Andean American Mining Announces NI 43-101 Technical Report Available on SEDAR

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2008) - Andean American Mining Corp. (TSX VENTURE: AAG.V)(FRANKFURT: AQN.F)(BVL: AAG) -

Andean American Mining Corp. is pleased to announce that the NI 43-101 Technical Report on the Invicta Project authored by Victor Jaramillo, P.Geo., of Discover Geological Consultants Inc., has been filed with SEDAR at www.sedar.com.

The updated resource estimate reported the following:

                                      Gold  Silver  Copper    Lead    Zinc
Category                     Tonnes    g/t     g/t       %       %       %

Measured                    850,000   2.20   29.48    0.69    0.67    0.54

Indicated                 7,053,000   2.10   17.95    0.50    0.34    0.33

Measured and Indicated    7,903,000   2.11   19.19    0.52    0.38    0.35

Inferred                 11,695,000   1.22   10.14    0.27    0.24    0.23

The new 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.

Notes to table:
1. All mineral resources have been calculated in accordance with the
   standards of the CIM Definition Standards on Mineral Resources and
   Mineral Reserves, as required by NI 43-101.

2. Mineral resources that are not mineral reserves do not have demonstrated
   economic viability. The estimate of mineral resources may be materially
   affected by the inability to obtain required environmental and other
   regulatory approval, environmental or operating permits. The estimate
   may also be materially affected by global economic conditions such as
   the price of gold and silver, the price of oil and other commodities
   utilized in the production of gold and silver. Unknown geologic or
   hydrologic conditions or other unknown factors may materially affect
   the resource estimates.

3. The quantity and grade of reported Inferred Resources in this estimation
   are conceptual in nature and there has been insufficient exploration to
   define these Inferred Resources as an Indicated or Measured mineral
   resource and it is uncertain if further exploration will result in
   upgrading them to an Indicated or Measured mineral resource category.

The report recommends another 16,700 metres of diamond drilling with the objective of upgrading the inferred resources into the indicated resource category and testing some of the additional geological potential of the property.

Mr. Andrew Gourlay, P. Geol., President of Andean American Mining Corp. is a Qualified Person as defined in the Canadian Securities Administrators National Instrument 43-101 with the ability and authority to verify the authenticity and validity of technical and scientific data. This news release has been prepared under Mr. Gourlay's supervision. All samples were prepared and analyzed by CIMM Labs in Lima, Peru, an ISO-accredited laboratory. Standard reference materials, blanks and field duplicates were inserted prior to shipment from site to monitor the quality control of the analytical data.

On behalf of Andean American Mining Corp.,

John Huguet, Chairman & CEO

Andean American Mining Corp. (TSX VENTURE: AAG.V)(FRANKFURT: AQN.F)(BVL: AAG) 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; 61% of Sinchao Metals Corp., owner of the Sinchao zinc-copper-silver-gold-lead mineralization project.

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.

This document uses the terms "measured resources", 'indicated resources' and 'inferred resources'. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contacts

John Huguet
Andean American Mining Corp.
Chairman & CEO
(604) 681-6186 or Toll Free: 1-888-356-4784
(604) 681-3652 (FAX)
Email: investors@andeanamerican.com
Website: www.andeanamerican.com