SOURCE: South American Gold Corp.

South American Gold Corp.

May 02, 2017 15:00 ET

South American Golds Test Generates Revenue

LAS VEGAS, NV--(Marketwired - May 2, 2017) - South American Gold Corp (OTC PINK: SAGD) is proud to announce that its automated Bitmineshaft product generated over $1,090 on its first market test day.

SAGD released its Bitmineshaft product on 05/01/17 into the market place to test its algorithmic ability to operate on a one user automated system. The results of the first day generated a revenue base of over $1,090. SAGD looks to increase the user base from the test of one user to up to one thousand users; increasing the daily revenue base as the rack space increases with corporate investment. Bitmineshaft is SAGD's product name for its Bitcoin Mining, a process of adding transaction records to Bitcoin's public ledger of past transactions.

SAGD is a company focused on the cannabis industry and lifestyle, has been dedicated to the growth of the company through its social and development divisions for added value to the company. Bitmineshaft is a product of SAGD developed behind the scenes and released to the market for testing. With the results of the first day of testing, SAGD has determined that it is appropriate to continue develop and increase the position of the product within the market place.

In recent news:

SAGD announced that it has come to an agreement to sponsor My Weed Rights 48 State road tour, for its PotCircles product. The sponsorship of the My Weed Rights road tour, will give PotCircles national exposure to its social network platform. The PotCircles social network product is in its final stages of development and SAGD feels it will be available for download by the close of this month.

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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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