LIMA, Peru, Feb. 22 /PRNewswire-FirstCall/ - Andresmin Gold Corporation
("Andresmin" or the "Company") (NASD OTC-BB: "ADGD") is pleased to announce
that it has closed the previously announced $500,000 USD private placement.
These funds will be used for ongoing exploration and to further finance the
acquisition of additional properties which the Company is currently targeting.
This private placement consists of a convertible debenture, convertible into
units. Each unit is convertible into one share of common stock at a price of
$0.80, and carries an additional share purchase warrant enabling the holder to
purchase an additional common share of the Company for $1.25. The conversion
of the debenture, and the exercise of the warrant, shall be at the discretion
of the debenture holder for a period of two years, however it is not
exercisable until the Company's authorized capital has been increased by that
number of shares necessary to accommodate the conversion. The debenture
carries a two-year term and an interest rate of 8%, payable and compounded
half-yearly.

    About Andresmin Gold Corporation
    --------------------------------
    Andresmin is committed to building shareholder value through the
acquisition, exploration, and development of high quality mineral projects in
the prime Central Andes region of South America, which annually produces 42%
of the world's copper (over $18 billion each year). The Company has an
impressive property portfolio with ten projects of merit encompassing 16,400
hectares of strategically located and highly prospective ground. The Winicocha
copper-gold project in southern Peru is Andresmin's flagship project.
Centromin reports Winicocha hosts an inferred reserve of 1.4 million ounces of
gold, thought to be near surface expression of a much larger underlying
copper-gold porphyry deposit. Recent sampling found a geochemical anomaly with
grades ranging to 1.0% copper and 5.0 grams per tonne gold, and coincident
geophysics has outlined three large anomalies. Exploration is ongoing on all
projects. Andresmin trades under the symbol ADGD on the NASDAQ over-the-
counter bulletin board.


    For further information please contact:
    Resourcex Group:
    Toll (888) 689-1620
    investor@andresmin.com
    http://www.andresmin.com


    THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE
MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF
1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING
ADDITIONAL PROJECT INTERESTS, ANDRESMIN'S ANALYSIS OF OPPORTUNITIES IN THE
ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER
MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE
UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE
RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY
FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.

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