VANCOUVER, B.C. – ANDOVER VENTURES INC. (the “Company”) has completed its qualifying transaction and effective at the opening of the market on August 11, 2006 will commence trading on Tier 2 of the TSX Venture Exchange (the “Exchange”). In connection with the qualifying transaction, the Company entered into an option to acquire the Kamishak Property (the “Kamishak Property), located in the Bristol Bay region of Alaska, 345 kilometres southwest of Anchorage., and completed a $500,000 financing. A full description of the qualifying transaction and related financing can be found in the Company’s filing statement dated July 21, 2006, which is available on SEDAR at www.sedar.com.

Property Acquisition

The Company entered into an option agreement dated March 27, 2006, as amended May 2, 2006, with Full Metal Minerals Ltd. (“FMM”) for the acquisition of up to a 60% interest in the Kamishak Property (the “Agreement”), subject to a 1% net smelter return royalty.

In order to exercise an initial option and acquire a 60% interest in the property, the Company must issue a total of 425,000 common shares, incur US $2,000,000 million in exploration expenditures on the property and pay US$80,000 over a four year period following the approval of the TSX Venture Exchange (the “Exchange”) for the Agreement, as follows:

pay US$10,000 upon signing the Agreement (paid);

issue 150,000 common shares (issued) and pay an additional US$10,000 (paid) upon Exchange acceptance of the Agreement ;

issue an additional 125,000 common shares, pay an additional US$20,000, and incur US $250,000 in exploration expenditures on or before April 7, 2007;

issue an additional 125,000 common shares, pay an additional US$20,000, and incur US $800,000 in cumulative exploration expenditures on or before April 7, 2008;

issue an additional 125,000 common shares, pay an additional US$20,000, and incur US $1,300,000 in cumulative exploration expenditures on or before April 7, 2009; and

pay an additional US$20,000, and incur US $2,000,000 in cumulative exploration expenditures on or before April 7, 2010.

1. Pursuant to the terms of the Agreement, FMM will act as operator and oversee the first year work program on the Kamishak Property.

The Company paid a finders fee of 50,000 common shares to Golden Capital Securities Ltd. in connection with the Agreement.

Kamishak Property

The Company received a technical report (the “Report”) in compliance with National Instrument 43-101 (“NI 43-101”) entitled “Summary Report for the Kamishak Prospect Area, Iliamna Mining District, Alaska” prepared by Curits J. Freeman, MS, PGeo, and Nicholas Van Wyck, Phd., PGeo, dated April 21, 2006. The Report is available on SEDAR at www. sedar.com. The Company intends to carry out the work program recommended by the authors of the Report at an estimated cost of US$250,000. Such work program will satisfy the Company’s first year work requirements under the Agreement. The work program is scheduled to commence on August 10, 2006.

Financing

The Company completed a private placement of 2,000,000 units at a price of $0.25 per unit. Each unit (a “Unit”) consists of one common share of the Company and one common share purchase warrant. Each warrant may be exercised to acquire a further common share for a period of two years following closing, at $0.48 per share. Jennings Capital received a cash commission of $12,500 in connection with the financing. All securities issued in connection with the private placement are subject to a four month hold period expiring December 5, 2007.

Directors and Officers

1. In connection with the qualifying transaction, Mr. Marvin Mitchell joined the Company’s board of directors, and Mr. Michael England was appointed as President of the Company. The board of directors now consists of Michael England, Walter Brenner, Frank Underhill, Philip Taneda, and Marvin Mitchell. For a description of the experience of the Company’s board, see the Company’s filing statement.

ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, President and Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Facsimile: 1-604-683-3988
Contact: Michael England

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.