SOUTH AMERICAN GOLD AND COPPER COMPANY LIMITED

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 – September 8, 2006

South American Gold and Copper Company Limited Announces Completion of Private Placement:

Toronto, Ontario, Canada - South American Gold and Copper Company Limited (“Company”) (TSX – SAG) is pleased to announce the completion, subject to final regulatory approval, of a previously announced non-brokered private placement. Pursuant to the private placement the Company issued 10,000,000 common shares of the Company at a price of Cdn $0.05 per common share for aggregate gross proceeds of Cdn $500,000. The securities issued under the private placement will be subject to a hold period from the date of issuance in accordance with applicable securities laws and policies of the Toronto Stock Exchange.

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

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