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Monday, September 13, 2010

Gold American Mining (OTC:SILA) Board Approves First Phase of La Escondida Project

After completion of an initial evaluation of its La Escondida Project in Sonora State, Mexico, Gold American Mining Corp's (OTC:SILA) Board of Directors gave the go ahead to proceed in the first phase of the field operations.

The initial stage will entail detailed sampling within the mineralized zones, mapping, and a structural evaluation of the area.

Depending on the results of the sampling, Gold American will at that time make a determination as to whether to go forward to the second phase, which would involve a comprehensive geophysics study of the property.

Gold American focuses primarily on acquisition, exploration, and development of silver and gold resources, although it engages other minerals as well on a smaller basis.

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