Sur American Gold Corporation

Sur American Gold Corporation

March 01, 2005 14:00 ET

Sur American Gold Corporation: Company Receives Positive Independent Geological Reports on Comval and T'boli Gold Projects


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SUR AMERICAN GOLD CORPORATION

TSX VENTURE SYMBOL: SUR

MARCH 1, 2005 - 14:00 ET

Sur American Gold Corporation: Company Receives
Positive Independent Geological Reports on Comval and
T'boli Gold Projects

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2005) - Sur
American Gold Corporation (TSX VENTURE:SUR) is very pleased to advise
that it has received positive independent National Instrument 43-101
compliant geological reports by Dr. Peter Christopher, PhD. P.Eng on its
Comval gold and copper-gold projects and T'boli gold/silver project in
the Philippines.

The reports were prepared at the request of the Company to provide an
independent summary of the two projects and to propose an independent
opinion of exploration necessary to evaluate the potential of the
various prospects and deposits.

The reports which are to be filed with the BC Securities Commission
(Sedar) and the TSX Venture Exchange confirm that both projects are
properties of merit and endorses the Company plans to proceed with an
initial Drilling program at its Comval gold project as outlined in the
Company's news release dated February 23, 2005. A similar program at its
T'boli gold-silver project is also proposed by Dr. Christopher.

Dr. Christopher, who spent several days at the two projects collected
his own samples, personally supervised their preparation and submitted
them for analysis at the Acme Analytical Laboratories in Vancouver,
Canada. One half of the samples were also assayed at the JBMM Facility
at Monkayo, Compostela Valley.

Dr. Christopher's "referee" samples confirm the presence of significant
gold mineralization at Batoto/Tarale, gold-silver mineralization at
T'boli and copper/gold mineralization at Tagpura.

Results from the two laboratories showed good comparison for samples
above 1g/t gold (up to 27g/t gold) but a high variation below 1g/t gold
which strongly support the Company's use of larger scale bulk tests in
order to obtain more representative samples and assay results at these
levels.

Validation of JBMM analytical results by the IOS Certified Acme
Laboratories and the IPL Laboratories have now been obtained by the
Company which provides exceptionally strong confidence in the analytical
procedures employed by the JBMM Laboratory.

DRILLING PREPARATION

The Company is now proceeding steadily towards its initial 30-35 hole
Batoto Drilling program and is currently widening access roads to the
planned Drill sites.

All sampling practices are approved by Mr. Rennie Blair, Company
President who is the qualified person as required by National Policy
43-101 and who is the technical person responsible for this news release.

Sur American Gold Corporation trades on the TSX Venture Exchange
(Canada) with trading symbol SUR-V.

On behalf of the board of directors

J. Rennie Blair, President

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sur American Gold Corporation
    J. Rennie Blair
    President
    (604) 601-8270
    (604) 904-8957 (FAX)
    suramerican@telus.net
    or
    Renmark Financial Communications
    Neil Murray-Lyon or Tina Cameron
    (514) 939-3989
    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this news release.