SOURCE: Silver America, Inc.


May 17, 2010 09:00 ET

Silver America, Inc. Announces Strategic Mining Engineer Appointment to Management Team

RENO, NV--(Marketwire - May 17, 2010) -  Silver America, Inc. (OTCBB: SILA) ("Silver America" and/or "the Company") is pleased to announce the appointment of seasoned Mining Engineer, Mark See, to the Company's growing management team in the role of VP of Exploration. Mark brings over 23 years of experience in exploration, mining and the petroleum industries. He was selected by The "Engineering News Record" as one of the Top 25 Engineers in North America for his engineering innovations.

His tenure in the mining industry includes experience with major producers and projects, including acting as Mine Manager for Rio Tinto ($94B NYSE-traded producer of gold and silver), Projects Manager of the "Alberta Oil Sands Projects" at Fort McMurray, COO of PetroTech Resources Inc, and Engineering Intern with Gold Fields Ltd. ($8.9B NYSE-traded South Africa gold producer). Mark is a member of the Canadian Institute of Mining, Metallurgy & Petroleum; the Society of Mining Engineers; and the Society of Petroleum Engineers; and is a graduate of the Mackay School of Mines at the University of Nevada Reno in Mining Engineering.

Mark is also the owner of Waitman Forrest Resources LLC, which identifies, assesses and manages gold, silver, base and PG metals exploration and development properties, and the Chairman of Laredo Oil, Inc., a domestic oil exploration, re-development and production company.

"The great thing about having Mark on the management team is that he's not only a top drawer Mining Engineer, but also has valuable executive experience," said President of Silver America, Johannes Petersen. "And whenever you can find one person in this industry that combines proven field know-how with the demonstrated business acumen needed to help take your company from start-up to established producer, that's when you feel very good about adding them to your team."

The appointment of Mark See is the latest step in the Company actively assembling a tight group of management, exploration and production experts from the silver and gold industries. The current management team is led by company President, Johannes Petersen, who brings experience gained from multiple managerial and directorship positions within a number of private and public companies.

Since completing his business school studies, Johannes gained extensive business development and planning experience with an emphasis in the mining and resources industry. Specifically, his business planning background includes gold and oil & gas exploration projects. Johannes has also covered several functions within the financial services industry, ranging from fixed income to currency trading. He is currently director of Hainan Mining Corporation plc, a gold exploration company with interests in Hainan Province, China, and a director of Reflection Oil & Gas Partners Ltd, a coalbed methane exploration company operating in China.

Johannes also formerly worked in Lima, Peru for Credibolsa SAB, Banco de Credito del Peru and CONASEV -- the Peruvian securities regulator. He holds a BSc in Economics from Universidad del Pacifico in Peru, and an MBA from the London Business School in London, England.

Silver America, Inc. is a publicly traded (OTCBB: SILA) precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich silver and gold production potential. Based in Reno, Nevada, Silver America has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations. For more information on the Silver America management team, and to access further information about the Company, visit Silver America's website at


Silver America, Inc.
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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