AOVTF Andover Mining Corporation (CE)

RedChip Research, a division of RedChip Companies, Inc., today announced it has issued a research update on Andover Mining Corp. (TSX-V:AOX) (OTC.BB:AOVTF.PK), a precious and base metal exploration and development company with holdings in the historic East Tintic Mining District, Utah, USA, and the polymetallic-rich Ambler Mining District, Alaska, USA.

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Disclosure

The views expressed in this report and/or any and all other reports associated hereto, (which includes the actual rating assigned to the company as well as the analytical substance and tone of the report), accurately reflect the personal views of the analyst(s) covering the subject securities. No part of the analyst's compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. The analyst(s) contributing to this report do not hold any shares of the subject securities. This report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Andover Mining Corp. ("AOX") is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. AOX paid RedChip Visibility $18,000 for twelve (12) months of RedChip Visibility Program services, which included the preparation of the equity research report(s). The equity research report(s) were prepared for informational purposes only and were paid for by the company portrayed in the report. Information contained in the equity research report(s) is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. AOX agreed to pay RedChip Companies, Inc., a fee of $10,000 in cash per month and stock options to purchase up to 400,000 shares of the Company's common stock, with an exercise price of $0.65 per share with a cashless exercise option, for twelve (12) months of these investor relations services. The option shall be fully vested on September 20, 2011 and exercisable until June 20, 2013. RedChip Companies, Inc., employees and affiliates may maintain positions and buy and sell the securities or options of the issuers mentioned herein.

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