Andean American Corporate Update
Andean American Mining Corp. (“the Company”) (TSX.V:AAG, FWB:AQN) is pleased to announce the appointment of Mr. Paulo Bilezikjian to the Board of Directors effective December 07, 2009.
Mr. Bilezikjian is an independent asset manager with extensive experience in Emerging Markets and a superlative track record in investment management. Previously, he was a Partner with Hedging Griffo, then the largest independent Asset Management Company in Brazil, where he headed their international investments division.
A native of São Paulo, Brazil, with a degree from McGill University, Mr. Bilezikjian previously worked for JP Morgan in Brazil and New York in the equity division and was the head of the equity proprietary desk for ING Brazil. From 1997 to 2000, Mr. Bilezikjian was Managing Director and Chief Investment Officer of ING Investment Management in Brazil. In 2000, he became the CIO of one of the largest family offices in the country, managing assets in Brazil and internationally.
“Mr. Bilezikjian’s substantial experience in financial markets in Brazil and internationally brings additional depth to the Board of Directors of the Company”, states Chairman and CEO John Huguet, “and we welcome his appointment.”
The Company has granted 250,000 stock options to Mr. Bilezikjian a price of $0.39 each for a period of 5 years.
On behalf of Andean American Mining Corp.,
“John Huguet”
John Huguet
Chairman & CEO
Andean American Mining Corp.
T:604.681.6186
F:604.681.3652
E: investors@andeanamerican.com
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 targets of potential early stage gold and silver prospects in Peru and currently has two key assets: the 41,500 hectare Invicta gold-silver-copper advanced exploration stage project; 59% of Sinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project. For further information call (604) 681-6186 or toll free: 1-888-356-4784 or visit www.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.