AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU) is pleased to
announce that Peru's Ministry of Energy and Mines has issued the approval
voucher of the Company's Declaration of Environmental Impact Study ("DIA")
application for its advanced-stage Urumalqui Au-Ag exploration project (the
"Project") in Peru. The Company is earning a 60% joint venture interest in the
Project from Gitennes Exploration Inc. (See news release of April 22, 2010).


The DIA authorizes the Company to initiate a proposed Phase I infill drilling
program (the "Program") on the Project. The Program will focus on infill
drilling to a depth of 200 meters along the central and southeastern segments of
the Urumalqui Vein, which cover 1.0 kilometre of the 1.5 kilometre Urumalqui
Vein outcrop where the majority of the Project's historical drilling programs
were concentrated. Based on a review of the Project's historical geological
information, the Company has increased the Program from 2,000 metres to
approximately 3,000 metres of diamond core infill drilling, which is intended to
produce an overall drill hole spacing of approximately 50 metres over the 1.0
kilometre vein strike, to a depth of 200 metres. This level of drilling density
should optimize the results of a NI 43-101 resource estimate, which the Company
plans to commission upon completion of the Program.


The Company has signed water assignment agreements with several surface owners
in the Project area who have water rights sufficient to support the proposed
Program. The Company has applied for a water permit with the Peruvian Local
Water Authority ("ALA") for the utilization of the assigned water rights. The
granting of the water permit is dependent on an approved DIA, and the Company
expects now to receive the water permit from ALA by the end of February 2011.


A Lima-based drilling company has been selected to complete the Program, and a
drilling contract should be concluded in time to initiate the Program during
March 2011.


About AndeanGold Ltd.:

AndeanGold Ltd. is engaged in the acquisition, exploration and potential
development of primarily precious metals properties, principally in Peru and
Ecuador. The focus of the Company's exploration activities is presently in
advancing its Urumalqui Project, as well as pursuing mineral property
acquisitions, in Peru. In Ecuador, the Company's activities have been limited to
administrative and legal matters due to the Mining Mandate issued by the Ecuador
Constituent Assembly on April 18, 2008. In November 2009, President Correa
signed the Mining Regulations into law pursuant to the requirements of the new
Mines Law, which was passed in January 2009. This was the final legal precursor
to the re-initiation of exploration and mining development in Ecuador. The
Company has been issued new mining titles under the new Mines law to its three
key Ecuadorian projects and has filed the requisite documents with the Ministry
of Non-Renewable Natural Resources and Ministry of Environment in support of the
Company's request to renew exploration programs on its key projects in Ecuador.
The Company is actively working with government officials to achieve this end.


Please refer to AndeanGold's website at www.andeangoldltd.com for further
information on the Company's projects and activities.


On Behalf of the Board of Directors of ANDEANGOLD LTD. 

Anthony F. Ciali, President, CEO and Director
Angold Resources (TSXV:AAU)
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