Samco Announces Grant of Options to New Director

Samco Gold Limited (TSX VENTURE:SGA) ("Samco" or the "Company") today announced
that it has granted incentive stock options for the purchase of up to 200,000
common shares of the Company at an exercise price of $0.17 per share for a
five-year period to a new director of 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 ("EDM") epithermal gold project,
located in the Deseado Massif region of Santa Cruz Province, Argentina. With an
experienced board and management team including a strong Argentinean complement,
the Company's goal is to become an Argentinean producer of gold and silver
through the exploration and development of EDM. 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).

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.


FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks, assumptions, 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,
ability to obtain or delays in securing project financing; changes in EDM
project parameters as plans continue to be refined; future prices of gold and
silver; 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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Samco Gold Limited
Charles Koppel
Executive Chairman and Chief Executive Officer
+44 (0) 20 7647 2532
ck@samcogold.com


Bell Pottinger
Daniel Thole
Marianna Bowes
Financial Communications
+44 (0) 20 7861 3232

Samco Gold (TSXV:SGA)
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