Colombia Round 2012

2 October 2012

Andes Energia plc

("Andes" or "the Company")

Colombia Round 2012

The Board of Andes (AIM: AEN; BCBA: AEN), the Latin American E&P group, is pleased to announce that Andes, in a joint venture with Integra Oil & Gas SAS, has been accepted by the ANH (National Hydrocarbon Agency of Colombia) to participate in the bidding process for Class-1 Blocks, in the Colombia Round 2012.

Class-1 Blocks are located in "mature" basins, for which extensive geological knowledge is available. These shall be assigned under Exploration and Production Contracts.

The list of approved qualifying companies competing in the tender process includes global firms such as Statoil, ConocoPhillips, EOG, Shell, Total, YPF, Exxon and Petrobras amongst others.

The bids shall be presented on October 17th in the City of Cartagena, in front of a public audience, whereupon the bids will be opened and considered.

Further information on the Colombia Round 2012 bidding process can be found on the organisation's website: http://www.rondacolombia2012.com.

 For further information please contact:

Note to Editors:

Andes is a Latin American oil and gas group, with interests in Argentina and Paraguay. The Company's focus is on the oil and gas sector in South America, which it believes offers premium assets at undervalued prices.