South American Gold and Copper Company Limited Announces the Retirement of William C. O'Donnell



    /NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE U.S./

    TORONTO, Feb. 14 /CNW/ - South American Gold and Copper Company (the
"Company" or ("SAGC") (TSX-SAG) announced the retirement of William C.
O'Donnell as Executive Vice President, Chief Financial Officer and Secretary
of the Company, and the election of Peter W. Hogg as interim Chief Financial
Officer of the Company.
    Peter Hogg is a graduate of the University of Toronto and holds a
Bachelor of Commerce degree. He is a Chartered Accountant and has been the
Assistant Treasurer of the Company since November 2000.
    Stephen W. Houghton, CEO, thanked Mr. O'Donnell for his dedicated service
over the past fourteen years. He stated that Mr. O'Donnell joined the Company
in 1994 when it was listed on the TSX through a reverse takeover and
contributed to the success of the Company's Cdn $23,000,000 IPO in 1997 and
subsequent financings.
    Mr. O'Donnell stated that he wished the Company's management team all the
best in putting the Company's Pimenton gold/copper mine back into operation
and building shareholder value.

    South American Gold and Copper Company Limited is a minerals producing,
exploration and development company with properties and activities currently
focused in Chile.





For further information:

For further information: Registered Office: 100 WELLINGTON STREET WEST,
SUITE 500, TORONTO, ONTARIO M5K 1H1, CANADA; New York Representative Office:
420 MADISON AVENUE, NEW YORK, NEW YORK 10017; Santiago Office: LA CONCEPCION
266, OF. 704, PROVIDENCIA, SANTIAGO, CHILE, Telephone: 56-2-264-2295, E-Mail:
sagc@sagchile.cl; For further information, contact: Stephen W. Houghton, Chief
Executive Officer, Telephone: 56-2-264-2295, Website: www.sagc.com


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