On February 14, 2012, David Kugelman was appointed by the Board of Directors of South American Gold Corp. to serve as Chief Executive Officer and Corporate Secretary. At that time Mr. Raymond DeMotte resigned as the company's Chief Executive Officer and was appointed the Vice President of Corporate Development and Operations Controller.

Mr. Kugelman, age 44 is a principal in Atlanta Capital Partners for the past 10 years, providing corporate consulting in mergers, acquisitions, public relations to several publicly-traded clients. Mr. Kugelman has been in the Investment industry since 1986 and has held the National Association of Securities Dealers Series 7, 24, 63, and 66 licenses, as well as the Certified Financial Manager designation.