Candual and La Mariscala East Veins, subject to financing." 
All of the trench samples were submitted to the independent ALS
Laboratory in Lima, Peru for assaying. A total of 381 samples were
submitted, inclusive of standards, blanks and duplicates in
connection with the Company's QA-QC Program. 
Dr. William F. Lindqvist, a director of the Company, is a Qualified
Person for all technical information in this news release, excluding
the mineral resources, in compliance with National Instrument 43-101
and has reviewed and approved the content of this release.  
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. 
Corporate Office:
AndeanGold Ltd.
Tony Ciali
Investor Relations:
Ascenta Capital Partners Inc.
Jim Glass
604.684.4743 ext. 225 or Toll free: 1.866.684.4743 ext. 225
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