South American Gold and Copper Company Limited Refiles Certain Financial Statements



    /NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES/

    TORONTO, Jan. 16 /CNW/ - South American Gold and Copper Company Limited
("SAGC" or the "Company") (TSX: SAG) announces that it has refiled its
consolidated financial statements for the years ended September 30, 2008 and
2007 (the "2008 Annual Financial Statements) with the consolidated balance
sheets as at September 30, 2008 and 2007, which were previously not attached
as required by Section 4.1(b) of National Instrument NI 51-102. The refiled
2008 Annual Financial Statements include no other changes. The Company has
also refiled the Certificates of its Chief Executive Officer and Chief
Financial Officer in respect of the refiled 2008 Annual Financial Statements.

    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: Stephen W. Houghton, CEO; David Thomson, EVP,
E-Mail: sagc@sagchile.cl, Telephone: 56-2-264-2295, Website: www.sagc.com


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