SGA Samco Gold Ltd

Samco Gold Limited (TSX VENTURE:SGA) ("Samco Gold" or the "Company") announces
that Paul Richardson, the Company's Chief Executive Officer and a director, has
advised the Company that he will be leaving to pursue different opportunities
effective August 13th 2013. In order to maintain continuity Mr Richardson's
consultancy company will continue to provide certain consultancy services to the
Company for a period of time.


The role of Chief Executive Officer will be assumed by the Company's Executive
Chairman, Charles Koppel with immediate effect.


Charles Koppel said: 

"Paul has been with the Company from its inception and was instrumental in
bringing the Company to market in a highly successful IPO and its subsequent
development of two very exciting assets. All of us at the Company thank Paul for
his dedication and hard work, and wish him the very best." 


About Samco Gold Limited 

Samco Gold's principal business is the acquisition, exploration and development
of precious metals resource properties in South America. 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. The Company's goal
is to become a producer of gold through the exploration and development of El
Dorado Monserrat. Samco Gold also owns a portfolio of other mineral exploration
properties in the Deseado Massif including the Corina, Yasmin 1, Judite 1 and
Ginette and Giancarla projects. 


Additional details on the Company are available on SEDAR (www.sedar.com). 

FORWARD LOOKING STATEMENTS 

This press release contains forward-looking statements which can be identified
by the use of words "commenced", "scheduled", "expect", "goal", and phrases or
statements that certain actions, events or results "may", "would", or "will" be
taken, occur or be achieved. Information concerning the interpretation of drill
and other exploration results may also be considered forward-looking statements
as such information constitutes a prediction of what mineralization might be
found to be present if and when a project is actually developed. 


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; 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 Prospectus dated June 27, 2011 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. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange), accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Samco Gold Limited
Charles Koppel
Executive Chairman and CEO
+44 20 7440 5791
ck@samcogold.com
www.samcogold.com

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