SOURCE: South American Gold Corp.

April 06, 2017 08:57 ET

South American Gold Corp. to Acquire Interest in Oregon Licensee

LAS VEGAS, NV--(Marketwired - Apr 6, 2017) - South American Gold Corp (OTC PINK: SAGD) is proud to announce today that it has completed its agreement to acquire control of Arkham Greenway, LLC, in Oregon.

Arkham Greenway was the growth venture of Jason Osborne, an OMMP (Oregon Medical Marijuana Program) licensed grower in the State of Oregon. The creation of Arkham Greenway was the result of his desire to transition from an OMMP license to a Recreational OLCC (Oregon Liquor Control Commission) Producers license. With approval of the change of license status, Arkham Greenway shall add recreational cultivation to the current OMMP site located in Eagle Point, OR.

SAGD President, David Reeves, stated, "This transaction gives us a good footing into the market area where Arkham Greenway can produce both Medical and Recreational Marijuana in the State of Oregon. And, it should be known that we fully intend for Arkham Greenway to maintain a Medical grow operation alongside its Recreational operation. We believe in the need for the patient to be able to receive their Medical Use Marijuana, without the high cost of Recreational Marijuana."

Other SAGD recent activities:

SAGD recently announced the formation of Arkansas Medical Cannabis, Inc., an entity formed in the State of Arkansas for the purpose of applying for a Medical Cultivation License when the State of Arkansas releases its applications for cultivation, as presently proposed under the rules, on June 2, 2017.

SAGD is also developing a cannabis dedicated social network application, PotCircles, for users to express their lifestyles with other cannabis users, with the initial launch market being that of the United States.

About SAGD: South American Gold Corp is a publicly traded company on the OTC under the symbol SAGD, focused on the cannabis industry and lifestyle.

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," "looks," "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 America 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 release may incorporate by reference the Company's reports and other filings. Investors are encouraged to review all filings. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential projects and/or acquisitions will be favorable nor that definitive terms can be negotiated. Investors should consult their financial advisor before making an investment in a company.

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