ANDEAN AMERICAN MINING CORPORATE UPDATE
The Board of Directors of Andean American Mining Corp. (“the Company”) is pleased to provide highlights of the annual general meeting that took place in Vancouver, BC, on September 24, 2009.
The Board of Directors was unanimously re-elected and is composed of the following members:
Mr. John Huguet, Mr. Andrew Gourlay (non independent directors), Mr. Bryan Morris, Mr. Shafiq Gulamani, Mr. Nick DeMare and Mr. Ernesto Maurer (independent directors). The Directors re-appointed Mr. John Huguet as Chairman and CEO, Mr. Andrew Gourlay as President, and Ms. Rocio Echegaray as Corporate Secretary.
Other business of the annual general meeting included the re-appointment of the Company auditors, namely Ernst and Young LLP and the approval of the Company’s 2009 Stock Option Plan. The Stock Option Plan is subject to annual regulatory approval. All agenda items passed unanimously.
Following the annual shareholders meeting, the Board of Directors met to elect officers and appoint the following committees of the Board:
Audit Committee:
Strategic Planning Committee:
Corporate Governance and Compensation Committee:
In addition, Angelique Hatch, CA, Corporate Controller, will continue as Acting Chief Financial Officer.
Andean American Mining Corp. (TSX.V:AAG) (FWB:AQN) is an international mining and exploration company focused on growth. The Company is actively pursuing new early stage gold and silver opportunities in Peru and currently has two key assets: the 41,500 hectare Invicta gold-silver-copper feasibility stage project and 58% of Sinchao Metals Corp., owner of the Sinchao polymetallic mineralization project. For further information call (604) 681-6186 or toll free: 1-888-356-4784 or visit www.andeanamerican.com.
On behalf of Andean American Mining Corp.,
“John Huguet”
John Huguet
Chairman & CEO
T: 604.681.6186
E: investors@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's plans for its mineral projects, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of gold and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.