South American Gold and Copper Company Limited Reports Repayment of its OPIC
Loan.

/NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES/

TORONTO, Aug. 25 /CNW/ - South American Gold and Copper Company (the "Company)  (TSX-SAG) is pleased to report that it has made the final principal and interest payments totalling US $305,837.33 on its loan from the Overseas Private Investment Corporation, an Agency of the United States Government, headquartered in Washington D.C. (OPIC). The original amount of the loan was US $2,800,000.

Stephen W. Houghton, Chief Executive Officer, stated that the Company and its shareholders wish to extend their appreciation to OPIC and those of its staff with whom we worked, for their services to the Company over the term of the loan.

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

SOURCE Cerro Grande Mining Corporation

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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