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South American Silver Responds Strongly To Bolivian Government Statements

http://podcast.cbc.ca/mp3/podcasts/asithappens_20120711_28903.mp3  starts at the 2:20 mark

http://www.cbc.ca/thecurrent/popupaudio.html?clipIds=2255563707   starts around 2:20.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -07/11/12)- South American Silver Corp. (SAC.TO)(SOHAF) today expressed extreme disappointment in statements made this evening by the Bolivian government that it intends to nationalize the company's development stage Malku Khota silver-indium-gallium project.

South American Silver Corp. is a growth focused mineral exploration company creating value through the exploration and development of the Malku Khota (100%) project in Bolivia, and the large scale Escalones (100%) copper-gold project in Chile. The Company's approach to business combines the team's track record of discovery and advancement of large projects, key operational and process expertise, and a focus on community relations and sustainable development. Management has extensive experience in the global exploration and mining industry with much of that focused in Bolivia, Chile, Peru and Argentina. The Company's shares are listed on the Toronto Stock Exchange under the symbol "SAC" and on the US OTC market as "SOHAF". Additional information related to South American Silver Corp. is available at www.soamsilver.com and on SEDAR at www.sedar.com.

Contact:

NATIONAL Public Relations
Alan Fryer
Media Contact
778-987-5523
AFryer@National.ca
South American Silver Corp.
Robert Gill
Investor Relations
604-681-6926 or 1-855-681-6926 Toll Free
www.soamsilver.com
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