South American Gold Corp Names New Director of Uruguayan Cannabis Operations


South American Gold Corp. (PINKSHEETS: SAGD / PINKSHEETS: SAGDD) named Mr. Gustavo Schiavo director of Uruguayan cannabis operations. Mr. Schiavo will be responsible for leading the implementation of SAGD’s new strategic push into providing services, products and education into the recently liberalized Uruguayan cannabis markets.

“When we started the executive search we thought we would have to
choose between someone with a strong entrepreneurial background or
someone with significant local political connections,” said CEO Marianne
Rasmussen. “However, Mr. Schiavo is
an incredibly rare blend of leadership, entrepreneurial talent,
international trade experience, and political connections necessary to
execute on our strategic vision.”

Mr. Schiavo has over 20 years of
running successful entrepreneurial and international trading companies
in Uruguay and recently concluded nearly two decades of service in
Uruguay’s diplomatic corps as Uruguay’s Consul General in Spain.

“We are excited to immediately begin working with Mr. Schiavo
to identify local expertise and value-added products that will help us
develop Uruguay as a regional center for high-quality cannabis
cultivation and further enhance the bottom line of those participating
in this growing market,” continued Rasmussen.

In addition to the addition of Mr. Gustavo, South American Gold Corp.
also effectuated a 1:2000 reverse stock split that was effective August
27, 2015.

About SAGD:
South American Gold Corp is focused on becoming the premiere provider of
value added products and services for the cultivation and processing of
cannabis for the South American medical and recreational markets with
an initial focus on the Uruguayan market.

Forward-Looking Statements:

Statements herein
express management’s beliefs and expectations regarding future
performance and are forward-looking and involve risks and uncertainties,
including, but not limited to, raising working capital and securing
other financing; responding to competition and other risks. Actual
results may differ materially from such forward-looking statements.