Andover Ventures Inc.

COMPANY DATA | INTRODUCTION | PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

Address:	Suite 890, 999 West Hastings Street Vancouver, B.C. Canada V6C 2W2
Tel No.:	(604) 682-2168
Fax No.:	(604) 682-2169
Toll Free No.:	1-800-266-4484
Web Site:	www.andoverventures.com
Corporate Email:	rick@andoverventures.com
Contact Person:	Richard Martens
Position:	Investor Relations

COMPANY DATA

Traded Market:	TSX-V
Traded Symbol:	AOX
Outstanding Shares:	47,503,453
52 Week High:	$ 0.43
52 Week Low:	$ 0.10
Present Price:	Click Here

INTRODUCTION

Andover Ventures is a precious and base metal exploration and development company with world class properties located in the prolific East Tintic Mining District, Utah, USA (over 16,000 acres) and the polymetallic rich Ambler Mining District located in Alaska, USA. 2009 objectives for Andover Ventures are to advance the former producing Trixie Mine (Utah, USA) back into production, while continuing exploration activities on the (over 20,000 acres) Sun deposit (Alaska, USA).

PROJECT IN HAND

(1) East Tintic Mining District, Utah, USA

The East Tintic Mining District located in Utah, USA, is rich in history and host to numerous former producing mines. Historic production for the region includes 2.3 million ounces of gold, 250 million ounces of silver, 250 million pounds of copper, and 2.2 billion pounds of lead. Andover is focusing on developing the last producing mine, the Trixie Mine (gold and silver) back into production. It last produced in February 2002, the mill and mine have been on stand by since that time.

Trixie Mine

The Trixie Mine is a fully permitted and bonded gold and silver mine. The Trixie Mine processed 7,808 tons of ore in late 2001 until closure in February 2002 and produced some 4,460 ounces of gold. The total mining and milling cost at that time was US$89 per ton processed.

The Pre-NI 43-101 reserves totaled some 28,850 tons containing an estimated 17,120 ounces of gold and 102,000 ounces of silver.

Based on the excellent condition of the processing and milling plant, Andover Ventures believes the plant can be re-commissioned with an initial expenditure of approximately US$200,000.

Burgin Mine

Primarily a silver, lead, zinc deposit, management is reexamining the feasibility of returning the Burgin Mine into production. The East Tintic Mining District is rich in exploration targets that are near to the Burgin Mine, for example, the Ball Park, the Sunshine Target, Zone A, and other near by targets, which need to be examined closer.

Burgin Extension Deposit

The Burgin Extension Deposit is thought to be one of the richest deposits in the Americas, based upon 105 holes drilled into the Burgin Extension by Kennecott Resources, Sunshine Mining Company and Chief Consolidated Mining Company. The resource is estimated (Pre-NI 43-101) at 1,482,000 tons containing 16.1 oz/t silver, 19.6% lead and 6.3% zinc (estimated contained metal content of 23,873,321 ounces of silver, 582,537,148 pounds of lead and 185,926,269 pounds of zinc).

The Burgin Extension Deposit is below the water table at the 1,350 ft. level and requires pumping and water treatment to enable production.

Prior Production

The Burgin Mine was previously operated by Kennecott Copper from 1966 to 1978. Previous operators mined 1,870,218 tons of ore from the Burgin Mine which produced 10,929,978 ounces of silver, 338,127,751 pounds of lead and 349,209,284 pounds of zinc.

This equates to 5.84 recovered ounces per ton silver, 180.8 recovered pounds per ton of lead or a grade of 9.0% per ton, and 186.7 recovered pounds of zinc per ton or a grade of 9.3%.

(2) Ambler Mining District, Alaska, USA

Sun Property
Andover's Sun property, consisting of over 20,000 acre State of Alaska mining claims on the south flank of the Brooks Range in the Ambler Mining District, Alaska, USA, hosts strong volcanogenic massive sulfide (VMS) mineralization-Zinc-Copper-Lead-Silver-Gold, presenting high potential for base and precious metals.

The Ambler Mining District has attracted world class majors including Cominco, Noranda, Sunshine Mining Company, Anaconda and Kennecott. The Sun deposit is the second largest deposit in the district, behind the Arctic deposit (Nova Gold & Rio Tinto).

Highlights of the Sun Deposit:

1,500 foot permanent airstrip
Geochemical sampling along the strike
Drilled 4,496 metres (14,750 ft) of NQ2 core in 20 holes in 2007
Nineteen of twenty holes encountered mineralized zones ranging from an estimated 1.20 to 37.01 metres (3.9 to 121.42 ft) thick. The 2007 drill program tested along 1.4 km strike
Seven holes encountered two mineralized horizons
Two drill holes encountered three mineralized zones
Thirty total intersections were encountered and average over 6 metres (20 ft) thick of massive and semi-massive mineralization
Discovered/identified a new thickened zone
Extended the strike length by 300 metres north
Discovered lower "Hot" zone, up to 30.0 metres thick, open in both directions

Key Milestones Set for 2009:

Development of the Trixie Mine subject to confirmation of historic estimates
Secure water permits for the development of the Burgin Deposits and Extension
Systematic Exploration and Development Program in East Tintic Mining District
Strategic Ventures / Partnerships

MANAGEMENT

Bruce Riederer, President
Mr. Riederer has 35 years of exploration, development and mining experience throughout the Western United States and Australia. He has project managed a myriad of Federal and State permitting requirements, fast tracked numerous pre-feasibility/feasibility studies and EPCM for base and precious metal projects.

Gordon Blankstein, MBA, CEO & Chairman
Mr. Blankstein is an international financier. He has approximately 30 years experience in the capital markets both in Canada and the United States where he has had roles ranging from Directorships to Chairman and CEO roles. Most notably these include ICG, GST Telecom, NACT Telecom and Bestel SA de CV. Mr. Blankstein is also the founder and remains active in the Mountainview Conservation Society.

David J. Lajack, B.S., COO
Mr. Lajack has worked in lode mineral exploration since the early 1980's. In 1985 he founded Lajack and Associates which still has active properties in Alaska. Mr. Lajack is a founding member and President of Royal Pretoria Gold Ltd. Mr. Lajack has worked as a consultant in the industry and has co-authored published papers on geology and geochemistry.

Jeff Bates, CFO
Mr. Bates is a qualified Chartered Accountant with the Institute of Chartered Accountants in England and Wales and has served as Chief Financial Officer and Controller in various corporations. For the past two years, Mr. Bates was the Chief Financial Officer of another reporting issuer and was previously employed with KPMG in their audit group at their offices in the United Kingdom and Vancouver. Mr. Bates also had previous experience in the industry in the United Kingdom.

Board of Directors

Gordon Blankstein, CEO & Chairman
David Lajack, COO
Jeff Bates, CFO
Manfred A. Schauer
David Greenway
Peter Legault

NEWS UPDATE

On March 31, 2010, Andover Ventures Inc. released assay results from diamond drill holes C0902 and C0904, completed during the drill program conducted on Chief Consolidated Mining Co.'s Burgin mine property, located in the East Tintic mining district in Utah, United States, in late 2009. Diamond drill holes C0902 and C0904 also encountered significant silver-lead mineralization. Drill results confirm new zones identified in Phase 1 drill program. Diamond drill hole C0903 returns 10.3 m of 452 g/t silver.

On February 23, 2010, Andover Ventures Inc. announced that it has optioned its Big Hill project, located in the East Tintic mining district, Utah, to Chief Consolidated Mining Co. through the signing of a non-binding proposal of an earn-in with option to joint venture between Kennecott Exploration Co., a subsidiary of Rio Tinto, and Chief.

On February 16, 2010, Andover Ventures Inc. announced that on February 5, 2010, a Joint Motion for Order Modifying Consent Decree was filed in the United States District Court for the District of Utah (the "Court") by Chief Consolidated Mining Company ("Chief") and the United States Department of Justice. The Joint Motion is based upon a Stipulation Modifying Consent Decree (the "Stipulation") executed by Chief, the United States Environmental Protection Agency, and the United States Department of Justice.

The Stipulation has been negotiated, signed, and filed with the Court for its approval.

On January 8, 2010, Andover Ventures Inc. announced that it has completed phase 1 of the drill program on Chief Consolidated Mining Company's property, located in the East Tintic mining district of Utah in the United States, and discovered two new zones.

On December 3, 2009, Andover Ventures Inc. announced that it has arranged a non-brokered private placement of units at a price of 30 cents per unit for gross proceeds of up to $500,000. Each unit consists of one common share in the capital of the Company and one-half common share purchase warrant. Each full warrant entitles the holder to purchase one additional share at a price of 45 cents per share for a period of 18 months from the date of issuance. The proceeds will be used by the Company to continue confirmation drilling in Utah and for general working capital.

On November 30, 2009, Andover Ventures Inc. announced that it has completed hole No. 1 (C0903) on Nov. 21, 2009, at a depth of 1,721 feet, at East Tintic, Utah, USA. The hole has been logged and is being split and will be sent for assay. Mineralization was first encountered at approximately 1,404 feet and ended at approximately 1,660 feet.

On November 3, 2009, Andover Ventures Inc. announced that American Drilling Corp. has commenced the two-phase drill program on its Burgin silver-lead-zinc mine and Trixie gold-silver mine.

On October 22, 2009, Andover Ventures Inc. announced that Chief Consolidated Mining Co. has retained American Drilling Corp. of Spokane, Washington, USA, to carry out a drill program designed to perform confirmation drilling of both the Burgin Extension deposit and the Trixie Mine deposit in Utah, USA. Mobilization of equipment to the East Tintic District is currently underway. American Drilling Corp. will carry out a two phase drill program.

On October 20, 2009, Andover Ventures Inc. announced the second tranche of the private placement announced in its news release with Stockwatch dated September 14th and September 19th, 2009 for gross proceeds of $1,100,000. Proceeds from the private placement will be used for a confirmation drill program on both the Trixie Deposit and the Burgin Extension Deposit, retirement of corporate debt and for general working capital.

On October 5, 2009, Andover Ventures Inc. announced that work permits are in place to allow Chief Consolidated Mining Co. to launch the drill program planned for the Burgin Mine and Trixie Mine projects in the East Tintic Mining District. The Company is in the process of finalizing a drilling contract with American Drilling Corp. to carry out the program.

On September 21, 2009, Andover Ventures Inc. announced that it has closed the first tranche of the private placement announced in its news release with Stockwatch dated September 14th, 2009 for gross proceeds of $1,150,000.

On September 14, 2009, Andover Ventures Inc. announced that it has arranged a non-brokered private placement of units at a price of 0.25 cents per unit for gross proceeds of up to $2,200,000.

The funds raised will be used to retire the Company's current outstanding debt obligation to SNS Silver Corp., for confirmation drilling of the Trixie Mine and Burgin Extension deposit in Utah, and for general working capital.

On September 2, 2009, Andover Ventures Inc. and SNS Silver Corp. (TSX-V:SNS) announced that both Gordon Blankstein, CEO of Andover and David Greenway, President and CEO of SNS have agreed on a settlement of Andover's debt to SNS.

Under the terms of the agreement SNS will receive 4,000,000 common shares in Andover valued at $1 Million dollars plus $1 Million in cash for settlement of the principal debt between the Companies.

On August 11, 2009, Andover Ventures Inc. announced that its subsidiary, Chief Consolidated Mining Co., is in the process of applying for permits in order to complete confirmation and resource expansion drilling at the Trixie Mine Project located in the East Tintic Mining District of Utah, USA.

Details on the size and exact timing of the drill program will be announced in the coming weeks. It is expected that drilling will start in the area of the Trixie which was previously drilled in 2000.