SOURCE: GOLD AMERICAN MINING CORP

GOLD AMERICAN MINING CORP

July 12, 2010 10:48 ET

Silver America, Inc. Changes Corporate Name to Gold American Mining Corp.

RENO, NV--(Marketwire - July 12, 2010) - Effective June 23, 2010, Silver America, Inc. (OTCBB: SILA) changed its name to Gold American Mining Corp. ("Gold American" and/or "the Company") to better reflect the nature and primary focus of its business operations. The name change was effected as a result of the Company's more specific emphasis on exploring for gold within the precious metals industry, and the belief that it would be in the best interest of the Company and its shareholders. The Company's shares continue to trade on the OTC BB under the symbol SILA and a new corporate website has been launched at www.gold-american.com.

The Company's current holdings include the Nevada-based Keeno Strike Property and the Guadalupe Property in Mexico, located roughly 5 miles north of the Fresnillo (Proaño) Mine. The Company also remains committed to its aggressive, ongoing acquisition of holdings with rich gold and silver production potential. Toward that end, Gold American is currently reviewing additional gold/silver prospects of interest in Nevada, Mexico and other regions marked by stable politics, sound economies and friendly business relations.

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.

Contact Information

  • Investor Relations Information:
    Toll Free: 1-800-274-3710
    E-mail: Email Contact