trafigura exercises optionTORONTO, ONTARIO--(Marketwire - Feb. 1, 2011) - Andean American Gold Corp. (TSX VENTURE:AAG)(FRANKFURT:AQN) ("Andean American" or the "Company") is pleased to announce that, pursuant to an agreement with Trafigura Beheer B.V. ("Trafigura") as disclosed on March 31, 2010, and which agreement was subsequently assigned to Trafigura's wholly-owned subsidiary, Urion Mining International B.V.("Urion") on September 30, 2010, Urion has purchased 19,574,605 common shares of the Company at the agreed Discounted Market Price of CDN
.77 per share, calculated using the closing share price of Andean's common shares on the TSX-V on January 28, 2011. The aggregate purchase price for the common shares wasCDN$15,072,445.85.