Denver Gold Group > Member Company Profile > Andina Minerals Inc.

Address

56 Temperance Street , Suite 300
Toronto , ON M5H-3V5
Canada

Value Drivers

• Discovered over 16 million ounces of gold
• 6.6 million ounces of Proven & Probable Gold Reserves
• Superior jurisdiction - Chile
• Attractive development economics
• Superior leverage to gold

Management

Chairman:	T. Sean Harvey
CEO/President/MD:	George M. Bee
CFO:	Derrick H. Weyrauch
COO:	Bob Ross
Other Key Staff:	Alejandro Labbe - VP Project Development

IR Contact

Derrick Weyrauch
416-203-3488
ir@andinaminerals.com
www.andinaminerals.com

Cautionary Information

© Copyright 2012, Denver Gold Group & Andina Minerals Inc. .

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Last Updated: February 21, 2012

Andina Minerals Inc.

Toronto Venture Exchange : ADM

Status:	Explorer
Primary Mineral:	Gold
Primary Country of Operation:	Chile

Andina's primary focus is mining exploration and development in Chile.

Since its inception in 2004, Andina has discovered, in all categories, over 17 million ounces of gold.

The Company's flagship project is the 100%-owned Volcan Gold Project ("Volcan"), strategically located in the prolific Maricunga Gold Belt.

In February 2011, Andina announced the results of a positive pre-feasibility study for Volcan. Initial Proven and Probable Mineral Reserves are 6.6 million ounces of gold at an average grade of 0.73 g/t. In addition, there remains 2.3 million ounces of Measured and Indicated gold resources at an average grade of 0.66 g/t plus 1.2 million gold ounces in the Inferred category.

Andina is progressing with a feasibility study for Volcan, targeted for completion in the first half of 2012.

In addition to Andina's extensive under-explored land position surrounding Volcan, the Company holds two other mineral properties located within Chile's primary mining regions.

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders

• Mackenzie Financial
• Van Eck Associates
• Sprott Asset Management
• Oppenheimer Funds

Capital Structure

Common Shares Outstanding:	110,433,587
Float (%):	100
Warrants Outstanding:	14,375,000
Options Outstanding:	7,326,250
Fully Diluted Shares:	132,134,837

Stock as of February 17, 2012

	Local: CAD	USD
Stock Price:	0.83	0.83
52-Week Range:	1.75 - 0.71	1.76 - 0.71
Market Cap:	92 MM	92 MM
Fully Diluted Market Cap:	110 MM	110 MM
1-Year Return:	-50.299%