Metminco Limited announced that it signed a binding Bid Implementation Agreement with Andes Resources Ltd. (Andes) in connection with a proposed merger of the two companies. Upon close of the Merger two directors from Andes will be invited to join the Board of Metminco, with Mr. Kevin Wilson to remain the Chairman of the Company. Andes' current Managing Director, Mr. Jason Stirbinskis will be offered the role of Managing Director of Metminco, and Mr. Ross Ashton will be invited to the Board as a Non-Executive Director.

Mr. Roger Higgins and Mr. Glenister Lamont, current Non-Executive Directors of Metminco are expected to resign at this time. Kevin Wilson has over 30 years' experience in the minerals and finance industries, including as Managing Director of Leviathan Resources. Jason Stirbinskis a Corporate Executive with 12 years experience leading both private and public companies in the mining and mining services space.

He is experienced across a number of commodities including gold, zinc, lead, copper, and nickel and has managed projects ranging from greenfield to DFS/Development in West Africa, Scandinavia, Australia and Central Asia. Ross Ashton has over 45 years experience as a geologist specialising in mineral exploration and development internationally. He was founding Managing Director of Red Back Mining Limited.