Andina Announces Expiry of Successful Bid by Hochschild Mining plc

Andina Minerals Inc. (TSX VENTURE:ADM) ("Andina" or the "Company") announced
that Hochschild Mining plc (LSE:HOCM.L)(LSE:HOC LN) ("Hochschild") through its
wholly owned subsidiary, 1710503 Alberta Ltd. (the "Offeror") has, since the
initial extension of its November 16, 2012 offer (the "Offer") to acquire all of
the outstanding common shares ("Shares") of Andina for CAD $0.80 per Share in
cash on December 28, 2012, received to date tenders of an additional 5,308,672
Shares. The Offeror has taken up, and will within the time prescribed by
applicable law, pay for all such additional Shares validly deposited pursuant to
the Offer and not withdrawn prior to 5:00 p.m. (Toronto time) on January 11,
2013. Shareholders who deposited their Shares to the Offer will receive payment
for such shares as soon as reasonably possible. After taking up the deposited
Shares, Hochschild and its affiliates now own 117,432,924 Shares, representing
90.84% of the outstanding Shares on a fully-diluted basis.


Andina understands that, as more than 90% of the Shares sought were deposited to
the Offer, the Offeror intends to acquire all of the remaining Shares of Andina
not deposited under the Offer pursuant to the compulsory acquisition provisions
of the Business Corporations Act (Alberta) which transaction is expected to
close in February 2013. As soon as possible, the Offeror further intends to
cause the Shares to be de-listed from the TSX Venture Exchange and Andina to
cease being a reporting issuer under applicable securities laws.


As a consequence of the successful bid by Hochschild, Mr. Ignacio Bustamante,
President and CEO of Hochschild has been appointed, effective immediately, as
Andina's new President and CEO, replacing Mr. George Bee who departs Andina.


About Hochschild Mining plc

Hochschild Mining plc is a leading precious metals company listed on the London
Stock Exchange (LSE:HOCM.L)(LSE:HOC LN) with a primary focus on the exploration,
mining, processing and sale of silver and gold. Hochschild has almost fifty
years' experience in the mining of precious metal epithermal vein deposits and
currently operates four underground epithermal vein mines, three located in
southern Peru and one in southern Argentina. Hochschild also has numerous
long-term projects throughout the Americas.


About Andina Minerals Inc.

Andina's primary focus is mining exploration and development in Chile. The
Company's flagship development project is the 100%-owned Volcan Gold Project,
strategically located in the prolific Maricunga Gold Belt. 


In addition to Andina's extensive underexplored land position surrounding
Volcan, the Company holds two other mineral properties located within Chile's
primary mining regions.


Forward looking Statements 

This announcement contains certain forward looking statements which may relate
to matters such as the business, strategy, investments, production, major
projects and their contribution to expected production and other plans of
Hochschild Mining plc in connection with the Offer and its current goals,
assumptions and expectations relating to its future financial condition,
performance and results. 


By their nature, forward looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that will or may occur
in the future. Actual results, performance or achievements may be materially
different from any future results, performance or achievements expressed or
implied by such forward looking statements. 


The forward looking statements reflect knowledge and information available at
the date of preparation of this announcement. Except as required by the Listing
Rules and applicable law, Andina Minerals Inc. does not undertake any obligation
to update or change any forward looking statements to reflect events occurring
after the date of this announcement. Nothing in this announcement should be
construed as a profit forecast.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hochschild Mining plc
Charles Gordon
Head of Investor Relations
+44 (0)20 7907 2934


RLM Finsbury
Charles Chichester
Public Relations
+44 (0)20 7251 3801

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