SOURCE: Gold American Mining Corp.

Gold American Mining Corp.

August 23, 2010 09:00 ET

Gold American Mining Corp. Announces Geological Engineer's Appointment

RENO, NV--(Marketwire - August 23, 2010) - Gold American Mining Corp. (OTCBB: SILA) ("Gold American" and/or "the Company") is pleased to announce that Mr. Juan Manuel Jimenez has agreed to join the Company's team as Technical Advisor - Mexico.

Mr. Jimenez has over eighteen years experience of progressively increasing responsibilities in mining exploration in North America. He brings great value to the company given his vast knowledge of precious and base metals exploration in the regions where Gold American operates.

Mr. Jimenez has extensive experience in all phases of mineral exploration and development, with a particular focus on surface and underground drilling, as well as geophysical exploration methods. He has managed and supervised significant exploration projects in the Mexican mining industry and throughout his distinguished career, he has been directly involved in programs resulting in the identification, acquisition, delineation and discovery of significant gold and silver deposits.

His career in the mining industry includes experience gained with Santa Fe Pacific Gold Corp. (acquired by $29B NYSE-listed Newmont Mining Corp.), Homestake Mining Corp., and Minera Teck de Mexico S.A. (subsidiary of $19.3B NYSE-listed Teck Corp.) Mr. Jimenez has also worked for Minera Terranova, Minera Milagro, Minera Cosalo, Minera Aztex and Exmin, as well as consulted for a number of exploration companies.

"I am delighted to have Juan Manuel join our efforts in advancing our projects. The positive results we have obtained to date at the Guadalupe property make it even more essential to Gold American to count with his expertise in the region. He is ideally qualified and well prepared to assume an important role in the future growth of the Company," said Mr. Johannes Petersen, President of Gold American. "The appointment of Juan Manuel is the latest step in our efforts to assemble a tight group of management, exploration and production experts from the silver and gold industries," added Mr. Petersen.

ABOUT GOLD AMERICAN MINING CORP.
Gold American Mining Corp. is a publicly traded (OTCBB: SILA) precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations. For more information the Company and its projects, visit Gold American's website at www.gold-american.com.

ON BEHALF OF THE BOARD OF DIRECTORS,

Gold American Mining Corp.
Johannes Petersen, President

Forward-Looking Statements
The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

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