Grass Roots Research Issues Buy Recommendation on Andes Gold Corporation With a 12-Month Price Target of $0.083 per

Thu Jun 28, 2012 9:45am EDT

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  BOCA RATON, FL, Jun 28 (Marketwire) -- 
Andes Gold Corporation (PINKSHEETS: AGCZ), a gold mining company with
existing operations in Ecuador, reports that Grass Roots Research (GRRD)
Wall Streets leading independent micro-cap research firm announced that
it has initiated coverage of AGCZ (PINKSHEETS: AGCZ) with a BUY
recommendation and a 12 month price target of $0.083 per share. GRRD
provides an in-depth analysis, including 5 year financial and evaluation
projections, on AGCZ's plan and its significant growth drivers. Acopy of
the report is available for download at 

    An excerpt from the GRRD report states, "With AGCZ's impeccable mining
operations, a strong market opportunity for increased production with
current significant reserves makes the junior miner a company with
considerable upside for AGCZ stock. We are initiating coverage with a BUY


    Grass Roots research and Distribution Inc (GRRD) is Wall Street's leading
independent micro-cap research firm, concentrating on emerging companies
with strong management teams focusing on shareholder value and
sustainable competitive advantage. GRRD led by renowned security analyst
D. Paul Cohen, highlights the Company's (AGCZ) market opportunity,
technology, management, competition and other key differentiators that
may affect their long and short term evaluation. GRRD focuses on those
public companies that lack or have minimal Wall Street research analyst
coverage. GRRD research reports are commissioned and paid for by the
company covered or by third parties. For more information visit

    Grass Roots Disclaimer states: "This report/release is for informational
purposes only. Information contained herein is based on public
information. GRRD complies with securities laws, regulations and ethical
standards as related to our legal and compliance requirements. Our firm
is not a member of any association for other research providers. GRRD is
not a registered investment adviser. Do your own research." To assess the
complete disclosure and disclaimer download a copy of the AGCZ report at


    AGCZ is a producing gold operation with an aggressive plan to expand its
mining operations and increase reserves. Unlike other mining stocks, AGCZ
has producing mines and operating mills and is 3 to 5 years ahead of
other junior mining companies and other common gold exploration stocks.
AGCZ has proven extensively that its operators can not only find gold,
but can bring it on production using its on site and fully owned mills.
AGCZ increasing reserves and expanding operations makes the Company an
undervalued play. For more information, please contact the company at
(561) 210 8496 or or investors can find real-time
quotes and market information for the Company on 

    Safe Harbor Statement: The Private Securities Litigation Reform Act of
1995 provides a "Safe Harbor" for forward-looking statements. Certain of
the statements contained herein, which are not historical facts, are
forward-looking statements with respect to events, occurrences of which
involve risks and uncertainties. These forward-looking statements may be
impacted either positively or negatively by various factors, Information
concerning potential factors that could affect the company are detailed
from time to time in the Company's reports filed with regulatory bodies


Andes Gold Corporation
(561) 210 8496 

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