SOUTH ATLANTIC GOLD INC. announced the creation of a Technical Committee, Compensation Committee and changes to the Audit Committee. Two new members will be joining the Board of Directors including Mr. Rick Brown and Mr. Bill O'Hara while Mr. Antenor Silva is resigning from the Board. The number of Directors will be changed to seven in total. The Technical Committee will be chaired by Mr. Rick Brown, a new director to the Company. Mr. S. Mitchel
Wasel and Mr. Jonathan Victor Hill will be joining the Committee. Mr. Hill will not be joining the Board of Directors. With over 30 years of management and operational experience in the junior mining industry, Mr. Brown will provide additional geologic and operational guidance to South Atlantic. He has been based in Latin America since 1993 in Peru, Argentina, Brazil and Colombia. He is credited with the outcrop discovery of the El Hilorico gold project (1 million ounces) in Peru, negotiating the acquisition of Newmont Argentina SA for Aquiline Resources, which included the Navidad silver project (750 million ounces), and the acquisition of the Mara Rosa gold project (1.5 million ounces) in Brazil. Currently, he is an independent director of Peruvian Metals Corp. and an active investor in several listed (both TSX and ASX) junior explorers and developers. Mr. Brown holds a BApp.Sc degree in Geology from Curtin University of Techology, Australia, an MBA from Business School Sao Paulo, Brazil and is a Fellow of the Society of Economic Geologists (SEG). He speaks fluent Spanish and Portuguese. Mr. Jonathan Hill is currently Senior Advisor at Jaguar Mining Inc. Mr. Hill has over 30 years' experience in global exploration, mining operational and project development in Africa, Australia and North and South America. He was directly involved in the discovery of several world-class projects while at AngloGold Ashanti Limited. His experience includes exploration, development, due diligence, corporate development, mine geology and coordination/liaison with mine planning and reporting of mineral reserves and resources. Mr. Hill is Chairman of the Board of Royal Road Minerals Limited and a director of Stratabound Minerals Corporation. His private company, Exploration Outcomes Ltda provides exploration advisory services to international client companies. He holds a BSc (Hons) degree in Economic Geology from the University of Cape Town and a BAppSc degree in Applied Geology from the Queensland University of Technology. The Compensation Committee will be chaired by Mr. Marc Leduc. The other members of this Committee will include Mr. Adam Davidson and Mr. Bruce Higson-Smith.