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

Jun. 7, 2011 (Canada NewsWire Group) --

VANCOUVER, June 7, 2011 /CNW/ - 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:

* 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.

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.

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