Ann: High Grade Cerro Negro Drill Results , page-4

Sydney, 19 December 2008
Xmas Comes Early at Cerro Negro with 31m @ 52 g/t Gold and 568 g/t Silver
Andean Resources (ASX/TSX:AND) today announced more highly encouraging results from its ongoing Phase 5 drilling programs at the Eureka deposit at the Company's 100% owned Cerro Negro gold project in southern Argentina.
Today's results include ;
• some new, and very exciting "bonanza" grades in a deep geotech hole, EDD - 887 (comprising 31m of 52.1 g/t Au and 568 g/t Ag, from 330 metres) in an area of the Eureka deposit with no previous drilling. This re-opens the deposit to depth.
• some modest step outs, beyound the boundry of the current resource, that will likely add new ounces to the resource inventory; and
• further good infill results (eg ERC- 888 which returned 17m @ 14.1 g/t Au and 372 g/t Ag) and which will continue to support the upgrading of inferred ounces into the M & I categories in 2009.
A third drill rig has been mobilised for early January to focus on this newly discovered deeper zone, along strike from EDD - 887.

cheers