AUGUST 15, 2006, VANCOUVER, B.C. – ANDOVER VENTURES INC. (the “Company”) (AOX-TSX:V) is pleased to announce it has signed a Letter of Agreement with Altar Resources Alaska to option the 1,150 acre Bulk Gold property located in the historic Nome Mining district of Alaska. The property is situated about 23 miles (38km) north of Nome, and only one mile west of the Nome-Taylor state highway. The Nome mining district produced over 4.5 million ounces of placer gold between 1899 and 1989. The property is also about 10 miles (16 km) north of Nova Gold Resources +1 million ounce lode gold deposit, which is set to begin production in late 2006.

The Bulk Gold property has several drill ready targets including the “Dripping Gold Zone” which is defined by a 1400 foot long soil anomaly with gold values up to 5.3 grams/ton. Arsenopyrite rich, silicified felsic meta-intrusive float, found within the zone assayed up to 4.5 grams/ ton gold, plus greater than 150 grams/ton silver. Additional drill targets on the property include the 2500 foot long Dorothy Creek soil/rock anomaly situated above the Dorothy Creek gold placer, and the Hed & Strand Extension target. The Hed & Strand Extension target will explore for additional high-grade, gold-antimony quartz veins along strike and also down dip of the past producing Hed & Strand gold/antimony lode.

Located at the head of three past placer producing creeks, the Bulk Gold property is highly prospective for the discovery of a large, intrusion or sediment-hosted gold deposit.

By incurring exploration expenditures in the total amount of $2.9 million (U.S.) over four years (ending October 1, 2009), issuing 150,000 shares on signing to a total of 750,000 shares over 3 years, and making option payments starting at $15,000 for the first year and totaling $500,000 over 5 years Andover will earn 100% of the Bulk Gold Property subject to scaling NSR’s to a maximum of 4.5%.

ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Facsimile: 1-604-683-3988
Contact: Michael England
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