OCTOBER 31^st, 2006, VANCOUVER, B.C. – ANDOVER VENTURES INC. (the “Company”) (AOX-TSX: V) announces it has made the initial $300,000 deposit towards the Sun Property, as per terms of the deal announced October 26, 2006.

A letter of intent was signed with an arms-length company, Hastings Base Metals Corp., to purchase 50% of the Sun Property located in the Ambler District, Alaska. Terms of the deal are as follows: Purchase price is Cdn $3,000,000 with a Cdn $300,000 non-refundable deposit due October 30^th, 2006 and the balance due on November 10^th, 2006.

Andover has also been granted a right of first refusal on the remaining 50% of the Sun Property for a period of 24 months from the date of closing for the sum of Cdn $10,000,000 in either cash or shares.

The SUN property, consisting of 25 state mining claims on the south flank of the Brooks Range in north central Alaska, is comprised of 13 SUN claims and 12 HOT claims and is an important zinc-copper (silver) deposit first identified by Sunshine Mining Company in the early 1970’s and later worked by Anaconda and finally Teck Cominco.

Andover’s mission is to aggressively identify, acquire, and advance high potential base and precious metal prospects. 

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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