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ANDEAN STRENGTHENS BOARD WITH TWO SENIOR APPOINTMENTS

Andean Resources Limited (ASX: AND) is pleased to announce a strengthening of its Board and
management team with the appointments of Mr Gavin Thomas and Mr Ian Hume as Non-Executive
Directors.
Andean Resources’ Chairman Warren Gilmour said the new appointments bring a wealth of technical,
managerial, corporate and South American operating experience to the Board at a pivotal point in the
Company’s development.
“We welcome Gavin and Ian to their new roles and look forward to their contributions to our exploration
and potential development of Andean’s 100% owned Cerro Negro gold project in Argentina,” said Mr
Gilmour.
“Their experience and skills are well-suited to the Company and will assist significantly in delivering
further shareholder value.”
In addition to his board responsibilities, Mr Thomas has also agreed to become a technical consultant to
Andean and to provide exploration and development advice in relation to the Cerro Negro gold project
and the Company’s overall future corporate strategy.
Prior to joining Andean, Mr Thomas was Managing Director and CEO of Equatorial Mining Limited (ASX:
EQM). He has held a number of senior mining executive positions, including Executive Director and
Director of Exploration with Niugini Mining Limited.
“Gavin’s undoubted strength is his ability to assess and evaluate mineral properties and to understand
the inherent commercial value and risks associated with such properties,” he said.
Mr Thomas is credited with the discovery of Lihir Island, the largest gold mine outside South Africa and
was directly involved in all aspects of the commercial development for the project.
Mr Hume has over 30 years experience in the corporate development of, and equity raising for, a wide
variety of resource projects.
As a former strategic consultant to the private capital group of AMP Limited, he spent over six months in
Chile developing their exposure to the Latin American market.
Most recently Mr Hume served as a Non-Executive Director on the board of Equatorial Mining Limited to
manage AMP Limited’s investment in that company.
As Directors of Equatorial Mining Limited, Mr Thomas and Mr Hume were responsible for the joint
venture negotiations, equity raising, debt financing and ultimate development of Equatorial Mining’s 39%
participation in the El TESORO copper project in Chile.
The new appointments are effective as of 1 October 2004.