South American Minerals Inc. reported production results for the six months ended June 30, 2009. For the period, the company announced that gold production totaled 2,069 ounces. This compared to 1,811 ounces produced in the same period in 2008. Sales receipts in the 2009 period were $1,731,349 compared with $1,478,446 in the 2008 period.

South American Minerals Inc. announced that preliminary reports of gold production for the year ending December 31, 2008 as reported by its wholly owned subsidiary North American Resources Inc. Ltd. (NARIL), was 4,248 ounces compared to 3,635 ounces produced in the same period 2007. Sales of the gold produced in 2008 returned $3,327,707 compared with sales of $2,176,972 in 2007. Production was achieved by 1 hydraulic suction dredge operated in the Konawaruk River area of the Republic of Guyana South America during January and February, 2008 and 3 dredges operated during the period March through December, 2008. Production during October through December 2008 was 1,257 ounces by the 3 dredges, which sold for $918,634 compared with 710 ounces in the same three month period in 2007 which sold for $492,732. Two of these dredges are owned by a joint venture in which Naril owns a 65% interest. In addition, Naril operates one wholly owned dredge with a second wholly owned dredge currently being repaired before returning to service. The Company is also pleased to announce that it is proceeding with preliminary evaluation of certain of its mineral claims in San Juan County, Utah. The Company previously released several claims.

South American Minerals Inc. announced that on March 10, 2008, Dean Hassan resigned as a director effective immediately. On March 12, 2008, Gifford A. Dieterle has resigned as chairman of the board of directors and secretary treasurer of the company.