Andina Minerals Grants Options

06.12.2010  |  Marketwired

TORONTO, ONTARIO -- (Marketwire) -- 12/06/10 -- Andina Minerals Inc. (TSX VENTURE: ADM) today reported that it has issued, in accordance with its annual compensation review process, a total of 1,860,000 incentive share options to directors, officers, employees and consultants under the Company's share option plan. The options are exercisable into common shares of Andina at CAD$1.51 per share and have a five year term.

About Andina Minerals Inc.

Andina's primary focus is mining exploration and development in Chile. The Company's flagship development project is the 100%-owned Volcan Gold Project, strategically located in the prolific Maricunga Gold Belt. Andina is progressing with a prefeasibility study for Volcan, targeted for completion in early 2011.

Contacts:

Andina Minerals Inc.

George M. Bee

President & CEO

416 203 3488


Andina Minerals Inc.

Investor Relations

416 203 3488
www.andinaminerals.com