• Located within the largely unexplored northern epithermal belt

• Large hydrothermal alteration system within a collapsed caldera

• Limited exploration to-date, no drilling

Property Summary

The 9000 ha Anocarire prospect is located in the district of Putre, Province of Parinacota, Region I, of northern Chile, approximately 120 km east of Arica and 60 km southeast of the town of Putre. Andina has the right to earn a 100% interest in the property by making a series of staged payments totaling US$3,475,000 to the owner and paying a NSR royalty of 0.75% on the proceeds generated at the commencement of commercial production.

The project area encompasses a collapsed volcanic caldera with a broad zone intense hydrothermal alteration measuring 4 by 2.5 kilometres. The alteration system may represent the surface expression of an underlying magmatic hydrothermal - phreatic breccia system in which gold mineralization may have been deposited at depth. Exploration activities are ongoing.