South American Silver Announces US Trading on OTCQX

Mon Jan 7, 2013 10:06am EST

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Marketwire

South American Silver Corp.

January 7, 2013 - 10:06:21 AM

South American Silver Announces US Trading on OTCQX

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2013) - South American
Silver Corp. (TSX:SAC)(OTCQX:SOHAF) (the "Company") is pleased to announce
that effective December 21, 2012, the Company began trading on OTCQX
International under the symbol "SOHAF". 

OTCQX International is a segment of the OTCQX marketplace reserved for
high-quality non-U.S. companies listed on a qualified stock exchange in their
home country. OTCQX has the highest financial standards of all U.S. OTC
marketplaces, and requires qualified third-party sponsorship. U.S. investors
can find current financial disclosures and Real-Time Level 2 quotes for the
Company on www.otcmarkets.com.

Phillip Brodie-Hall, President and CEO commented: "We are proud to join OTCQX
International and look forward to increasing our exposure to U.S. investors.
We feel this marks an important step towards enhancing trading and liquidity
of our common shares and increasing our global visibility."

The Company also wishes to announce that John Watson has resigned as a
director of the Company effective November 15, 2012. The Company wishes to
thank Mr. Watson for his contributions as a director since the Company's
initial public offering in 2007.

About South American Silver Corp.

South American Silver Corp. is a growth focused mineral exploration company
creating value through the exploration and development of the large scale
Escalones copper-gold project in Chile, the pursuit of new opportunities, and
the realization of value from the Malku Khota project in Bolivia. 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. The
Company's shares are listed on the Toronto Stock Exchange under the symbol
"SAC" and on the US OTCQX market as "SOHAF". Information related to South
American Silver Corp. is available at www.soamsilver.com and on SEDAR at
www.sedar.com. 

Forward-looking statements 

Forward-looking statements look into the future and provide an opinion as to
the effect of certain events and trends on the business. Forward-looking
statements may include words such as "increasing", "enhancing", "creating",
"realization" and similar expressions. This release contains forward-looking
statements. These forward-looking statements are based on current expectations
and various estimates, factors and assumptions and involve known and unknown
risks, uncertainties and other factors. 

Readers are cautioned not to place undue reliance on these statements as the
Company's actual results, performance or achievements may differ materially
from any future results, performance or achievements expressed or implied by
such forward-looking statements if known or unknown risks, uncertainties or
other factors affect the Company's business, or if the Company's estimates or
assumptions prove inaccurate. Therefore, the Company cannot provide any
assurance that forward-looking statements will materialize. Factors that could
cause results or events to differ materially from current expectations
expressed or implied by the forward-looking statements, include, but are not
limited to, market conditions; the performance of the Common Shares or the
Issuer; results of the Issuer's exploration and development programs on its
material properties; risks of the mineral exploration industry which may
affect the Issuer and risks of the mineral exploration industry which may
affect the advancement of the Escalones project, in each case, including
possible variations in mineral resources or grade, metal prices, timely
receipt of required permits, availability of equipment and qualified
personnel, failure of equipment or processes to operate as anticipated and
changes in project parameters as plans continue to be refined; the political
and economic climate in Bolivia including the attitudes and actions of the
Bolivian government related to foreign investment in Bolivia; the pursuit by
the Bolivian government of stated courses of action; the international
arbitration process; and other risks more fully described in the Company's
Annual Information Form filed and publicly available on SEDAR at
www.sedar.com. The assumptions made in developing the forward-looking
statements include: the accuracy of publicly available information regarding
the Issuer; the accuracy of current inferred resources and the interpretation
of drill and other exploration results for Escalones; the timely receipt of
required permits for Escalones; the availability of equipment and qualified
personnel to advance the Escalones project and execution of the Company's
existing plans and further exploration and development programs for Escalones,
which may change due to changes in the views of the Company or if new
information arises which makes it prudent to change such plans or programs;
the ability of the Company to realize value from its investments in Bolivia
and that statements made by Bolivian government officials reflect the
government's intentions. Subject to applicable laws, the Company assumes no
obligation to update or revise any forward-looking statement, whether as a
result of new information, future events or any other reason. Unless otherwise
indicated, forward-looking statements in this release describe the Company's
expectations as of January 7, 2013.

FOR FURTHER INFORMATION PLEASE CONTACT: 
South American Silver Corp.
Robert Gill
Investor Relations
604-681-6926 or Toll Free 1-855-681-6926
www.soamsilver.com
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