South American Gold and Copper Company Limited Reports Financial Results for its Year Ended September 30, 2008



    /NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES/

    TORONTO, Jan. 19 /CNW/ - South American Gold and Copper Company Limited
(the "Company") (TSX: SAG) reported its year ended September 30, 2008,
financial results compared to 2007. The loss for the year ended September 30,
2008, was US $2,668,000 before write off of exploration properties which
totalled US $6,056,000 and other income of US $15,000 or a net loss of US
$8,709,000. This compares to a loss of US $4,325,000 for the year ended
September 30, 2007, before other income of US $575,000, or a loss of
$3,750,000.
    The complete financial statements for the Company's year ended September
30, 2008, compared to its year ended September 30, 2007, can be found on SEDAR
at www.sedar.com.

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

    "Cautionary statement regarding this information. Except for statements
of historical fact, all statements and information in this press release,
including without limitation statements and information regarding the Company
constitute forward looking information statements within the meaning of
applicable Canadian security regulations which involve risks, uncertainties
and assumptions many of which are beyond our control. Except as required by
law, South American Gold and Copper Company Limited and its subsidiaries
expressly disclaim any forward looking information.

    
    "The forward-looking information contained herein is expressly qualified
    by this cautionary statement."
    





For further information:

For further information: Stephen W. Houghton, CEO, E-Mail:
sagc@sagchile.cl, Telephone: 56-2-264-2295, Website: www.sagc.com


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