CORPORATE UPDATE DECEMBER 3, 2009

To Our Shareholders,

Geoandina Mining Corp. would first like to thank its’ current investors for their ongoing patience while the company has been going through various growing pains. The Company has been diligently working on many aspects of its core business, therefore solidifying the next steps for the various properties that were initially being evaluated. With endless possibilities throughout Argentina, it has been a task to elect and choose properties best suited for our company for future explorations and development.

The Company continues to work towards its’ goals as a junior exploration firm within the mining industry. It has been quite some time since our last Press Release. This is mainly due to the recent volatility in the market, current economic crisis and ongoing changes in the industry. The past year and half we have been in a retrenchment mode due to the broader macro-economic condition. Recently, there have been real signs of stabilization and recent surges in commodity prices have confirmed that the economy is indeed in recovery, which for us means that the economic landscape for junior mining exploration companies has thawed and we are ready to continue and resume our exploration activities.

Geoandina would like to confirm that we have updated our website CONTACT US page and are very pleased to welcome Julian Wright, Mike Williams, Richard Cross and Alan Matthews to our Corporate Relations division. This will facilitate shareholder relations and communication.

As mentioned, we have been evaluating the various properties that we announced in our previous news releases. We would like to confirm with our shareholders that Geoandina Mining Corp. no longer holds any more rights or interests in the following properties : Cerro Negro, Cerro Alumbre, as well as Soberania Sud. The Company evaluated these properties and determined that they would not be financially feasible to explore any further due to geographical location and other logistics.

The property that was explored in depth was La Purisima and we would like to confirm that this property is of interest to our Company, as it has shown promising results to date. This is the ONLY property that our company will proceed with at this time. PetraGold assisted our Company with the initial exploration stage of La Purisima, but, they are currently no longer working with us on this project. We have our own geologic team handling all aspects of exploration.

"We are well aware that things have been taking longer than anticipated in developing our company, yet, it was vital to take our time and make the appropriate decisions. It is important for our shareholder base to know that we are currently entertaining negotiations for a strategic partnership to develop La Purisima and future projects alongside our Company. As a junior company, we are aware of the importance to work with other groups and companies in establishing a strong portfolio, especially now that precious metals are surging therefore indicating a strong future for the industry." (Jonathan Hagen CEO)

Sincerely,

Jonathan Hagen
President Geoandina Mining Corp.