Registered Office New York Representative Office
SUITE 800, PURDY’S WHARF 420 MADISON AVENUE
1999 UPPER WATER STREET, TOWER 1 NEW YORK, NEW YORK 10017
HALIFAX, NOVA SCOTIA B3J 2X2
For further information, contact:
Stephen W. Houghton, President
William C. O’Donnell, EVP
Telephone: (212) 751-0083
Fax: (212) 751 0319
Website: http://www.sagc.com

FOR IMMEDIATE RELEASE – December 7, 2004

South American Gold and Copper Company Limited Announces Production Results at Pimenton

Toronto, Ontario, Canada – South American Gold and Copper Company Limited (“the Company”) (Toronto Stock Exchange Symbol SAG) announced today production results of its 100% owned Pimenton gold mine for the months of October and November as follows:
October November Total

Total production for the period June through November 2004 has amounted to 3,519 ounces gold, 3,605 ounces silver and 242,972 pounds of copper.
The Company reported that production for the month of October was reduced by approximately 400 ounces caused by a fifteen day plant shutdown which was required to install a secondary jaw crusher and to replace a concrete cone crusher foundation in the plant’s crushing circuit. These improvements have increased the capacity of the plant’s crushing circuit from 120 tons per day to in excess of 300 tons per day, which will enable greater flexibility in plant operations and support an increasing production rate in mine and plant operations.
Exploration activities on its porphyry copper deposit at Pimenton are progressing positively and the Company is in discussions with several potential joint venture partners on the porphyry copper deposit.
Following recent meetings, with company officials of the major copper mining company, the Company expects to receive technical information in January 2005 which will provide the basis for moving negotiations forward on a long term lime supply contract.
South American Gold and Copper Company Limited is a minerals producing, exploration and development company with properties and activities currently focused in Chile.