South American Gold Corp.
OTC : SAGD

October 19, 2010 12:26 ET

Grosvenor Explorations Inc. Changes Name to South American Gold Corp.

RICHMOND, INDIANA--(Marketwire - Oct. 19, 2010) - South American Gold Corp. (OTC:SAGD) is pleased to announce that the Company's name has changed from Grosvenor Explorations Inc. to South American Gold Corp. and effective October 18, 2010, the new trading symbol for our shares on the OTC market is SAGD.

On September 20, 2010, the Registrant filed Articles of Merger with the Secretary of State of Nevada to effectuate a merger whereby the Registrant would merge with its wholly-owned subsidiary, South American Gold Corp., through a parent/subsidiary merger, with the Registrant as the surviving corporation. This merger became effective on October 11, 2010.

In connection with the name change, the Registrant's Common Stock has been assigned a new symbol for quotation on the OTC market. The shares of Common Stock under the new corporate name are quoted under the symbol "SAGD" on the OTC market effective at the opening of trading on October 18, 2010. The CUSIP number of the under the new corporate name is 836301101.

About South American Gold Corp. (OTC:SAGD)

The Company's goal is to locate and develop large-scale commercially viable gold deposits. The Company is interested primarily in geographical areas that are home to proven gold deposits, including highly prospective districts with the potential to hold large deposits.

The acquisition of interests in exploration properties or implementation of any exploration programs will require the Company to secure additional financing.

On behalf of the Board:

Raymond De Motte - CEO

South American Gold Corp. (OTC:SAGD)

Disclaimer

This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words , or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South American Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance , or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press releases incorporates by reference the Company's filings with the SEC including 10k,10Q,8K reports and other filings. Investors are encouraged to review all filings.

Contact Information

  • South American Gold Corp.
    Investor Inquiries:
    1-765-356-9726
    1-765-356-9726 (FAX)