Andover Announces Completion of First Stage of Amended Share PurchaseAgreement and Closing of the First Tranche of Private Placement



    VANCOUVER, Aug. 1 /CNW Telbec/ - ANDOVER VENTURES INC. ("Andover" or the
"Company") (AOX: TSX-V; R2X-FRANKFURT) announces today that it has completed
the first stage of the amended share purchase agreement as referred to by the
Company, in news releases dated, July 2nd, 2008, and May 27th, 2008, to
purchase from Genco Resources Ltd., approximately 64.7% of the issued and
outstanding securities in the capital of Chief Consolidated Mining Company, a
publicly traded Arizona company based in Eureka, Utah.
    The Company also announces that it has closed the first tranche of the
private placement announced in the news release dated July 2, 2008. The shares
and share purchase warrants issued as part of this closing of the private
placement are subject to a hold period until December 1, 2008.

    ON BEHALF OF THE BOARD

    Signed:  "Gordon Blankstein"

    Gordon Blankstein-Director


    The TSX Venture Exchange has not reviewed not does it accept
    responsibility for the adequacy or accuracy of this press release.




For further information:

For further information: Investor Relations: Richard Martens, (604)
682-2168, Int'l Toll Free: 1-800-266-4484, Facsimile: (604) 682-2169,
rick@andoverventures.com; Andover's website: www.andoverventures.com; Renmark
Financial Communications Inc.: Jen Power: jpower@renmarkfinancial.com; Neil
Murray-Lyon: nmurraylyon@renmarkfinancial.com, (514) 939-3989, Fax: (514)
939-3717; www.renmarkfinancial.com

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ANDOVER VENTURES INC.

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