October 20, 2014 11:15 PM ET

Metals and Mining

Company Overview of Andina Minerals Inc.

Company Overview

Andina Minerals Inc. acquires, explores, and develops precious metal properties in Chile. It primarily explores for gold and silver. The company principally owns 100% interest in the Volcan Gold project, which is located in the prolific Maricunga Gold Belt in the Atacama region of Chile. Andina Minerals Inc. was founded in 2001 and is based in Toronto, Canada. As of January 11, 2013, Andina Minerals Inc. operates as a subsidiary of Hochschild Mining PLC.

56 Temperance Street

Suite 300

Toronto, ON M5H 3V5

Canada

Founded in 2001

45 Employees

Phone:

416-203-3488

Fax:

416-203-3438

Key Executives for Andina Minerals Inc.

President and Chief Executive Officer
Age: 42
Chief Financial Officer and Secretary
Age: 49
Chief Operating Officer
Vice President of Project Development
Director of Finance and Administration
Compensation as of Fiscal Year 2014.

Andina Minerals Inc. Key Developments

Andina Minerals Inc. Announces Board Changes, Effective from December 31, 2012

Andina Minerals Inc. announced that due to the change of control of Andina, as a result of Hochschild Mining plc through its wholly owned subsidiary, 1710503 Alberta Ltd. acquiring 112,124,252 Shares, representing approximately 81.4% of the outstanding shares of the company on a fully-diluted basis, George Bee, Patrick Downey, R. Gregory Laing, Juan Eduardo Rosselot and Melvyn Williams have resigned from the company's board of directors. Additionally, Robert Danino, Deputy Chairman and Jose Augusto Palma, Vice President, Legal of Hochshild were appointed to the company's board of directors. All resignations and appointments were effective on December 31, 2012.

Andina Minerals Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

Andina Minerals Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. The company reported loss of $447,392 or $0.00 per basic and diluted share against loss of $3,249,590 or $0.03 per basic and diluted share a year ago. Net cash used in operating activities was $1,390,725 against $849,754 a year ago. Expenditures on development of Mineral Properties were $1,283,266 against $1,572,471 a year ago. For the nine months, the company reported loss of $2,553,397 or $0.02 per basic and diluted share against loss of $7,422,831 or $0.07 per basic and diluted share a year ago. Net cash used in operating activities was $3,632,348 against $8,311,620 a year ago. Expenditures on development of Mineral Properties were $11,437,545 against $4,818,678 a year ago.

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