South American Silver Corp. Announces Annual General Meeting Results

Marketwired

VANCOUVER, BRITISH COLUMBIA--(Marketwire -05/24/12)- South American Silver Corp. (SAC.TO)(SOHAF.PK) is pleased to announce that all of the resolutions that shareholders were asked to consider at its 2012 Annual General Meeting held in Vancouver, B.C., were approved. Eight directors were elected at the meeting including Ralph Fitch, Greg Johnson, Antonio Canton, Paul Haber, Peter Harris, John Watson and Tina Woodside, as returning directors and Roman Mironchik was elected as a new director of the Company. PricewaterhouseCoopers LLP, Chartered Accountants, were also re-appointed as the auditors of the Company.

Roman Mironchik is a Managing Director of Izurium Capital, a London based private equity firm. Prior to Izurium, he worked on European TMT transactions in the London office of Francisco Partners, a leading US-based private equity fund. Before moving to Francisco Partners, Mr. Mironchik worked on direct equity investments and structured lending for RP Capital Group, a London based hedge fund. Mr. Mironchik started his career with Merrill Lynch's London Investment Banking division, where he was involved in the execution of various M&A and financing transactions. Mr. Mironchik graduated with a First Class Honours degree in BSc Economics from the London School of Economics and Political Science.

Ralph Fitch, Executive Chairman of South American Silver, stated "We wish to welcome Roman Mironchik to the board of directors and look forward to working with him as the Company continues to explore and develop its Malku Khota silver-indium-gallium project in Bolivia and Escalones copper-gold project in Chile. We also thank Tony Cau, Jeff Couch and Bill Murray, as former directors, for their contributions to the Company."

A Corporate update presentation was given to investors present at the Company's Annual General Meeting and is available on the Company's website at www.soamsilver.com.

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 Malku Khota (100%) project in Bolivia, one of the world's largest undeveloped silver-indium-gallium deposits, 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 effective community relations to increase shareholder value. 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:

South American Silver Corp.
Greg Johnson
President & CEO
604-681-6926 or Toll Free: 1-855-681-6926
South American Silver Corp.
Investor Relations
604-681-6926 or Toll Free: 1-855-681-6926
www.soamsilver.com

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