South American Minerals, Inc. to Establish Land Based Alluvial Gold Sluicing Operation

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. to Establish Land Based Alluvial Gold Sluicing Operation

14/09/2006 4:44pm

PR Newswire (US)

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NEW YORK and GEORGETOWN, Guyana, S.A., Sept. 14 /PRNewswire-FirstCall/ -- SOUTH AMERICAN MINERALS, INC. (OTC PINK SHEETS: SAMM) announced that its wholly owned subsidiary North American Resources Inc. Ltd. (NARIL) is nearing completion of a pilot, land based, alluvial gold sluicing plant on a mining concession controlled by NARIL in the Republic of Guyana, South America. The plant is designed to process up to 125 cubic yards per hour of gold bearing gravels located in a 25 square mile area adjacent to the Konawaruk River in Guyana. The area has previously been the subject of favorable exploratory drilling programs conducted by three non-affiliated international mining companies. NARIL is presently conducting further tests to confirm those results. The plant is expected to be ready to commence pilot production by the end of October 2006. In the event the pilot project is commercially successful, the company would consider the establishment of several additional plants in the future. Funding for the plant is being provided by the Company and several partners. NARIL is currently engaged in a water based gold dredging operation in and along the Konawaruk River with 3 hydraulic suction dredges of which two are owed by a joint venture in which NARIL owns a 65% interest. A fourth dredge is planned to be placed in production after repairs are completed. 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, +1-212-668-0842, South American Minerals, Inc. Web site: http://www.southamericanminerals.com/

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