Lupaka Gold Corp. and Andean American Gold Corp. announce the signing of a Binding Letter of Intent that provides for a combination of the two companies to create a new Peru-focused gold exploration and development company. The board of the new company will consist of the six current members of the Lupaka board, with Jean-Pierre Chauvin and David Rae joining the board as nominees of Andean American. Gordon Ellis will maintain his current role as Chairman. The management team of the new company will be comprised primarily of the current Lupaka management, with each member to continue on in his or her current role, and is to be augmented by the existing Andean American management team.