Canadian Company Spotlight

Andean American Mining Corp. 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 project and 61% of Sinchao Metals Corp., owner of the Sinchao polymetallic mineralization project.

Projects

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 Barrick wholly owned subsidiary, Minera ABX Exploraciones SA in 2005. Having exercised its option and acquired additional ground through staking, Andean now holds 41,500 hectares in the Invicta Project.

At the Sinchao Property, the mineralization encountered to date is a true polymetallic with copper, gold, silver, zinc and lead. Sinchao Metals Corp., of which Andean American owns 58% as of August 29, 2008, was formed in April 2006 to allow shareholders to participate directly in the development of this distinctive property.

Invicta

The Invicta Project is located in West–Central Peru in the department of Lima, province of Huaura, approximately 250 kilometres by road northeast from the city of Lima, Peru. It is accessible by driving on the Pan–American Highway 154 kilometres (1:45 hours), and continuing approximately 96 kilometres on a steep terrain gravel road until the project area is reached (2:00 hours) at an elevation of 3,400 meters above sea level.

This resource estimate, comprised of sulphide mineralization only, is based on 12,400 metres of diamond drilling completed by Pangea Peru SA during 1997 and 1998 as well as 14,200 metres of diamond drilling and approximately 1,200 metres of underground development completed by Andean American during 2007 and 2008.

Sinchao

Andean American acquired the Sinchao property in Cajamarca province, northern Peru, in 1996. Initial geological mapping, surface sampling, Induced Polarization and magnetometer surveys were completed in 1996, followed by over 8000 metres of drilling during 1997 and 1998. Results were very encouraging, however, metal prices were at all time lows and exploration was halted. Since 1998, Andean American consolidated the land position and in 2005 acquired 21 hectares contiguous with the existing Sinchao property to complete its land acquisitions.

Sinchao Metals now owns 100% of the Sinchao Property. Four mineralized systems have been identified on the Sinchao Property: the Skarn Zone, the Breccia Zone, the High Sulphidation Epithermal Zone and the Massive Sulphide Lenses. In 2006, the geophysical surveys were completed and integrated into the ongoing geological mapping. The 2007 exploration program involved an initial 5,000-metre diamond drill program to further test the continuity and limits of the Breccia Zone, and to test the High Grade Zinc in the Skarn Zone. The 2008 drill program concentrated on the Breccia zone as part of a 9,250 metre program leading to an estimation of Inferred Resources. Mineralization has been identified over an area of approximately 700 metres by 600 metres and to depths of up to 450 metres, with the mineralization remaining open in all directions.

The 2008 drill program was concentrated on the Breccia zone as part of a 9,250 m program leading to an estimation of inferred resources. The inferred resource estimate utilized various cut offs ranging from 0.13 % copper and 0.07 g/t gold with 416 million tonnes grading 0.36% Copper, 0.33 g/t Gold and 9.2 g/t Silver up to a cut off grade of 0.48% Copper and 0.64 g/t gold with 64 million tonnes grading 0.85% Copper, 0.90 g/t Gold and 110.3 g/t Silver.

As an example, the 237 million tonne inferred resource contains an estimated 3.73 million ounces of gold, 2.45 billion pounds of copper and 92 million ounces of silver, or 4.04 billion pounds of copper equivalent grading 0.77% copper equivalent based on US$600/oz gold, US$1.50/lb copper and US$8/oz silver. This inferred resource is within a larger inferred resource of 416 million tonnes grading 0.36% copper, 0.33 g/t gold and 9.3 g/t silver containing an estimated 3.3 billion pounds of copper, 4.4 million ounces of gold and 123 million ounces of silver.

Information on Peru

Peru is one of the most mineralized regions of the world and it has a long, rich mining history of over 400 years. The country's government is mining friendly, has a relatively quick approval cycle and high environmental standards. Peru is the world's largest producer of silver and is in the top five for global production of gold (5), copper (3) and zinc (3). Gold and copper are the country's top two exports. In 2006, the country had gold exports worth over 4 billion dollars US and copper exports worth over 6 billion dollars US.

Peru's population is estimated at 28.7 million and it is the 3rd largest country in South America at 1.3 million square kilometres, slightly larger than Ontario, Canada. Over 27 percent of the country's population resides in Lima, the capital of Peru, which has a population of 7.6 million.

John F. Huguet, CMA, FCMA, AICPA - Chairman & CEO

Mr. Huguet has over 40 years in natural resource development, including North, Central and South America and South East Asia. Many joint ventures and unique financing structures highlighted his career with the Atkinson Companies. He started his career in 1963 with Atkinson and left Atkinson in April 1997 where he had served 8 years as President and 4 years as Managing Director of Atkinson Holdings and Commonwealth Construction. During its 33 years, this Company constructed and placed into operation 86 major mining projects. Mr. Huguet joined Andean American as Chairman in April 1997 and took operational control in September 1998.

Andrew Gourlay, P. Geol. - President

Mr. Gourlay is a mineral exploration geologist who has worked as a Professional Geologist, Qualified Person and author of numerous NI 43-101 reports for nearly three decades. A graduate of the University of British Columbia in 1977, Mr. Gourlay has extensive exploration and management experience throughout Asia, North America and South America. Mr. Gourlay has successfully advanced projects from the grassroots to definition drilling and the resource calculation stage. These include the Bonaparte Gold Property in British Columbia and managing Kennecott Canada's first two years of successful diamond exploration in the Lac de Gras area. Mr. Gourlay has also been the Exploration Manager for Chase Resource Corp. in the Philippines, Essex Resource Corp. in Bolivia and for Asia Gold Corp., a subsidiary of Ivanhoe Mines Ltd., in Mongolia. Mr. Gourlay is a Professional Geologist registered with The Association of Professional Engineers, Geologists and Geophysicists of Alberta and a Fellow of the Geological Association of Canada.

John Bortnak - Senior Vice President, Corporate Development

Mr. Bortnak is a Business Development professional with 36 years of experience in all facets of the natural resource sector in Canada, USA, and internationally. His experience includes numerous major mining projects in North and South America. He was with Commonwealth Construction for 24 years in various management roles including operations, and later as Vice President of Business Development. Mr. Bortnak then served as Vice President of Business Development with Commonwealths parent company, VECO Engineering, until the end of 2007. His breadth of experience in project development also includes market strategy, proposal management, contract negotiations, client relationships, and project management.

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