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Pennytobuck Stock Highlight On Sila; Gold American Mining Corporation

Gold American Mining Corporation (OTCBB:SILA)


SILA pleased to announce that Mr. Juan Manuel Jimenez has agreed to join SILA's team as Technical Advisor - Mexico.

Mr. Jimenez has over eighteen years experience of progressively increasing responsibilities in mining exploration in North America. Which Allows him to bring great value to SILA, given his vast knowledge of precious and base metals exploration in the regions where SILA operates.

Mr. Johannes Petersen, President of Gold American said "I am delighted to have Juan Manuel join our efforts in advancing our projects. The positive results we have obtained to date at the Guadalupe property make it even more essential to Gold American to count with his expertise in the region. He is ideally qualified and well prepared to assume an important role in the future growth of the Company."


His career in the mining industry includes experience gained with Santa Fe Pacific Gold Corporation (acquired by $29B NYSE-listed Newmont Mining Corporation; NEM ), Homestake Mining Corporation, and Minera Teck de Mexico S.A. (subsidiary of $19.3B NYSE-listed Teck Corp.)

"I am delighted to have Juan Manuel join our efforts in advancing our projects. The positive results we have obtained to date at the Guadalupe property make it even more essential to Gold American to count with his expertise in the region. He is ideally qualified and well prepared to assume an important role in the future growth of the Company," said Mr. Johannes Petersen, President of Gold American. "The appointment of Juan Manuel is the latest step in our efforts to assemble a tight group of management, exploration and production experts from the silver and gold industries," added Mr. Petersen.

Mr. Jimenez has also worked for Minera Terranova, Minera Milagro, Minera Cosalo, Minera Aztex and Exmin, as well as consulted for a number of exploration companies.

SILA has alsp recently announced additional positive results from its Guadalupe property, located in the heart of the Fresnillo district, Zacatecas, Mexico.

The fieldwork conducted by SILA continues to identify additional veins within the property as such several veins remain without names. To date nine veins have been mapped within the Guadalupe property.

Johannes Petersen, President of Gold American said We are very excited with our findings to date. As soon as we receive the final report and maps of the recently completed geophysics campaign we will be able to finalize the design of the drilling program and initiate the permitting process with a view at commencing drilling before the end of the year.

Gold American Mining Corp. is a publicly traded (OTCBB:SILA) precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations. For more information the Company and its projects, visit Gold American's website at www.gold-american.com.


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