South American Minerals, Inc. Reports Gold Sales for 2003

South American Minerals, Inc. Reports Gold Sales for 2003


NEW YORK and GEORGETOWN, Guyana, South Africa, March 2
 /PRNewswire-FirstCall/ -- South American Minerals, Inc. (OTC Pink Sheets: SAMM)
announced today that preliminary data indicates that total gold production for
the year 2003 was 2,961 ounces of gold which were sold for $968,248.  This
compared with production of 2,883 ounces of gold sold for the year 2002 which
were sold for $796,638.  This production resulted from operation in the
Konawaruk River of Guyana, of one dredge wholly owned by the Company and an
additional two dredges owned by a joint venture in which the Company owns a 65%
interest.  A second dredge wholly owned by the Company has been reconditioned
and is now commencing operations.  With continued operation of these four
dredges and the favorable current price of gold, the Company looks forward to
increased production and sales income in 2004.

The Company is in the process of preparing its financial statements for the year
ended December 31, 2003 and expects to provide them to the Shareholders and the
public as soon as they are available.

We will continue to provide you with material information as soon as it becomes
available.

* Except for the historical informationherein, certain matters discussed in
this release include forward looking statements that may involve a number of
risks and uncertainties, which projections and statements are made pursuant to
the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of
1995.  Actual risks may vary significantly based on a number of factors,
including but not limited to: risks in production relating to weather and the
prices of fuel and gold on the world market. 

DATASOURCE: South American Minerals, Inc.



CONTACT:  South American Minerals, Inc., [phone], Fax -

[phone]



Web site:  http://www.southamericanminerals.com/ 

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