South American Gold and Copper Company Limited Announces the Extension of its Outstanding Warrants Issued in Conjunction with its Private Placement on October 21, 2004



    TORONTO, Oct. 3 /CNW/ - South American Gold and Copper Company ("SAGC" or
the "Company") (TSX-SAG) announces the extension of the term of the Company's
20,000,000 outstanding common share purchase warrants issued pursuant to the
Company's private placement completed on October 21, 2004 (the "Warrants"). As
disclosed in the Company's news release dated October 16, 2006, the term of
the Warrants was previously amended to extend the expiry date to October 22,
2007.
    Each Warrant entitles the holder thereof to purchase one common share of
the Company at a price of Cdn $0.09 until 5:00 p.m. (Toronto time) on October
22, 2007 (the "Expiry Time"). No insider of the Company is a holder of these
Warrants.
    The Warrants have been amended, effective immediately prior to the Expiry
Time, to extend the Expiry Time until 5:00 p.m. (Toronto time) on April 22,
2008. All other provisions of the Warrants remain unamended. The Toronto Stock
Exchange (TSX) has approved the amendment subject to receipt by the TSX of
standard documentation.
    South American Gold and Copper Company Limited is a minerals producing,
exploration and development company with properties and activities currently
focused in Chile.

    The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer of
securities for sale in the United States or Canada or the solicitation of an
offer to buy securities in the United States or Canada, nor shall there be any
sale of the securities in any jurisdiction or state in which such offer,
solicitation or sale would be unlawful.





For further information:

For further information: Stephen W. Houghton, Chief Executive Officer,
Telephone: (212) 751-0083, Website: www.sagc.com


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