Samco Gold Limited announced that Paul Richardson, the company's Chief Executive Officer and a director, has advised the company that he will be leaving to pursue different opportunities effective August 13(th) 2013. In order to maintain continuity Mr. Richardson's consultancy company will continue to provide certain consultancy services to the company for a period of time. The role of Chief Executive Officer will be assumed by the company's Executive Chairman, Charles Koppel with immediate effect.