At Invicta, the initial property acquisition entailed 5,800 hectares acquired by Andean American in early 2005. The Company then acquired an option to purchase 100% of an advanced exploration project of 3,700 hectares, from a wholly owned subsidiary of Barrick Gold, Minera ABX Exploraciones SA in 2005. Having exercised its option and acquired additional ground through staking, Andean now holds 28,200 hectares in the Invicta Project. An optimized Feasibility Study was completed in July 2010. For detailed information, please see the Invicta Project page.

Sinchao

At the Sinchao Property, the mineralization encountered to date has been polymetallic with copper, gold, silver, zinc and lead. Sinchao Metals Corp., of which Andean American owns 64.95%, was formed in April 2006 to allow shareholders to participate directly in the development of this distinctive property. For detailed information, please visit www.sinchaometals.com.