Gitennes Exploration Inc.

2012-02-13

GT_ADMIN — Mon, 13 Feb 2012 23:41:18 +0000

Vancouver, B.C. – February 13, 2012 – Gitennes Exploration Inc. (TSXV-GIT) announces that further to its news release dated January 23, 2012 regarding the sale of a 40% interest in the Urumalqui silver – gold Project to AndeanGold Ltd. it has received conditional approval from the TSX Venture Exchange and also received notice that it will not be required to hold a shareholder meeting to approve the transaction. AndeanGold will continue with its administrative due diligence and the parties will now proceed to sign a Share Sale and Mining Agreement.

The Company also announces that it has granted an aggregate of 850,000 incentive stock options with an exercise price of $0.05 per share to directors and officers. The options are being granted pursuant to the Company’s stock option plan and are for a five year term. The stock option grant is subject to acceptance by the TSX Venture Exchange.

Information about all of Gitennes’ projects may be found by visiting www.gitennes.com.

For further information contact:
Ken Booth 604 682 7970

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

DISCLAIMER: This news release includes certain statements, other than historical information, that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, including, without limitation, statements regarding future plans and objectives of the companies are forward-looking statements that involve various risks and uncertainties. Although Gitennes believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, and other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Mineral exploration and development of mines is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. Historical information necessarily is not current and is provided for your reference only. No warranty whatsoever is made that any of the historical information is accurate, precise, or up-to-date. For more information on Gitennes and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.

2012-02-01

GT_ADMIN — Thu, 02 Feb 2012 18:29:56 +0000

Gitennes Announces Management Changes

Vancouver, February 1, 2011: Gitennes Exploration Inc. (TSXV-GIT) advises that Jerry Blackwell has resigned as President of the Company in order to pursue new opportunities. Mr Blackwell has been with Gitennes since the commencement of Operations in May 1993, and will continue to be a member of the Board of Directors and will act as Gitennes’ Qualified Person (as defined by National Instrument 43-101). On an interim basis, the role of President and CEO will be assumed by Ken Booth, a Director of the Company.

Please refer Gitennes’ website at www.gitennes.com for further information on the Company’s projects and activities.

2012-01-23

GT_ADMIN — Thu, 02 Feb 2012 18:20:43 +0000

Gitennes Exploration Inc – Urumalqui Announcement

Vancouver, B.C. – January 23, 2012 – Gitennes Exploration Inc. (TSXV-GIT) announces that it has signed a Memorandum of Understanding (the “MOU”) with AndeanGold Ltd. that grants AndeanGold the right to acquire an additional 40% interest in the Urumalqui Project. This right is in addition to the existing Option Agreement dated April 21, 2010 (which will remain in effect) that grants AndeanGold an option to earn a 60% interest in the Project.

The MOU contemplates that a formal Agreement will be entered into between Gitennes and AndeanGold such that AndeanGold may acquire indirect control of the Peruvian subsidiary that is the titleholder of the Project’s concessions once it has vested its option to earn 60%. If AndeanGold should elect not to exercise the second option to increase its interest in Urumalqui then control of the subsidiary will remain with Gitennes,

Also, should AndeanGold elect to not meet the terms of the original option to acquire a 60% interest then both the original option and this second option will terminate and ownership of Urumalqui will revert to Gitennes and AndeanGold will have no residual interests.

Terms of the MOU require that AndeanGold will make the following firm and optional payments :

	Cash Payments	Share Issuances
On Signing the MOU	$125,000
On Signing the formal Agreement	$125,000	200,000
On or before 6 months from signing the Agreement	$250,000	200,000
On or before 12 months from signing the Agreement	$ 350,000	250,000
On or before 18 months from signing the Agreement	$400,000	250,000
On or before 24 months from signing the Agreement	$500,000	500,000
On or before 30 months from signing the Agreement	$1,000,000	600,000
Total	$ 2,750,000	2,000,000

If AndeanGold chooses to exercise both options then Gitennes will be entitled to a 1% Net Smelter Returns Royalty on the Project with total payments limited to $1,250,000.

This transaction is subject to acceptance by the TSX Venture Exchange and, if required, the approval of Gitennes’ shareholders.

Terms of original Option Agreement:

In April 2010 Gitennes signed an option agreement with AndeanGold whereby the Company granted it the right to earn a 60% interest in the Urumalqui project. In order to earn its interest AndeanGold must spend $3,000,000 in qualifying exploration expenditures on the project over a four-year term, which shall include a minimum of 3,000 metres of drilling by the end of the second year and 7,000 metres of cumulative drilling by the end of the third year. AndeanGold must also issue 80,000 shares to the Company in four tranches of 20,000 shares each. Gitennes may elect to receive cash in lieu of shares, with the amount not to exceed $25,000, $50,000 and $100,000 with respect to the first, second and third year anniversary date payments, respectively. If the market value of the shares on the respective payment dates exceeds the maximum cash payment amount on such date, the difference will be paid in equivalent shares.

Upon AndeanGold exercising the option a joint venture will exist in which ownership will be 60% AndeanGold and 40% Gitennes. Subsequent activities will be funded on a 60:40 basis; failure to contribute will result in pro rata dilution until the interest is reduced to 10% at which time the non-contributing party converts to a 2% Net Smelter Returns Royalty.

Information about all of Gitennes’ projects may be found by visiting www.gitennes.com.

For further information contact:

Jerry Blackwell
604 682 7970

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.

2011-12-23

GT_ADMIN — Fri, 23 Dec 2011 21:59:32 +0000

Gitennes Exploration Files Technical Report on Urumalqui

Vancouver, December, 23 2011: Gitennes Exploration Inc. (TSXV-GIT) advises that it has filed a Technical Report in support of its News Release dated November 15, 2011 in which an initial Inferred Mineral Resource estimate for the Urumalqui Vein Zone at the Urumalqui silver-gold exploration project was announced. The resource estimate was prepared on behalf of Gitennes and AndeanGold Ltd. (“AndeanGold”), which has an option to earn a 60% interest in the project.

The National Instrument 43-101 (“NI 43-101″) – compliant report titled ”Technical Report Urumalqui Property” dated December 22, 2011 was prepared by Mine and Quarry Engineering Services, Inc. (“MQes”). The assignment was carried-out by Mr Chris Kaye, FAusIMM, B.Eng Chemical, President and Principal Process Engineer, the modelling and estimates were carried out by Mr Doug Blanchflower, P.Geo of Minorex Consulting Limited and Mr. James McCrea, P.Geo. Messrs. Kaye, Blanchflower and McCrea are all qualified persons as defined under NI 43-101 MQes, Minorex, and Messrs. Kaye, Blanchflower and McCrea are independent of both AndeanGold and Gitennes.

The Technical Report may be found in Gitennes’ profile on SEDAR (www.sedar.com) and will be available on the Company’s website shortly.

The Urumalqui Project is located in northern Peru in the Department of La Libertad. AndeanGold has an option to acquire a 60% interest in the Urumalqui Project from Gitennes. In order to earn its interest AndeanGold must spend $3,000,000 in qualifying exploration expenditures on the project over a four-year term, which includes a minimum of 3,000 metres of drilling (completed) by the end of the second year and 7,000 metres of cumulative drilling by the end of the third year. AndeanGold must also issue 80,000 shares to the Company in four tranches of 20,000 shares each. AndeanGold completed its first drill programme in July 2011, which was focused on infill drilling the central and southeastern (1,000–metre) segments of the Urumalqui Vein structure to a depth of 200 metres. This programme included 31 core holes for a total of 5,071 metres which combined with Gitennes’ previous drilling results, confirmed good continuity of mineralization at favourable silver and gold grades.

The technical information in this release has been reviewed by J. Blackwell (P.Geo.), a Qualified Person as defined by National Instrument 43-101.

Please refer Gitennes’ website at www.gitennes.com for further information on the Company’s projects and activities.

FOR FURTHER INFORMATION PLEASE CONTACT:

Jerry Blackwell, President

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.

2011-12-07

GT_ADMIN — Thu, 08 Dec 2011 00:02:37 +0000

Gitennes Announces More Riddle Results

Vancouver, December 7, 2011: Gitennes Exploration Inc. (TSXV-GIT) is pleased to provide an update on its Riddle Project located in central, southern British Columbia. Analytical results have been received for ten samples of mineralized boulders and outcrop grab samples, confirming the presence of light rare earth elements and the unusual nature of the mineralized system.

Sample Number	Lanthanum La (ppm)	Cerium Ce (ppm)	Praseodymium Pr (ppm)	Neodymium Nd (ppm)	Samarium Sm (ppm)	Barium % Ba	Strontium % Sr
24102	2215.7	2727.5	230.07	618.5	56.11	13.23	18.11
24103	2606.2	3159.4	256.33	690.6	61.41	13.49	17.73
24104	2224.1	2677.9	220.6	586.3	50.99	13.44	18.81
24105	2635.7	3212.1	269.95	738.9	66.14	14.8	14.29
24106	2708.5	3333.2	281.02	764.4	68.65	14.48	12.5
24107	2262.4	2772.6	234.21	636.6	56.99	11.82	13.22
24108	2618.3	3245.8	272.48	763.8	68.09	14.79	17.27
24109	2669.8	3221.5	270.47	747.3	67.06	15.11	16.31
24110	2789.2	3378.8	284.99	787.5	70.19	14.48	16.76
24111	3046.1	3885.4	334.04	942.9	84.89	13.07	14.86

All analyses were determined by Acme Analytical Laboratories in Vancouver. Rare earths were determined by ICP-MS following a lithium borate fusion (Acme method code 4B03). Barium and strontium were determined by X-Ray Fluorescence. Heavy rare earth concentrations are low, totalling less than 100 ppm, as are thorium, uranium, zirconium and yttrium.

Samples at Riddle were collected mostly from mineralized boulders scattered along old logging roads across an area 1,100 by 650 metres. Outcrop is extremely sparse in this area. The underlying rocks are mapped as Tertiary-aged Marron Formation phonolite and trachyte flows and conglomerate. Extensive areas of clay alteration (smectite) occur south of the area of current interest. Blocks of mineralized material are up to one-metre on edge, are angular to sub-round and may be locally derived. There is a significant diversity of mineral styles present, indicating more than one source for the float. These styles include hydrothermal breccia, mineralized volcanic tuff and volcanic grit suggesting a shallow hydrothermal system that formed bedded mineralized bodies that are cut by hydrothermal breccias. One small area (8 by 10 m) of outcropping mineralization was found within the boulder field. Mineralization here occurs as numerous, thin sheet-like “beds” within phonolite lava.

The primary rare earth-bearing minerals are yet to be identified. Unusually high strontium and barium levels are due to celestite and barian celestite which are major mineral components to the mineralization, as is purple fluorite and hematite. The strontium/barium association is strongly re-enforced by an orientation Mobile Metal Ion (MMI) survey that yielded a high-contrast, multi-element anomaly over the east-central portion of the area of interest (GIT release dated September 1, 2011).

Gitennes is pleased with the results at Riddle to date. The project is at a very early stage of exploration and is an unconventional, new type of mineralization in British Columbia. Rare earth concentrations are at levels of potential economic interest, and strontium values are exceptional. A 2,100 hectare property has been assembled that provides adequate protection should future work prove that the material found thus far is an indication of a much larger carbonatite / alkalic-magma related mineral system, such as those found at Mountain Pass, Bear Lodge, or Wigu Hill.

The technical information in this release has been reviewed by J. Blackwell (P.Geo.), a Qualified Person as defined by National Instrument 43-101.

Information about all of Gitennes’ projects may be found by visiting www.gitennes.com.

For further information contact:

Jerry Blackwell, President

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.

2011-11-15

GT_ADMIN — Tue, 15 Nov 2011 18:44:50 +0000

Gitennes Exploration Receives Urumalqui Resource Estimate

VANCOUVER, Nov. 15, 2011 /CNW/ – Gitennes Exploration Inc. (TSXV-GIT) (“Gitennes”) is pleased to announce that it has received an initial mineral resource estimate for the Urumalqui Vein Zone at the Urumalqui silver-gold exploration project located in north-central Peru. The resource estimate was prepared on behalf of Gitennes and AndeanGold Ltd. (“AndeanGold”), which has an option to earn a 60% interest in the project.

Summary of Inferred Mineral Resource Estimate – Urumalqui Project

Silver cut-off (g/t)	Tonnes	Silver grade (g/t)	Ounces Silver	Gold grade (g/t)	Ounces Gold
120.00	1,535,000	188.47	9,299,000	1.513	74,700
90.00	1,945,000	171.01	10,692,000	1.378	86,200
60.00	2,147,000	162.15	11,192,000	1.340	92,500

Notes:

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated Mineral Resources will be converted into Mineral Reserves.
The mineral resource was estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the Standards Committee on Reserve Definitions and adopted by the CIM Council on December 11, 2005.
Inferred Mineral Resources are that part of a Mineral Resource for which quantity and grade can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. It is uncertain if further exploration will result in upgrading them to an indicated or a measured mineral resource.
Mineral Resources tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add up due to rounding.
The Estimate is based on 66 diamond drill holes collared on the Urumalqui Vein. These included 35 holes (5,835 metres) drilled by Minera Corimalqui S.A. (a subsidiary of Gitennes) during the period 2003 – 2008, and 31 holes (5,071 metres) drilled by PeruGold Resources S.A.C. (a subsidiary of AndeanGold) in 2011.
The density utilized in the mineral resource estimate was 2.37 tonnes per cubic metre.
Equal length one-metre assay sample composites were calculated from capped assay gold and silver values for all drill holes. Based upon geostatistical results, capping levels were determined to be 850 g/t silver and 8.6 g/t gold.
A modeling cut-off grade of 60 g/t AgEQ (“silver equivalent”) was only used to create a three-dimensional assay domain solid (the “Domain”) for later interpolation. The silver equivalent grade was calculated based on a combination of a gold value at a 3-year trailing average price of US $1,300 / troy oz and 85% metallurgical recovery rate, and a silver value at a 3-year trailing average price of US $26 / troy oz and 65% metallurgical recovery rate.
A block model was created with 5x5x5 metre blocks. Mineral resources were classified as Inferred within a maximum true distance of 70 metres from an interpolated block to the nearest capped grade composite sample point.
The mining cut-off grade of 90 g/t Ag for the estimated inferred mineral resource was based upon reported mining operation cut-off grades for similar gold-silver vein deposits currently in production elsewhere in Peru and South America.
The Inferred Mineral Resource was estimated using GEMS software.

Qualified Persons & Technical Report

The Inferred Mineral Resource Estimate announced in this release, with an effective date of November 8, 2011, meets the guidelines and form as set out in NI 43-101 and was prepared for AndeanGold Ltd. and Gitennes Exploration Inc. by Mine and Quarry Engineering Services, Inc. (“MQes”). The assignment was carried-out by Mr Chris Kaye, FAusIMM, B.Eng Chemical, President and Principal Process Engineer, the modelling and estimates were carried out by Mr Doug Blanchflower, P.Geo of Minorex Consulting Limited and Mr. James McCrea, P.Geo. Messrs. Kaye, Blanchflower and McCrea are all qualified persons as defined under NI 43-101 reporting requirements and have consented to applicable disclosure contained herein regarding the Inferred Mineral Resource Estimate. MQes, Minorex, and Messrs. Kaye, Blanchflower and McCrea are independent of both AndeanGold and Gitennes.

MQes is preparing the NI43-101 Technical Report in support of the Resource Estimate. This report will be filed by the company in its entirety on SEDAR (www.sedar.com) within 45 days of the date of this news release.

Urumalqui Project

AndeanGold has an option to acquire a 60% interest in the Urumalqui Project from Gitennes. The subject of this initial Inferred Resource Estimate is the principal target on the property, the “Urumalqui Vein”, a continuous structure containing one to two quartz-adularia veins within a envelope of altered and variably mineralized volcanic rock. The near-vertical Urumalqui Vein structure is exposed at surface over a strike length of 1,500 metres, is from 0.5 to 11 metres wide (averaging 3 metres). Mineralogy, rock textures and associated alteration are characteristic of low-sulphidation, epithermal mineralization. Mineralization at the Urumalqui Project is hosted in Calipuy Group volcanic rocks.

The exploration potential at the Urumalqui Project remains very good. The Urumalqui Vein has only six drill holes that intersected the structure below 200 metres, all mineralized, while the northwestern end has only widely-spaced, near-surface holes that are too shallow to properly test the extension in this direction. The southeastern limit of the zone has yet to be determined, with two holes there encountering grades and thicknesses that are included within the Inferred Resource Estimate. The Urumalqui Vein itself is just one of several targets on the property. Earlier work at Urumalqui recognized two dominant vein orientations – a NW to SE set that includes the Urumalqui Vein, La Mariscala West Vein, La Mariscala South Vein, and the Penélope Vein, and an east to west set that includes La Mariscala East Vein, Candual East Vein, the Candual West vein zone, and the Candual Vein. These other veins are all located south of the Urumalqui Vein and have had little exploration drilling.

The majority of Gitennes’ drilling programmes (2003 – 2008) was focused on the Urumalqui Vein (35 core holes, 5,835 metres) and in particular the 1,000 metre long central and southeastern segment of the main Urumalqui Vein (27 core holes,4,884 metres) and from the surface down to about 200 metres vertical depth. Based upon vein textures all holes are in the “boiling zone” indicating that the potential for expansion is considered to be good.

AndeanGold completed its Phase I drill programme in July 2011. AndeanGold’s programme was focused on infill drilling to a depth of 200 metres so as to provide a drill spacing of approximately 50 metres along the central and southeastern segments of the Urumalqui Vein structure. This programme included 31 core holes for a total meterage of 5,071 metres. All 31 holes intersected the Urumalqui Vein as predicted in cross sections prepared by the Company. Including Gitennes’ related drilling results, the programme confirmed good continuity of mineralization for the subject 1,000 metre Urumalqui Vein strike, down to 200 metres below surface.

The technical information in this release has been reviewed by J. Blackwell (P.Geo.), a Qualified Person as defined by National Instrument 43-101.

Please refer Gitennes’ website at www.gitennes.com for further information on the Company’s projects and activities.

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.

For further information:
Jerry Blackwell, President
604 682 7970

2011-09-01

GT_ADMIN — Thu, 01 Sep 2011 17:15:31 +0000

Gitennes – Riddle Rare Earth Property Update

Vancouver, September 1, 2011: Gitennes Exploration Inc (TSXV-GIT) is pleased to announce that it has acquired additional properties at its Riddle Project situated in central British Columbia. A second option-to-purchase agreement has been reached, similar in terms to that announced previously in May 2011. The term of the agreement is four years in length with payments totalling $100,000 as follows: $10,000 initial payment on signing the option agreement (paid), followed by a second $10,000 payment after six months, then payments of $20,000 each on or before the first, second, third, and fourth anniversaries. The property is subject to a 1% NSR royalty.

The Riddle Project covers a Tertiary alkaline volcanic feature that has rare-earth mineralization within phonolite flows and tuffs. A limited amount of rock sampling and trenching was done in 2000 by a previous owner. Samples returned values of 2550 to 3130 ppm lanthanum, 582 to 676 ppm neodymium, 3260 to 4340 ppm cerium as well as elevated europium and samarium. Mineralization is associated barite, celestite and fluorite; uranium and thorium contents are very low. The Company completed an initial assessment of the original property during August, 2011, including an orientation soil survey employing the MMI (Mobile Metal Ion) process, a proven analytical technique preformed at SGS Group geochemical Services Laboratories in Don Mills, Ontario that test soils for metals being carried to surface by ground waters. The survey yielded high contrast anomalies over the known mineralization and extends the zone of interest under cover to the edge of the gridded area (125 by 250 metres).

With the additional optioned claims Gitennes now controls 100% of the known extent of rare earth mineralization at Riddle as well as a large area of argillic alteration in the southern portion of the property. It is thought that the mineralization at Riddle may be unique compared to other British Columbia rare earth exploration settings, being hosted within a Tertiary alkaline volcanic centre. Additional work is planned at Riddle during the coming months including detailed geological mapping, expanded soil sampling coverage and trenching.

The Company also announces that its investor relations agreement with MarketSmart Communications Inc has been terminated. Gitennes appreciates the efforts of the MarketSmart team and wishes them future success.

The technical information in this release has been reviewed by J. Blackwell (P.Geo.), a Qualified Person as defined by National Instrument 43-101.

Information about all of Gitennes’ projects may be found by visiting www.gitennes.com.

For further information contact:

Jerry Blackwell
604 682 7970

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.

2011-08-09

GT_ADMIN — Thu, 11 Aug 2011 07:52:13 +0000

Gitennes Reports on Eleven New Holes at Urumalqui

Vancouver, B.C. – August 9, 2011 – Gitennes Exploration Inc. (TSXV-GIT) has received assay results for eleven additional drill holes on the Urumalqui Vein target at our Urumalqui Silver-Gold project located in Peru. These results are provided by AndeanGold Ltd. who has an option to acquire an interest in the property.

FROM	TO	CORE LENGTH	TRUE WIDTH	DEPTH BELOW SURFACE	GOLD	SILVER	AG EQUIVALENT
(metres)	(metres)	(metres)	(meters)	(metres)	(g/t)	(g/t)	(g/t)*	(oz/t)*
DRILL HOLE PGUR #21
106.98	110.00	3.02	2.46	87.96	0.48	78.00	102.00	3.3
DRILL HOLE PGUR #22
35.60	39.49	3.89	3.15	28.21	2.48	181.80	305.60	9.8
DRILL HOLE PGUR #23
55.41	58.90	3.49	2.85	40.33	0.63	72.83	104.35	3.4
DRILL HOLE PGUR #24
121.28	124.00	2.72	2.14	88.32	3.84	287.88	479.73	15.4
including
122.53	124.00	1.47	1.16		6.80	414.90	754.73	24.3
DRILL HOLE PGUR #25
127.00	130.70	3.70	3.04	82.41	0.49	310.62	335.03	10.8
DRILL HOLE PGUR #26
109.10	114.00	4.90	3.83	80.97	1.03	76.22	127.84	4.1
DRILL HOLE PGUR #27
233.83	238.21	4.38	2.90	205.12	0.55	180.36	207.65	6.7
including
235.80	237.55	1.75	1.16		0.96	218.43	266.29	8.6
DRILL HOLE PGUR #28
223.93	226.80	2.87	1.94	193.41	0.21	114.91	125.26	4.0
including
223.93	225.85	1.92	1.30		0.29	159.72	174.10	5.6
DRILL HOLE PGUR #29
225.80	235.34	9.54	3.58	218.97	0.38	48.95	68.13	2.2
DRILL HOLE PGUR #30
70.76	76.40	5.64	4.62	50.37	0.90	116.71	161.81	5.2
DRILL HOLE PGUR #31
63.90	77.70	13.80	11.71	39.79	2.35	218.86	336.27	10.8
including
75.30	77.70	2.40	2.04		1.00	633.56	683.44	22.0

*SILVER EQUIVALENT is Based on a silver to gold ratio of 50:1 and assuming 100% metallurgical recoveries. oz/t – Troy ounces per metric tonne.

The results reported here are from:

four drill holes located within a 200-metre interval at the western portion of the Urumalqui Vein, three deeper holes drilled to a vertical depth of approximately 200 metres below surface, and four shallow holes located in the eastern portion of AndeanGold’s target area test a previously undrilled section of the vein that was avoided during our earlier campaigns due to the possibility of underground exploration workings.

Shareholders are encouraged to view an updated Longitudinal Section of the target on the Company’s website at www.gitennes.com.

AndeanGold has completed 31 holes totalling 5,071 metres of core drilling. All intersected the Urumalqui Vein and were situated within an 1000-metre segment of the much larger mineralized structure. The Urumalqui Vein remains open to expansion along strike in both directions and to depth.

AndeanGold’s programme was designed to increase confidence levels with respect to grades, thicknesses and continuity of the zone by infill drilling only a portion of the vein structure at 50 metre centres to a vertical depth of 200 meters. AndeanGold’s next step is to commission a resource estimate, to be prepared by an independent party following the guidelines outlined by NI 43-101.

Quality Assurance/Quality Control:

AndeanGold has in place a detailed QA/QC program consistent with Canadian Securities Administrators National Instrument 43-101 and using best industry practices. The program includes chain of custody of samples, standards and blanks submitted to the independent Inspectorate Lab in Lima Peru with each batch of samples, and a check assay program on a proportion of sample pulps with a second independent laboratory.

Background:

In February 2010 Gitennes signed an option agreement with AndeanGold whereby the Company granted it the right to earn a 60% interest in the Urumalqui project. In order to earn its interest AndeanGold must spend $3,000,000 in qualifying exploration expenditures on the project over a four-year term, which shall include a minimum of 3,000 metres of drilling by the end of the second year and 7,000 metres of cumulative drilling by the end of the third year. AndeanGold must also issue 80,000 shares to the Company in four tranches of 20,000 shares each. Gitennes may elect to receive cash in lieu of shares, with the amount not to exceed $25,000, $50,000 and $100,000 with respect to the first, second and third year anniversary date payments, respectively. If the market value of the shares on the respective payment dates exceeds the maximum cash payment amount on such date, the difference will be paid in equivalent shares.

The technical information in this release has been reviewed by J. Blackwell (P.Geo.), a Qualified Person as defined by National Instrument 43-101.

Information about all of Gitennes’ projects may be found by visiting www.gitennes.com.

For further information contact:

Jerry Blackwell
604 682-7970

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.

2011-07-07

GT_ADMIN — Thu, 07 Jul 2011 23:25:55 +0000

Gitennes Reports Strong Set of Urumalqui Assay Results

Vancouver, B.C. – July 7, 2011 – Gitennes Exploration Inc. (TSXV-GIT) has been advised by AndeanGold Ltd. (TSXV-AAU) of assay results for nine more drill holes from its drilling programme on the Urumalqui Vein target at our Urumalqui Silver-Gold project located in Peru.

FROM	TO	CORE LENGTH	TRUE WIDTH	DEPTH BELOW SURFACE	GOLD	SILVER	AG EQUIVALENT
(metres)	(metres)	(metres)	(width)	(metres)	(g/t)	(g/t)	(g/t)) *	(oz/t) *
DRILL HOLE PGUR #12
64.20	68.20	4.00	2.79	53.20	1.32	377.11	443.15	14.2
including
65.20	67.70	2.50	1.75		1.78	577.00	666.09	21.4
DRILL HOLE PGUR #13
115.00	121.47	6.47	2.73	112.92	2.56	205.19	333.03	10.7
including
115.73	120.67	4.94	2.08		3.10	250.88	405.96	13.1
DRILL HOLE PGUR #14
172.17	176.00	3.83	2.50	152.72	0.20	163.91	173.94	5.6
including
172.17	175.20	3.03	1.98		0.24	195.63	207.47	6.7
DRILL HOLE PGUR #15
53.98	58.93	4.95	3.16	46.94	0.83	179.55	221.27	7.1
including
54.98	58.40	3.42	2.18		0.92	239.84	285.80	9.2
DRILL HOLE PGUR #16
100.61	105.97	5.36	3.63	82.01	1.37	329.23	397.51	12.8
including
100.61	104.74	4.13	2.80		1.68	412.33	496.20	16.0
DRILL HOLE PGUR #17
151.90	166.00	14.10	6.83	144.82	0.86	203.27	246.34	7.9
including
154.85	160.20	5.35	2.60		0.29	286.79	301.07	9.7
and
162.11	166.00	3.89	1.88		2.63	244.51	376.13	12.1
DRILL HOLE PGUR #18
128.95	138.40	9.45	4.57	122.79	1.68	325.13	409.02	13.2
including
131.30	134.35	3.05	1.48		0.63	812.30	843.86	27.1
DRILL HOLE PGUR #19
60.10	61.60	1.50	1.17	45.62	0.39	158.27	178.00	5.7
DRILL HOLE PGUR #20
90.00	93.70	3.70	1.93	84.81	0.87	331.00	374.30	12.0

Silver equivalent is calculated on a silver to gold ratio of 50:1 assuming 100% metal recovery, expressed in grams/tonne and troy ounces/metric tonne.

The latest holes were drilled along strike over an approximate 200 metre interval to the west of the eleven drill holes announced earlier this year (news releases dated May 13 and 24, 2011 and June 7, 2011). Based upon Gitennes’ previous reconnaissance drilling, current results demonstrate excellent continuity of the mineralized structure along 800 metres of the 1,000 metre segment targeted in AndeanGold’s current programme. The zone remains open to expansion along strike and to depth. An updated Longitudinal Section of the Urumalqui Vein, showing all drill intersections is available on the Gitennes’ website).

AndeanGold expanded its original programme and now reports that it has completed 31 core holes totalling 5,071 metres, Results for the first 20 holes of the drill holes have been received and reported by both Companies.

Quality Assurance / Quality Control:

AndeanGold has a detailed QA/QC program in place consistent with best industry practices. The program includes chain of custody of samples; standards and blanks submitted to the independent Inspectorate Lab in Lima Peru with each batch of samples, and a check assay program on a proportion of sample pulps with a second independent laboratory. AndeanGold advises that the results to date of the QA/QC program have been satisfactory.

Background:

Update on other Gitennes Projects

Gitennes recently completed its first pass of reconnaissance prospecting and mapping at the Blue Ice Option near Sept Iles, Quebec. Based upon the work done during the past twelve months the Company has decided not to renew its option on the property and will focus on its Silver King copper-gold and Cross gold properties in Nevada plus the Keg and Riddle properties in British Columbia.

The technical information in this release has been reviewed by J. Blackwell (P.Geo.), a Qualified Person as defined by National Instrument 43-101.

Information about all of Gitennes’ projects may be found by visiting www.gitennes.com.

For further information contact:

Market Smart Communications Inc.

877 261-4466

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.

2011-06-07

GT_ADMIN — Tue, 07 Jun 2011 16:15:54 +0000

Gitennes reports the third set of Silver – Gold assays from Urumalqui

Vancouver, June 7, 2011: Gitennes Exploration Inc. (TSXV-GIT) (“The Company”) has been advised by AndeanGold Ltd. (TSXV – AAU) (“AndeanGold”) of assay results for five more drill holes from AndeanGold’s infill drilling program on the main Urumalqui Vein (the “Vein”) at the Urumalqui Project in Perú. The assay results are as follows:

FROM – TO	INTERVAL	TRUE WIDTH	GOLD	SILVER	SILVER EQUIVALENT*
(metres)	(metres)	(metres)	(g/t)	(g/t)	(g/t)	(oz/ tonne)
DRILL HOLE PGUR #01 (VEIN INTERSECTED – 86.77 METRES BELOW SURFACE)
103.90-108.80	4.90	3.92	3.42	184.45	355.45	11.43
including
103.90-107.80	3.90	3.12	4.26	208.95	421.85	13.56
DRILL HOLE PGUR #2(VEIN INTERSECTED – 146.74 METRES BELOW SURFACE)
161.3-168.12	6.82	3.78	3.03	189.21	340.93	10.96
including
162.15-166.20	4.05	2.24	4.98	240.27	489.24	15.73
DRILL HOLE PGUR #3 (VEIN INTERSECTED – 146.03 METRES BELOW SURFACE)
165.25-170.4	5.15	3.42	1.96	183.66	281.83	9.06
including
166.00-169.80	3.80	2.52	2.65	235.67	368.03	11.83
DRILL HOLE PGUR #4 (VEIN INTERSECTED – 129.91 METRES BELOW SURFACE)
142.50-155.10	12.60	7.48	0.35	321.23	338.88	10.90
including
142.50-150.91	8.41	4.98	0.46	455.47	478.53	15.39
DRILL HOLE PGUR #5 (VEIN INTERSECTED – 177.85 METRES BELOW SURFACE)
185.20-193.75	8.55	3.80	0.28	95.78	109.90	3.53
including
185.20-188.10	2.90	1.29	0.27	148.33	162.06	5.21

* SILVER EQUIVALENT – Based on a silver to gold ration of 50:1 and assuming 100% metallurgical recoveries, expressed as oz/ tonne – Troy ounces per metric tonne.

These latest holes concentrate upon a 350-metre interval along strike and to the west of AndeanGold’s previously announced six drill holes, bringing the total interval of 50 metre-spaced drill intercepts to 550 metres. PGUR #01 is the western-most hole planned in the current program. Gitennes has drilled the vein an additional 500 metres further west, but on very wide-spaced intervals and only to shallow depths.

AndeanGold’s original drill program envisaged up to 23 diamond core holes and up to 4,000 metres of drilling. AndeanGold reports that it is now planning to drill up to 5,000 metres, consisting of 29 diamond core holes, in order to provide additional infill drilling in some key areas. To date, 23 holes have been completed for 3,637 metres, and all 23 completed holes have intersected the Urumalqui Vein as predicted in cross sections prepared by AndeanGold.

The program is focused on infill drilling to a depth of 200 meters so as to provide a drill spacing of approximately 50 metres along the central and south-eastern segments of the Urumalqui Vein, covering 1.0 kilometre of the 1,500 metre-long Urumalqui Vein. AndeanGold expects that this level of drilling density should be sufficient for the preparation of a NI 43-101 resource estimate, which it plans to commission upon completion, and subject to the results, of the current drilling program.

Background: In February 2010 Gitennes signed an option agreement with AndeanGold whereby the Company granted it the right to earn a 60% interest in the Urumalqui project. In order to earn its interest AndeanGold must spend $3,000,000 in qualifying exploration expenditures on the project over a four-year term, which shall include a minimum of 3,000 metres of drilling by the end of the second year and 7,000 metres of cumulative drilling by the end of the third year. AndeanGold must also issue 80,000 shares to the Company in four tranches of 20,000 shares each. Gitennes may elect to receive cash in lieu of shares, with the amount not to exceed $25,000, $50,000 and $100,000 with respect to the first, second and third year anniversary date payments, respectively. If the market value of the shares on the respective payment dates exceeds the maximum cash payment amount on such date, the difference will be paid in equivalent shares.

A technical report on the Urumalqui Project, dated March 30, 2009 is available under the Gitennes’ disclosure filings at www.sedar.com. Information about Urumalqui and Gitennes’ other projects may be found by visiting www.gitennes.com.

The technical information in this release has been reviewed by J. Blackwell (P.Geo.), a Qualified Person as defined by National Instrument 43-101.

For further information contact:

Market Smart Communications Inc.
877 261-4414

This press release does not constitute an offer to sell or a solicitation to buy any of the securities of Gitennes in the United States.