The financial report for the nine (9) months ended September 30, 2012 shows increased revenues and record profits. The total revenue was $4,622,674 for September 30, 2012 compared to revenue of $3,303,408 for the 9 months ended September 30, 2011. This represents an increase in revenue of $1,319,266 over last year. Net profits for the 9 months ended September 30, 2012 was $932,644 versus $364,882 last year, an increase of $567,762 or 156%. The results for 9 months ended September 30, 2012 exceeded the results for the entire 2011 year. The total revenues for all of 2011 was $4,447,521 versus $4,622,674 for 9 months in 2012. Net profits for the 9 months in 2012 was $932,644 versus $621,294 for all of 2011. The Company expects to increase production in the last quarter which will increase revenue and profits

On the balance sheet, The Company reported assets of $4,592,541 and liabilities including amounts due to related parties of $1,097,106, yielding a 4.2 to 1 asset to debt rate.

The Company is currently having its gold reserves independently assessed and it is expected that the report will show an increase in proven reserves. It has been previously reported that Andes had proven gold reserves of 400,000 ozs of gold. It is also expected that the report will also indicate that the company has significant silver and copper reserves. The Companies mills have been upgraded to be able to process both copper and silver.

Andes Gold Corporation trades in the United States on the OTC Pink under the symbol “AGCZ.” For further information, please contact the Company at (561) 210 8496 or www.andesgoldmine.com or investors can find real time quotes and market information for the Company on www.otcmarket.com.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and Andes Gold’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes Gold is not obligated to publicly release revision to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences, except as required under applicable laws.

Andes Gold Corporation
(561) 210 8496
www.andesgoldmine.com

Andes Gold Corporation trades in the United States on the OTC Pink under the symbol “AGCZ.” For further information, please contact the Company at (561) 210 8496 or www.andesgoldmine.com or investors can find real time quotes and market information for the Company on www.otcmarkets.com.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and Andes Gold Corporation’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences, except as required under applicable laws.

The mill has two circuits: one for ore water flotation (sulfides) and a circuit for ore cyanidation. There are three vertical flotation tanks and one large agitation tank for cyanide. See pictures on the website www.andesgoldmine.com. The new mill will significantly increase Andes cash flow as it reaches capacity over the next 90 days. The Company has two(2) producing gold mines and two(2) fully operating mills/smelters. At capacity the mills can produce 220 tons of ore per day.

Andes Gold Corporation trades in the United States on the OTC Pink under the symbol “AGCZ.” For further information, please contact the Company at (561) 210 8496 or www.andesgoldmine.com or investors can find real-time quotes and market information for the Company on www.otcmarkets.com.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and Andes Gold Corporation’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences, except as required under applicable laws.

Andes Gold Corporation
(561) 210 8496
www.andesgoldmine.com

The Company is completing development work that will increase its proven reserves and increase the production of the mines as it brings its mills up to capacity and brings additional concessions on production. The Company currently has two (2) producing gold mines and a fully operating mill/Smelter with an excellent cashflow. This agreement will allow the Company to reach capacity at its mill sooner than expected.

Andes Gold Corporation trades in the United States on the OTC Pink under the symbol “AGCZ.” For further information, please contact the Company at (561) 210 8496 or at www.andesgoldmine.com or investors can find real-time quotes and market information for the company on www.otcmarkets.com.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and Andes Gold Corporation’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences, except as required under applicable laws.

Andes Gold Corporation
(561) 210 8496
www.andesgoldmine.com

With the increase in capacity, the Company will increase the amount of ore it is processing from other mines that do not have milling capacity. Testing of ore from other mines show that the grades will range from 0.6 oz per ton to 1.45 ozs per ton.

The Company is completing development work that will increase its proven reserves and increase the production of the mines as it brings its mills up to capacity and brings additional concessions on production. The Company currently has two(2) producing gold mines and a fully operating mill/ Smelter with an excellent cashflow.

Andes Gold Corporation trades in the United States on the Pink sheets under the symbol “AGCZ.” For further information, please contact the Company at (561) 210 8496 or at http://www.andesgoldmine.com/.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and Andes Gold Corporation’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences, except as required under applicable laws.

Andes Gold Corporation
(561) 210 8496
http://www.andesgoldmine.com/

The report for the first quarter ended March 31, 2012 shows total revenues of $1,269,965 compared to revenues of $705,915 for the first quarter last year. This is an increase of $564,050 or 80% over the prior year. Net profits for the period ended March 31, 2012 were $202,176 compared to $105,250 last year, an increase of $96,926 or 92%. This increase in profits was obtained despite increases in wages and salaries from $82,276 to $148,756 and an increase in materials and mining supplies from $80,317 to $193,976. The increases in expenses for the first quarter are a result of increased production that will be reflected in the second quarter of 2012.

Based on the results obtained in the first quarter, the Company is projecting revenues in excess of $5,000,000 and net profits in excess of $800,000 for the year ended December 31, 2012. These projections are a significant increase over the previous year. As we increase production and our milling operations, we anticipate that the revenues will continue growing at an accelerated rate.

Andes Gold Corp trades in the United States on the Pink Sheets under the symbol “AGCZ”.

The complete financial report is available online at:

http://www.otcmarkets.com/stock/AGCZ/financials

About Andes Gold Corporation

Andes Gold engages in mining and milling gold and silver in Ecuador. The company is currently producing on concessions located in the cantons of Zaruma and Portovelo, province of El Oro, southern Ecuador. These concessions are producing gold and silver ore which is being processed in a company-owned mill. For additional information, visit www.andesgoldmine.com or contact the Company at (561) 210 8496.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include product demand, market competition, and Andes Gold’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes is not obliged to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences, except as required under applicable laws.

For additional information
Andes Gold Corp.
(561) 210 8496
www.andesgoldmine.com

There has been an independent video completed that demonstrates that the company is working to provide safe and responsible mining conditions while not polluting the water table and local streams. The company expects to post this video on its website as quickly as possible. The Company will continue to show that it can be socially and environmentally responsible while maintaining a profitable, well balanced operation.

ABOUT ANDES GOLD CORPORATION

Andes Gold engages in mining and milling operations for gold and silver in Ecuador. It is currently examining opportunities in Peru. Its concessions in Ecuador are currently producing gold and silver and the ore is being processed through a company owned mill. Andes also processes ore from mines that do not have the ability to mill their own ore.

Andes Gold Corporation trades in the United States on the OTC Pink Sheets under the symbol “AGCZ.” For further information, please contact the company at (561) 210 8496 or at www.andesgoldmine.com.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results expressed or implied, to differ from predicted outcomes. Risks and uncertainties include product demand, market competition and Andes Gold’s ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes is not obligated to publicly release revisions to any forward-looking statement, to reflectb events or circumstances afterward or to disclose unanticipated occurences, except as required under applicable laws.

The report shows total revenues of $4,447,521, compared to revenues of $2,926,000 for the year ended December 31, 2010, an increase of $1,521,521, or 52% over the prior year. Gross profits for the 2011 year were $2,074,388, compared to $1,307,109 for fiscal 2010, an increase of $767,279. Net profits for December 31, 2011 were $521,294 compared to $257,289 last year. This represents an increase of $264,005, an increase of 103%.

Robert Talbot, Chairman and Chief Executive Officer of Andes Gold Corp., commented, “We are generally pleased with the increase in revenues from the prior year. While the 14% jump last year in gold prices accounts for some of this growth, we also began increasing our daily production efforts. Our short term goal is to extract and process 100 ounces of gold per day, which, once we reach that goal, will translate into revenues ten times that generated in 2011.”

On the balance sheet, the company reported assets of $2,984,538 and liabilities, including amounts due to related parties, of only $939,315, creating a healthy 3:1 asset to debt ratio.

Mr. Talbot added, “Andes Gold has a healthy balance sheet with close to $800,000 in current assets, and liabilities that mostly consist of deferred officer compensation and debts to our parent company, New World Gold. Excluding the value of our proven reserves of over 300,000 ounces of gold, we have net assets of over $2,000,000. Not reflected in the financial statements are revenues being generated from processing third party ore, which did not commence until the current quarter. As we continue to expand our extraction and milling operations, we anticipate that net assets and revenues will continue growing at an accelerated rate.”

The complete financial report is available online at: http://www.otcmarkets.com/stock/AGCZ/financials

About Andes Gold Corporation

Andes Gold engages in mining and milling gold and silver in Ecuador. The company is currently producing on concessions located in the cantons of Zaruma and Portovelo, province of El Oro, southern Ecuador. These concessions are producing gold and silver ore which is being processed in a company-owned mill. For additional information, visit www.andesgoldmine.com or contact the Company at (561) 210 8496.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include product demand, market competition, and Andes Gold’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes is not obliged to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences, except as required under applicable laws.

Andes Gold Corporation
(561) 210 8496
www.andesgoldmine.com

“We have seen a lot of speculative press announcements and analyst propaganda over the past few years as the price of gold has exploded,” Mr. Talbot explained. “Investors need to consider several factors before believing the hype. First, are the reserves proven? For Andes Gold, we don’t consider reserves ‘proven’ until our mining efforts have reached the gold and we’ve had an assay study done showing us the concentration of gold, its purity, and the extent of the vein. Many companies out there proclaim to have found gold but are, in fact, several years away from reaching that gold, let alone proving the value and extent of the find.

“Second, and just as import, the gold must be economically viable to extract. Again, we’ve seen claims of massive gold reserves when in reality, the cost to mine and process the gold is greater than its value. An investor should always ask the relevant question: how much gold per ton is being extracted. At Andes Gold, our average is one ounce of gold per ton of aggregate. What this means is that we can extract and process our gold profitably.”

Discussing proven reserves, Mr. Talbot added, “Right now we have proven reserves of over 300,000 ounces. This is gold that we have found, tested and are currently mining. In addition, we have located additional reserves on site and have been evaluating these reserves. We expect that, once the evaluation is completed, and the new ore is tested, our proven reserves will increase substantially.”

About Andes Gold Corporation

Andes Gold engages in mining and milling gold and silver in Ecuador. The company is currently producing on concessions located in the cantons of Zaruma and Portovelo, province of El Oro, southern Ecuador. These concessions are producing gold and silver ore which is being processed in a company-owned mill.

Andes Gold trades in the United States on the Pink Sheets under the symbol “AGCZ”. For further information, please contact the Company at (561) 210 8496 or at www.andesgoldmine.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include product demand, market competition, and Andes Gold’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes is not obliged to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences, except as required under applicable laws.

Andes Gold Corporation
561-210-8496
www.andesgoldmine.com

The Company is currently mining its gold concessions located in southern Ecuador. This consists of two mines having proven gold reserves of approximately 395,000 ounces of gold. At today’s prices, that represents a value of over $600 million in potential revenue based on an average price per ounce of $1650. The Company’s present mining efforts extract and process approximately 50 ounces per day with an immediate goal of increasing that to 100 ounces of gold per day.

Andes Gold also recently acquired and renovated and modernized a processing mill in the area. In discussing the advantages of having its own mill, Mr. Talbot, the CEO, said, “Operating our own mill saves us having to pay to ship our ore to an outside location and then pay to have it processed. We never have to wait to have our ore processed. With a capacity of 150 tons of ore per day, we can process not only ore from our own mines, but also that of neighboring concessions. We are currently taking in third party ore and processing approximately 20 tons a day. This is a significant additional source of revenue for us as it utilizes surplus capacity at our mill. We expect to bring an additional mill online shortly as demand warrants.”

Andes Gold has been assessing additional concessions in Ecuador. Preliminary results indicate that there is significant mineralization on these concessions. Once the assessment is completed, with its operational mill, the Company will be able to bring these concessions on production immediately. These new concessions are expected to increase our proven reserves significantly. Our short term goal is to produce 100 ounces of gold per day by the end of April 2012.

About Andes Gold Corporation

Andes Gold engages in mining and milling gold and silver in Ecuador. The Company is currently producing on concessions located in the cantons of Zaruma and Portovelo, province of El Oro, southern Ecuador. These concessions are producing gold and silver which is being processed in a company owned mill.

Andes Gold trades in the United States on the PINKSHEETS under the symbol “AGCZ.” For further information, please contact the Company at (561) 210 8496 or at www.andesgoldmine.com.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include product demand, market competition, and Andes’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Andes Gold is not obliged to publicly release revisions to any forward-looking statements, to reflect events or circumstances afterward, or to disclose unanticipated occurrences, except as required under applicable laws.

Andes Gold Corporation
561-210-8496
www.andesgoldcorp.com