VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/21/14 — AndeanGold Ltd. („the Company“ or „AndeanGold“) (TSX VENTURE: AAU)(LMA: AAU) and Gitennes Exploration Inc. have signed a binding Memorandum of Understanding („MOU“) to amend the pre-existing Share Sale and Mining Agreement (the „Agreement“) which gives AndeanGold the right to purchase the remaining 40% interest in the Urumalqui Silver-Gold Project. The amendment to the Agreement is expected to be signed on or before December 19, 2014 and once signed AndeanGold will have purchased the 40% interest in Urumalqui, giving AndeanGold full 100% ownership.
Under the MOU, AndeanGold and Gitennes have agreed to amend the Agreement as follows:
About AndeanGold Ltd:
AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of metals properties, principally in Peru and Ecuador. The focus of the Company–s exploration activities is presently in advancing its Urumalqui Project. In Ecuador, the Company–s activities have been limited to maintaining its three properties. In September 2012, the Company received authorization from the MRNNR to renew exploration programs on its Ecuadorian Curiplaya Project.
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.
Alexander Pena Bottcher, Interim President and CEO
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.
Contacts: Corporate Office: AndeanGold Ltd. Alexander Pena (51) 94020.8400
Investor Relations: Jamie Mathers 778-879-5084
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