South American Silver Announces US Trading on OTCQX

Mon Jan 7, 2013 10:06am EST

* Reuters is not responsible for the content in this press release.

VANCOUVER, BRITISH COLUMBIA, Jan 07 (MARKET WIRE) --
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.

Contacts:
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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