South American Minerals, Inc. Reports Increased Gold Production and Sales for 2008

Name	Symbol	Market	Type
Strategas Macro Momentum ETF	AMEX:SAMM	AMEX	Exchange Traded Fund

Name

Symbol

Market

Type

Strategas Macro Momentum ETF

AMEX:SAMM

AMEX

Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	-0.0749	-0.30%	25.2138	25.275	25.15	25.23	3,251	21:15:00

Price Change

% Change

Price

High Price

Low Price

Open Price

Traded

Last Trade

-0.0749

-0.30%

25.2138

25.275

25.15

25.23

3,251

21:15:00

South American Minerals, Inc. Reports Increased Gold Production and Sales for 2008

22/01/2009 4:53pm

PR Newswire (US)

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NEW YORK, Jan. 22 /PRNewswire-FirstCall/ -- SOUTH AMERICAN MINERALS, INC. (Pink Sheets: SAMM) announced today that preliminary reports of gold production for the year ending December 31, 2008 as reported by its wholly owned subsidiary North American Resources, Inc. Ltd (NARIL), was 4,248 ounces compared to 3,635 ounces produced in the same period 2007. Sales of the gold produced in 2008 returned $3,327,707 compared with sales of $2,176,972 in 2007. Production was achieved by 1 hydraulic suction dredge operated in the Konawaruk River area of the Republic of Guyana South America during January and February, 2008 and 3 dredges operated during the period March through December, 2008. Production during October through December 2008 was 1,257 ounces by the 3 dredges, which sold for $918,634 compared with 710 ounces in the same three month period in 2007 which sold for $492,732. Two of these dredges are owned by a joint venture in which Naril owns a 65% interest. In addition, Naril operates one wholly owned dredge with a second wholly owned dredge currently being repaired before returning to service. The Company is also pleased to announce that it is proceeding with preliminary evaluation of certain of its mineral claims in San Juan County, Utah. The Company previously released several claims. Additional data will be provided as warranted. Except for the historical information herein, 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: Saul Horing, President of South American Minerals, Inc., +1-212-668-0842 Web Site: http://www.southamericanminerals.com/

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