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File: Andover NR.docx

 
ANDOVER MINING CORP
Suite 890 - 999 West Hastings Street Vancouver, BC  V6C 2W2
News Release For Immediate Release
ANDOVER FAILS TO RECEIVE APPROVAL FOR CREDITOR PROPOSAL AND IS DEEMED BANKRUPT
February 13, 2014, Vancouver, B.C. - Andover Mining Corp., (the "Company") (AOX-TSX-V) (AOVTF-United States) (R2X-Fran
--->kfurt Exchange), which last year announced that it had filed a Notice of Intention to make a proposal (the "NOI") for 
--->its reorganization under the Bankruptcy and Insolvency Act (Canada) (the "BIA"), was deemed bankrupt on February 12, 2
--->014 (the "Bankruptcy").  Further details on the Bankruptcy are set forth below.
Bankruptcy
The Company filed the NOI with the Office of the Superintendent of Bankruptcy (Canada) in accordance with the BIA on A
--->ugust 22, 2013.  After a number of extensions granted by the Supreme Court of British Columbia, the Company filed a pr
--->oposal with its creditors on January 22, 2014 (the "Proposal").  Abakhan & Associates Inc. ("AAI") was named as truste
--->e in the Proposal.
On February 12, 2014, the Proposal failed because it did not receive requisite creditor approval.  As a result, the Co
--->mpany was deemed bankrupt and the Company's assets will be liquidated in accordance with the BIA.  Grant Thornton Limi
--->ted was concurrently substituted for AAI as trustee in the Bankruptcy (the "Trustee").
All inquiries regarding the Bankruptcy should be directed to the Trustee, Grant Thornton Limited., via e-mail at: jame
--->s.ng@ca.gt.com or telephone: (604) 687-2711.
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