SGA Samco Gold Ltd

Samco Gold Limited (TSX VENTURE:SGA) ("Samco Gold" or the "Company") last week
released its Financial Statements and Management's Discussion & Analysis
("MD&A") for the year ended December 31, 2012. These Financial Statements and
MD&A are available at the Company's website and at its profile on the SEDAR
website at www.sedar.com.


Commenting on the Financial Statements and MD&A, Charles Koppel, Chairman of
Samco Gold said:


"We ended 2012 with a healthy cash balance of over US$10.7 million and began
2013 with the commitment to drill a preliminary program at our Corina project,
which is now complete. The initial results were encouraging and an update will
be provided in due course following completion of the geological interpretation.


Given recent progress at core properties, the Company has decided to focus its
strategic efforts on further developing its portfolio as well as evaluating the
expansion of its Argentine asset base. During the course of this year the
Company expects to: 




--  continue with the evaluation of a mineable resource on the Main Veins
    target in the Monserrat Zone of its core El Dorado Monserrat project;
    
--  further identify potential mineral resources on its Corina project; 
    
    
--  continue with the on-going reconnaissance and initial geological
    evaluation of the balance of the exploration portfolio held by the
    Company in the Santa Cruz Province of Argentina; and 
    
    
--  evaluate the potential to supplement its existing portfolio through the
    strategic acquisition of new mineral properties in Argentina.



The exploration program across the portfolio in 2013 may include further
specific target and/or infill drilling at either of the El Dorado Monserrat or
Corina projects. It is anticipated that geophysical and geochemical surveys,
mechanical trenching and detailed geological mapping will continue on certain
properties within the Company's portfolio, with El Dorado Monserrat, Corina,
Ginette, Giancarla, Maribel I, Maribel III and Maribel IV being the main
targets."


The Company continues to monitor its activities and associated expenditure on a
regular basis and has the ability to substantially reduce its cost base should
it be necessary to do so."


About Samco Gold Limited 

Samco Gold's principal business is the acquisition, exploration and development
of precious metals resource properties in Argentina. The Company's principal
mineral property is the El Dorado Monserrat epithermal gold project, located in
the Deseado Massif region of Santa Cruz Province, Argentina. Samco Gold's goal
is to become a producer of gold through the exploration and development of the
Company's portfolio of mineral exploration properties in the Deseado Massif. 


FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements which can be identified
by the use of words "anticipated", "goal", and phrases or statements that
certain actions, events or results "may", "would", or "will" be taken, occur or
be achieved. Forward-looking statements involve known and unknown risks, future
events, conditions, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different from any future
results, prediction, projection, forecast, performance or achievements expressed
or implied by the forward-looking statements. Such factors include, among
others, the results of due diligence activities, the interpretation and actual
results of current exploration activities; changes in project parameters as
plans continue to be refined; future prices of gold and other metals; possible
variations in grade or recovery rates; failure of equipment or processes to
operate as anticipated; labour disputes and other risks of the mining industry;
delays in obtaining governmental approvals or financing or in the completion of
exploration, as well as those factors disclosed in Samco Gold's Annual
Information Form dated November 1, 2012 filed and publicly available under the
Company's profile on the SEDAR website at www.sedar.com. Although Samco Gold has
attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. The Company does not intend, and does not assume any obligations, to
update forward-looking statements, whether as a result of new information,
future events or otherwise, unless otherwise required by applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Samco Gold Limited
Paul Richardson
Chief Executive Officer
+44 20 7440 5791
pr@samcogold.com


Samco Gold Limited
Charles Koppel
Executive Chairman
+44 20 7440 5791
ck@samcogold.com

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