EXHIBIT 99.2
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ANDRESMIN GRANTS INCENTIVE STOCK OPTIONS AND ENTERS INTO
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PUBLIC RELATIONS AGREEMENT
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LIMA, PERU, February 18, 2005 - Andresmin Gold Corporation ("Andresmin" or the
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"Company") (NASD OTC-BB: "ADGD") is pleased to announce that the Company has
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granted an aggregate of 6,410,000 incentive stock options to officers, employees
and consultants of the Company. 6,000,000 of these options were granted on
February 4, 2005, having an exercise price of $0.61 per share; 210,000 of these
options were granted on February 10, 2005, having an exercise price of $0.67 per
share; and 200,000 of these options were granted on February 10, 2005, having an
exercise price of $0.75 per share. All of the 6,410,000 options granted have a
term of two years from the date of grant.
Andresmin is also pleased to announce that the Company has entered into a public
relations agreement with Corporate Development Associates, L.L.C. ("CDA") in an
effort to publicize itself with the intention of making its name and business
better known. Andresmin has engaged CDA as its media, direct mail, and public
relations consultant to provide consultation, support, and assistance in
planning and implementing a long-term campaign to enhance and expand public
awareness of Andresmin's business opportunity. CDA will commence an investor
relations program consisting of an advertisement report on Andresmin to be
distributed in the United States and abroad. CDA has received and managed a
total production budget of $900,000 for this print advertising program and other
efforts.
About Andresmin Gold Corporation
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Andresmin is committed to building shareholder value through the acquisition,
exploration, and development of high quality mineral projects in the prime
Central Andes region of South America, which annually produces 42% of the
world's copper (over $18 billion each year). The Company has an impressive
property portfolio with ten projects of merit encompassing 16,400 hectares of
strategically located and highly prospective ground. The Winicocha copper-gold
project in southern Peru is Andresmin's flagship project. Centromin reports
Winicocha hosts an inferred reserve of 1.4 million ounces of gold, thought to be
near surface expression of a much larger underlying copper-gold porphyry
deposit. Recent sampling found a geochemical anomaly with grades ranging to 1.0%
copper and 5.0 grams per tonne gold, and coincident geophysics has outlined
three large anomalies. Exploration is ongoing on all projects. Andresmin trades
under the symbol ADGD on the NASDAQ over-the-counter bulletin board.
For further information please contact:
Resourcex Group:
Toll (000) 000-0000
xxxxxxxx@xxxxxxxxx.xxx
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xxx.xxxxxxxxx.xxx
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THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING XX
XXXXXXX 00X XX XXX XXXXXX XXXXXX SECURITIES ACT OF 1933, AS AMENDED, AND XXXXXXX
00X XX XXX XXXXXX XXXXXX SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH
RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT
INTERESTS, ANDRESMIN'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND
DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE
STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND
UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.
