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Wed, January 6, 2010

Andean Resources Appoints Scott Brunsdon as Chief Financial Officer


Published on 2010-01-06 14:10:26 - Market Wire
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FREMANTLE, AUSTRALIA--(Marketwire - Jan. 6, 2010) - Andean Resources ("Andean" or the "Company") (TSX:AND)(ASX:AND) is pleased to announce the appointment of Mr. Scott Brunsdon as Chief Financial Officer (CFO), effective immediately. In his new role, Mr. Brunsdon will oversee the day-to-day financial and administrative operations of the Company as it enters the development stage of the Cerro Negro project.

Mr. Brunsdon's most recent post was the CFO and Corporate Secretary of Revett Minerals Ltd., where he successfully completed its initial public offering and a number of other equity and debt financings. Prior to Revett Minerals, Mr. Brunsdon was the CFO of Hillsborough Resources Limited; the CFO of Dayton Mining Corporation; and the CFO and Corporate Secretary of Placer Dome North America Inc. and Placer Dome US Inc. While with the Placer Dome group Mr. Brunsdon also worked in the Office of the CEO, and in its marketing and operations departments.

Mr. Brunsdon graduated from the University of Saskatchewan in 1979 with a Bachelor of Commerce degree (Economics) and received a MBA degree from the University of British Columbia in 1983.

Wayne Hubert, Andean's President and CEO, commented, "Scott's appointment to the Andean team represents yet another recent step the Company has taken in order to fill its key leadership and management positions. Scott's numerous years of mining specific knowledge and commitment will be great assets to this organization as we continue to move toward achieving our vision of creating a low-cost, mid-tier gold producer."

Andean Resources Ltd. is a dual listed company (TSX:AND)(ASX:AND), actively and aggressively exploring for gold resources in Argentina. The company is well positioned to become a mid-tier gold producer over the next two years as it commences production from its 100% owned Cerro Negro project. This high-grade, world-class deposit is located in the mining-friendly province of Santa Cruz, in southern Argentina, and contains a growing resource base of over 2.5 million ounces of gold. In order to expand its resource base and add to the future production profile, Andean is committed to ongoing exploration and building its resource inventory at the Cerro Negro project and, in the process, generating enhanced returns for its shareholders as a platform for future growth.

ABN 064 494 319


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