NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES

FOR IMMEDIATE RELEASE – August 25,  2010

South American Gold and Copper Company Limited Announces the Extension of its Outstanding Warrants Issued on September 9, 2008.

Toronto, Ontario, Canada – South American Gold and Copper Company Limited (“SAGC” or the “Company”) (TSX-SAG) announces the extension of the term of the Company’s 8,137,911 outstanding common share purchase warrants (each, a “Warrant”) issued to arm’s length parties by the Company in conjunction with a private placement of 38,275,822 units (each, a “Unit) of the Company completed on September 9, 2008. Each Unit was comprised of one common share (each, a “Common Share”) of the Company and one half of one Warrant. Such Warrants are exercisable at a price of $0.07 per share and are currently due to expire at 5:00 p.m. (Toronto time) on September 9, 2010 (the “Expiry Time”).

No insider of the Company is a holder of the Warrants. The Warrants have been amended, effective immediately prior to the Expiry Time, to extend the Expiry Time until 5:00 pm (Toronto time) on September 9, 2011. There is no public market for the Warrants. All other provisions of the Warrants remain unamended. The Toronto Stock Exchange (TSX) has approved the amendment subject to receipt by the TSX of standard documentation.

The Company has 841,177,633 common shares issued and outstanding.

South American Gold and Copper Company Limited is a minerals producing, exploration and development company with properties and activities currently focused in Chile.

NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES

FOR IMMEDIATE RELEASE – August 25,  2010

South American Gold and Copper Company Limited Reports Repayment of its OPIC Loan.

Toronto, Ontario, Canada – South American Gold and Copper Company (the “Company)  (TSX-SAG) is pleased to report that it has made the final principal and interest payments totalling US $305,837.33 on its loan from the Overseas Private Investment Corporation, an Agency of the United States Government, headquartered in Washington D.C. (OPIC). The original amount of the loan was US $2,800,000.

Stephen W. Houghton, Chief Executive Officer, stated that the Company and its shareholders wish to extend their appreciation to OPIC and those of its staff with whom we worked, for their services to the Company over the term of the loan.

South American Gold and Copper Company Limited is a minerals producing, exploration and development company with properties and activities currently focused in Chile.

Report to Shareholders For the  Third Quarter Ending  June 30, 2010

NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES

FOR IMMEDIATE RELEASE – August 16,  2010

South American Gold and Copper Company Limited Reported Its Fiscal Financial Results for the Three Months and Nine Months Ended 2010 Compared to a Year Ago.

Toronto, Ontario, Canada – South American Gold and Copper Company (the “Company)  (TSX-SAG) reported its financial results for the three months and nine months period ended June 30, 2010 compared to the corresponding fiscal periods a year ago.

Revenues for the three months and nine months period ended  2010 were US $2,714,000 and US $6,914,000, respectively, compared to US $2,890,000 and US $8,527,000 for the same periods a year ago. The decline of US $176,000 and US $1,613,000 of the three months and nine months, respectfully, was primarily due to the partial mine closure which badly affected production from July 2009 through to December 2009 and the poor availability of mine equipment which impacted the results through to June 30, 2010. The mine equipment problems have been substantially resolved and production in July, 2010 was on budget.

On the expense side, the main items effecting the three months and nine months ended June 30, 2010 was US $903,000 of stock based compensation related to the common stock options approved at the Company’s Board of Directors Meeting in April, 2010 and the decision to write off the Company’s mine property costs (claims costs) totalling $1,133,000 plus  US $108,000 of exploration costs in preparation of the guideline called for under IFRS accounting standards. Before amortization and depreciation, stock based compensation and mine property costs and exploration costs, the Company’s actual cash loss for the three months period ended June 30, 2010 was $254,000.

South American Gold and Copper Company Limited is a minerals producing, exploration and development company with properties and activities currently focused in Chile.

FORWARD-LOOKING STATEMENTS: This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements.  Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES

FOR IMMEDIATE RELEASE – June 30,  2010

“South American Gold and Copper Company Limited Reports Conversion of Convertible Debentures, a Private Placement, Reduction of Debt to OPIC and Progress in Selling its Gold Doré to a Swiss Refinery”

Toronto, Ontario, Canada – South American Gold and Copper Company (the “Company)  (SAG-TSX) reported today that Compañia Minera Chañar Blanco S.A. (“Chañar Blanco”), a Company controlled by Mr. Mario Hernandez, a director and EVP of Claims and Administration of the Company and Compañia Minera Auromin Ltda. (“Auromin”), a Company controlled by Dr. David Thomson, a director and EVP of Exploration of the Company have each converted two Convertible Debentures held by each of their respectives companies and issued by the Company on April 21, 2010.

Chañar Blanco converted both it’s A-Debenture and B-Debenture which were issued respectfully, in the principal amounts of US $716,105 (Cdn $734,078.90) Convertible at Cdn $0.045 per share or into 16,312,864 shares of the Company and US $321,667 (Cdn $329,745) Convertible at Cdn $0.04 per share or into 8,243,625 shares of the Company.

Auromin converted both it’s A-Debenture and B-Debenture which were issued, respectfully, in the principal amounts of US $732,331.10 (Cdn $732,331.10) Convertible at Cdn $0.045 per share or into 16,274,024 shares of the Company and US $250,000 (Cdn $256,278) Convertible at Cdn $0.04 per share or into 6,406,950 shares of the Company.

Both the A-Debentures and B-Debentures had an annual interest rate of 6% per year payable annually and a maturity date of April 21, 2015.

As a result of the Conversion of the A-Debentures and B-Debentures the Company issued a total of 47,237,463 common shares and as of June 30, 2010 had total outstanding common shares of 840,177,633 after the conversion of the A and B Debentures.

The Company also reported that Chañar Blanco and Auromin have agreed to convert respectively US $500,000 and US $330,000 of cash advances into common stock and common stock purchase warrants of the Company. The Private Placement, which is subject to final approval by the Toronto Stock Exchange, will consist of units, each unit consisting of one common share of the Company at Cdn $0.03 per share and one-half common share purchase warrant, each full warrant will have an exercise period of two years from the date of issue and will purchase one common share of the Company at Cdn $0.04 per share.

Stephen W. Houghton, CEO of the Company stated that the loan to Overseas Private Investment Corporation (OPIC) had also been reduced by $315,000 earlier this month (in addition to $630,000 paid during the Company’s current fiscal year), leaving a principal balance of $288,722 which it expects to pay prior to September 15. The A-Debenture and B-Debenture which have been converted in full totalled US $2,002,182 (Cdn $2,052,323). This is a significant reduction in the indebtedness of the Company coupled with the reduction in debt to OPIC. The Conversion of the A and B Debentures and the private placement of US $830,000 (Cdn $801,282) by Messrs Hernandez and Thomson by way of companies controlled by each of them shows the tremendous confidence which they both have in the future prospects for the Company.

Mr. Houghton also reported that from May 24, 2010 to date a total of 1,120 ounces of gold have been produced from gold doré which has been sent to Argor-Heraeus, a major gold refinery in Mendrisio, Switzerland. The relationship with Argor-Heraeus has greatly improved the timing of our cash flow during the last two months. The gold doré is produced from our Knelson Gold Concentrate which accounts for approximately 60% of the Pimenton Mine’s total production of gold and silver. The remaining 40% of our gold is contained in our Copper/Gold flotation concentrated which we continue to sell to Enami, the Chilean state owned smelter located in Ventanas, Chile.

South American Gold and Copper Company Limited is a minerals producing, exploration and development company with properties and activities currently focused in Chile.

FORWARD-LOOKING STATEMENTS: This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements.  Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Report to Shareholders For the Second Quarter Ending March 31, 2010

NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES

FOR IMMEDIATE RELEASE – May 17,  2010

South American Gold and Copper Company Limited Announces Results for the Second Quarter ended March 31, 2010.

Toronto, Ontario, Canada – South American Gold and Copper Company (the “Company)  (SAG-TSX) reported its second quarter results for the period ended March 31, 2010 compared to its second quarter ended March 31, 2009 and for the six months ended March 31, 2010 compared to its six months period ended March 31, 2009. Revenues from gold sales were $1,815,000 and copper and silver revenues were $222,000 or a total of $2,037,000 for the quarter ended March 31, 2010 compared to gold revenues of $3,470,000 and copper and silver revenues of $343,000 for a total of $3,813,000 for the period ended March 31, 2009. Gold revenues were $3,730,000 and copper and silver revenues of $470,000 for a total of $4,200,000 for the six months period ended March 31, 2010 compared to gold revenues of $5,134,000 and copper and silver revenues of $503,000 for a total of $5,637,000 for the six months ended March 31, 2009.

The decline in revenues for the three and six months period ended March 31, 2010 were caused primarily by mine equipment (primarily scoops) failures. The mine was operating at 25% of equipment availability during a significant part of the first and second quarters ended its fiscal year December 31 and March 31, 2010. With the improvement in mechanical personal and a new supplier of engine parts in the USA the Company has in the last six weeks rebuilt four of its seven scoops and plans to have an additional three scoops prepared for operation within the next six weeks. This should make a significant improvement on mine production in the Company’s third fiscal quarter ended June 30, 2010.

Expenses for the three months ended March 31, 2010 were $2,785,000 compared to $2,668,000 in the comparable period last year. For the six months ended March 31, 2010 operating expenses were $5,837,000 compared to $4,890,000 in the comparable period last year.  The primary reason for the increase in expenses in the six months period ended March 31, 2010 of $1,235,000 was due to increased costs associated with the installation of a new expanded tailing pond and completion of the Esperanza 3315 level 700 meter cross cut.

Net income for the three months ended March 31, 2010 was ($508,000) compared to $1,139,000 for the comparable period in 2009. Net income for the six months ended March 31, 2010 was ($1,528,000) compared to $738,000 in the comparable period of 2009.

South American Gold and Copper Company Limited is a minerals producing, exploration and development company with properties and activities currently focused in Chile.

FORWARD-LOOKING STATEMENTS: This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements.  Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES

FOR IMMEDIATE RELEASE – April 28 2010

South American Gold and Copper Company Limited Announces Issuance of Convertible Unsecured Debentures

Toronto, Ontario, Canada – South American Gold and Copper Company (the “Company)  (SAG-TSX) announced today that it has issued unsecured convertible debentures totalling US $2,302,172 (CDN $2,365,272) (the “Debentures”).The issuance of the Debentures and the common share purchase warrants have been conditionally approved by the TSX.

Mario Hernandez, (“Hernandez”) and David Thomson, (“Thomson”) both directors and officers of the Company through their companies Compania Minera Chanar Blanco S.A., and Compania Minera Auromin Ltda, respectively, each acquired one Debenture convertible into common shares of the Company (each, an “A Debenture”) and one Debenture convertible into common shares (each, a “B Debenture”) and were issued common share purchase warrants of the Company in connection with the B Debentures.  Hernandez acquired an A Debenture in the aggregate principal amount of US$716,105 (CDN$734,078.90) which is convertible into up to 16,312,866 common shares of the Company.  Hernandez also acquired a B Debenture in the aggregate principal amount of US$321,667 (CDN$329,745) which is convertible into up to 8,243,644 common shares together with up to 8,243,644 common share purchase warrants.  Thomson acquired an A Debenture in the aggregate principal amount of US$714,400 (CDN$732,331.10) which is convertible into up to 16,274,022 common shares.  Thomson also acquired a B Debenture in the aggregate principal amount of US$250,000 (CDN$256,278) which is convertible into up to 6,406,970 common shares together with up to 6,406,970 common share purchase warrants.

The A Debentures were issued in payment of past due interest and royalties payable to Hernandez and Thomson through to December 31, 2009 by Compania Minera Pimenton (“Pimenton”), a 100% owned subsidiary of the Company. The conversion price of the 5 year A Debentures is CDN $0.045 per share convertible into an aggregate of up to 32,586,888 common shares of the Company. The interest rate on the A Debentures is 6% payable annually.  No warrants are attached to the A Debentures. The Company has the right to call the A Debentures at any time one year after the date of issue on 30 days notice to the holders.

The holders of the A Debentures have the right to ask for the repayment of US$715,252, in the aggregate, of the principal amount of the A Debentures on 30 days notice to the Company one year after the loan to Pimenton from Oversees Private Investment Corporation (“OPIC”) is repaid.

The B Debentures were issued in payment of cash advances by Hernandez and Thomson to the Company totalling US $571,667 which cash advances were used for working capital and to fund capital expenditures on Pimenton. The conversion price on the 5 year B Debentures is CDN $0.04 per share convertible into an aggregate of up to 14,650,614 common shares of the Company. Interest rate on the Debenture is 6% payable annually. In addition the B Debenture holders were issued 14,650,614 warrants exercisable at CDN $0.05 per common share of the Company.  The Company has the right to call the B Debentures at any time one year after the date of issue on 30 days notice to the Debenture holders.

The holders of the B Debentures have the right to ask for the repayment of US $285,610 of the B Debentures on 30 days notice to the Company after the loan to Pimenton from OPIC is repaid. If the holders of the B Debentures exercise the right of repayment they shall forfeit such percentage of warrants as is equal to the percentage of principal being repaid.

The participation of Hernandez and Thomson in the private placement constitutes a “related party transaction” under Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions (“MI 61-101”), but the Company was exempt from both the formal valuation and minority shareholder approval requirements of MI 61-101 in connection with the private placement as neither the fair market value of the securities issued, nor the consideration for such securities, in so far as it involves interested parties, exceeded 25% of the Company’s market capitalization as calculated pursuant to MI 61-101.

US $300,000 (CDN $312,840) of convertible unsecured debentures (the “C Debentures”) were issued to five non-insiders of the Company. The conversion price of the C Debentures is CDN $0.04 per share convertible into up to 7,821,000 shares of common shares of the Company. Interest rate on the C Debentures is 6% payable annually. In addition the Debenture holders were issued 7,821,000 common share purchase warrants exercisable at CDN $0.05 per common share of the Company.  The Company has the right to call the C Debentures at any time one year after the date of issue on 30 days notice to the Debenture holders.

The holders of the C Debentures have the right to ask for the repayment of US $150,000 after the loan to Pimenton from OPIC is repaid. If the holders of the Debenture exercise this right of repayment they shall forfeit such percentage of warrants as is equal to the percentage of principal being repaid. The proceeds from the C Debentures will be used for working capital and to fund capital expenditures at Pimenton.

South American Gold and Copper Company Limited is a minerals producing, exploration and development company with properties and activities currently focused in Chile.

NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES

FOR IMMEDIATE RELEASE – February 16, 2010

South American Gold and Copper Company Limited Announces First Quarter Ended December 31, 2009, Financial Results Compared to First Fiscal Quarter Ended December 31, 2008

Toronto, Ontario, Canada –South American Gold and Copper Company Limited (the “Company”)(TSX Symbol ”SAG”) announced its first fiscal quarter ended December 31, 2009, consolidated financial results compared to its first fiscal quarter ended December 31, 2008.

Revenues for the first quarter totaled US $2,163,000 of which US $1,915,000 was from gold sales and US $248,000 was from copper and silver sales compared to revenues of US $1,824,000 for its first quarter a year ago which included gold sales of US $1,665,000 and copper and silver sales of US $159,000.

The Company reported a net loss for the first quarter ended December 31, 2009, of (US $1,020,000) compared to a loss of (US $401,000) for the comparative period a year ago. The increase in operating costs was primarily due to increased development costs of the Esperanza No. 2 and Esperanza No. 3 levels. These development costs are expected to result in increased production of gold/copper ore in the near future as new production stopes are added as a result of the development of the Esperanza No. 2 and No. 3 levels. In addition, the Company incurred additional drilling costs as it defines potential additional inferred resources of gold and copper mineralization.

The Company reported a positive working capital position of US $923,000 for the first quarter ended December 31, 2009, compared to a positive US $490,000 a year ago.

The Company also reported that has taken delivery of a new Atlas Copco Model l04-H jumbo drill which will substantially increase the rate development in terms of meters of advance per month at substantially reduced costs and greatly increase the company`s ability to open up the potential of the Pimentón mine. The addition of this new drill marks the start of a program to upgrade the mining equipment in the Pimentón mine from used equipment to new equipment.

South American Gold and Copper Company Limited is a minerals producing, exploration and development company with properties and activities currently focused in Chile.

The numbers contained in this news release have not been audited.

FORWARD-LOOKING STATEMENTS: This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate,” “estimate” and other similar words, or statements that certain events or conditions “may” or ”will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project costs overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Report to Shareholders For the First Quarter Ending December 31, 2009