Hochschild and Andina Announce Mailing of Hochschild Offer and Take-Over Bid Circular and Andina Directors' Circular

Hochschild Mining plc (LSE:HOC) ("Hochschild") and Andina Minerals Inc. (TSX
VENTURE:ADM) ("Andina") today announced the mailing to Andina shareholders of
Hochschild's offer and take-over bid circular and Andina's directors' circular,
in connection with the previously announced recommended all-cash offer to be
made by Hochschild (the "Offer") for all of the issued and outstanding common
shares of Andina ("Shares").


Under the Offer, holders of Shares will receive C$0.80 in cash per Share.

The equity value of the Offer is approximately C$103 million on a fully-diluted
basis and represents a premium of approximately 106% to the 20-day volume
weighted average price of the Shares for the period ending 7 November 2012 on
the TSX Venture Exchange, the last trading day prior to the announcement of the
Offer. 


The board of directors of Andina has approved the Offer and unanimously
recommends that Andina shareholders tender their Shares to the Offer.


Andina's directors, senior management and a significant shareholder, Mackenzie
Financial Corp., have entered into lock-up agreements with Hochschild agreeing
to support the transaction, representing approximately 14% of the Shares
outstanding.


Full details of the Offer are included in the take-over bid circular mailed
today to Andina shareholders. The Offer will expire at 5:00 p.m. (Toronto time)
on 28 December 2012, unless otherwise extended or withdrawn, and is subject to a
number of customary conditions.


Hochschild has retained Georgeson Shareholder Communications Canada Inc. as
information agent ("Information Agent") in connection with the Offer. Equity
Financial Trust Company is the depositary ("Depositary") for the Offer. Any
questions or requests for assistance or further information on how to tender
Shares to the Offer may be directed to, and copies of the above referenced
documents may be obtained by contacting, the Information Agent at 1-866-374-9877
or by email at [e-mail] or by contacting the Depositary at
1-866-393-4891 (North America) or 1-416-361-0152 (overseas), or by email at
[e-mail]. Andina shareholders whose Shares are
registered in the name of a broker, investment dealer, bank, trust company or
other nominee should contact such nominee for assistance in depositing their
Shares to the Offer.


About Hochschild Mining plc 

Hochschild Mining plc is a leading precious metals company listed on the London
Stock Exchange (LSE:HOC) 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. Andina's
flagship development project is the 100%-owned Volcan Gold Project,
strategically located in the prolific Maricunga Gold Belt in Chile.


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


Or visit Andina's website at www.andinaminerals.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
RLM Finsbury
Charles Chichester
Public Relations
[phone]


Andina Minerals Inc.
George M. Bee
President & CEO
416 203 3488


Andina Minerals Inc.
Derrick Weyrauch
Chief Financial Officer
416 203 3488
www.andinaminerals.com


Hochschild Mining plc
Charles Gordon
Head of Investor Relations
[phone]