VANCOUVER, British Columbia, Oct. 22, 2001 (PRIMEZONE) -- Mr. Huguet announces that he has acquired 500,000 common shares (the "Shares") of Andean American Mining Corp. ("Andean") (CDNX:AAG) pursuant to a private placement financing by Andean American as announced September 6, 2001 and accepted for filing October 18, 2001.
Mr. Huguet now owns 3,026,214 shares, 100,000 options and 900,000 warrants, representing approximately 18.5% of the issued shares of Andean, assuming Mr. Huguet exercised his warrants and options.
For further information, please contact: John Devlin at 866-885-0484 or jdevlin@aag-cdnx.com or the Company at phone: (604) 681-6186, toll free: 888-356-4784 and Fax: (604) 681-3652, email: info@andeanamerican.com or info@aag-cdnx.com Web site: www.andeanamerican.com
John F. Huguet
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