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Message: EX Aurelian Financial Officer McKay
| July 8, 2009 |
| Andina Announces CFO Transition; Provides Annual Meeting Update |
| TORONTO, ONTARIO--(Marketwire - July 8, 2009) - ANDINA Minerals Inc. (TSX VENTURE:ADM) ("Andina") today announced that Thomas J. Pladsen is stepping down from the position of Chief Financial Officer and is being replaced by Keith D. McKay, who was previously Executive Vice President with Andina. Both changes became effective June 30, 2009. George Bee, President & CEO, said, "Since joining in 2005, Tom has made a significant contribution to Andina as the Company progressed from junior exploration to early stage development. We wish him all the best as he continues management roles with several other resource companies." Mr. Bee commented, "I anticipate a seamless transition for Keith since he has been working closely with our team for several months." Mr. McKay, Chief Financial Officer, joined Andina in March of this year as Executive Vice President. His considerable finance and management experience at development and operating stage mining companies will assist Andina in making a successful transition from exploration to development and then on to production. Most recently Mr. McKay came to Andina from Aurelian Resources Inc., where he was Vice President and Chief Financial Officer. For more details on Mr. McKay, including other management and board experience visit http://www.andinaminerals.com/corporate/management.html. Andina also announced that at its annual and special meeting held on June 18, all of the resolutions were passed, including approval of the shareholder rights plan and stock option plans. All of the nominated directors were elected at the annual meeting and new committees were formed after the annual meeting, as follows: - Audit Committee: Melvyn Williams (Committee Chairman), R. Gregory Laing and T. Sean Harvey - Human Resources and Corporate Governance Committee: R. Gregory Laing (Committee Chairman), T. Sean Harvey and J. Eduardo Rosselot About Andina Minerals Inc. Andina's primary focus is mining exploration and development in Chile. The Company's flagship development project is the 100%-owned Volcan Gold Project, strategically located in the prolific Maricunga Gold Belt. In July 2008, Andina provided an updated resource estimate for Volcan, resulting in a 126% increase to measured and indicated resources to 6.62 million contained ounces of gold (241.7 million tonnes grading 0.85 grams per tonne gold ("g/t Au")) and inferred resources of 3.26 million ounces of gold (114.0 million tonnes grading 0.89 g/t Au) at a 0.5 g/t Au cut-off. Andina is progressing with a Conceptual Development Plan and a Preliminary Economic Assessment for Volcan, targeted for completion in Q4 2009. |
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