NEWS RELEASE                                                                                                                         April 29, 2008

Andean American Step Out Drilling Intersects 14.75 Metres Grading 4.43 g/t Gold at theInvicta Project

Andean American Mining Corp. (TSX.V-AAG) (FWB-AQN) (BVL-AAG) is pleased to report results fromstep out diamond drilling on the Atenea Structure at its Invicta property in Peru. The 41,500 hectare InvictaProject hosts massive to semi-massive style gold-silver-copper mineralization. The Project is located inwest central Peru approximately 250 kilometers by road north east of the city of Lima at an altitude of3,400 meters.

Drill Holes AE-DDH-08-113 and AE-DDH-08-115 were drilled approximately 150 metres to the east ofSection ATE-3NE, and intersected the Atenea Structure approximately 200 metres and 300 metres belowsurface, respectively.

Drill Hole AE-DDH-08-113 intersected:

Drill Hole AE-DDH-08-115 intersected

These are drill intersections and true widths have not yet been determined.

These two intersections are the eastern extension of the Atenea Structure, and confirm that themineralization in the Atenea Structure continues to the east of the current resource estimate.

"We are pleased with the results from our continuing drill program." states President Andrew Gourlay,"These new intersections have vein and sulphide textures comparable to the main Atenea Structure, and arean important extension of the known mineralized zone. This confirms our belief that the Atenea Structureis well mineralized and has not been fully evaluated."

Surface drilling and underground development of the 3400 Level Adit are continuing. Current resourcesestimates include 4,739,500 tonnes grading 2.73 g/t Au, 18.3 g/t Ag and 0.45% Cu in the measured andindicated categories, with an additional 6,088,700 tonnes grading 1.44 g/t Au, 15.7 g/t Ag and 0.53% Cu inthe inferred category. Resource estimates are from the NI 43-101 Invicta Technical Report filed onSEDAR and dated July 24, 2007. Wardrop Engineering Inc. is currently preparing an updated resourceestimate based on data from the 13,000m 2007 drill program.

The Atenea Structure is the most advanced target of the eight identified on the Invicta Property, whichcovers 41,500 hectares. The Atenea Vein Structure consists of quartz-cemented hydrothermal breccia withvariable amounts of pyrite, chalcopyrite, galena, sphalerite and traces of bornite. The quartz varies fromwhite to grey, and displays acicular crystals, cockade textures and open spaced filling, with rare vugs linedwith quartz crystals to 5cm size. The sulphides within the quartz vary from disseminated to massive. Thebounding faults dip to the south at between 60 and 70 degrees.

Mr. Andrew Gourlay, P. Geol., President of Andean American Mining Corp. is a Qualified Person asdefined in the Canadian Securities Administrators National Instrument 43-101 with the ability and authorityto verify the authenticity and validity of technical and scientific data. This news release has been preparedunder Mr. Gourlay's supervision. All samples were prepared and analyzed by CIMM Labs in Lima, Peru,an ISO-accredited laboratory. Standard reference materials, blanks and field duplicates were inserted priorto shipment from site to monitor the quality control of the analytical data.

On behalf of Andean American Mining Corp.,

"John Huguet"
John Huguet
Chairman & CEO

Andean American Mining Corp. (TSX.V:AAG) (FWB:AQN) (BVL:AAG) is an international mining andexploration company focused on growth both organically and through acquisitions. The Company isactively pursuing new targets of potential early stage gold and silver prospects in Peru and currently hasthree key assets: the 41,500 hectare Invicta gold-silver-copper advanced exploration stage project; 58% ofSinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project; and the9,000 hectare Santa Rosa property, which is a small producing open-pit mine.

For further informationcall(604)681-6186ortollfree:1-888-356-4784orvisitwww.andeanamerican.com

This news release may contain forward-looking information within the meaning of the Securities Act(Ontario) ("forward-looking statements"). Such forward-looking statements may include the Company'splans for its mineral projects, the overall economic potential of its properties, the availability of adequatefinancing and involve known and unknown risks, uncertainties and other factors which may cause theactual results, performance or achievements expressed or implied by such forward-looking statements to bematerially different. Such factors include, among others, risks and uncertainties relating to potentialpolitical risks involving the Company's operations in a foreign jurisdiction, uncertainty of production andcosts estimates and the potential for unexpected costs and expenses, physical risks inherent in miningoperations, currency fluctuations, fluctuations in the price of gold and other metals, completion ofeconomic evaluations, changes in project parameters as plans continue to be refined, the inability or failureto obtain adequate financing on a timely basis, and other risks and uncertainties, including those describedin the Company's Financial Statements, Management Discussion and Analysis and Material ChangeReports filed with the Canadian Securities Administrators and available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of thisnews release.