SGA Samco Gold Ltd

Samco Gold Limited (TSX VENTURE:SGA) ("Samco Gold" or the "Company") announces
that, owing to his other personal and professional commitments, Mr. Wayne Hubert
has stepped down as a director of Samco Gold. The Board would like to thank Mr.
Hubert for his insights and assistance in the development of the Company.


Mr. Hubert's role as Chairman of the Audit Committee will be assumed by Mr.
Kevin Tomlinson. 


Charles Koppel, Executive Chairman and CEO of Samco Gold Limited commented: 

"We wish to thank Wayne for his valued contribution as Chairman of the Audit
Committee and at the Board level during his time with us and for the support,
advice and assistance he gave the Company."


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. 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. 


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 "look forward", "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; 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 disclosure documents 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 Chief Executive Officer
+44 20 7740 5791
ck@samcogold.com
www.samcogold.com

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