Additional Information On Dino Property In Central Peru

TORONTO - Samco Gold Limited reported additional information on the Dino Property in Central Peru further to its announcement on the proposed acquisition of SAMCO Minerals S.A. and Cia Dorita MA S.A.C. (SMCD).

Samco Minerals S.A and Cia Dorita MA S.A.C. (SMCD) hold approximately 5,510 hectares of mineral rights in the Mantaro District, located in the heart of the Polymetallic Belt of Central Peru (the "Dino Property"), hosting discordant vein (feeder) and stratabound manto zinc, lead and silver mineralization described as carbonate replacement deposits (CRD). The Polymetallic Belt is a 900 km long belt hosting numerous prolific mining operations, including Morococha, Cerro de Pasco, Antamina, San Gregorio, San Vicente and others. SMCD's mineral holdings display similar structural and geological settings and mineralogy to several of these operations, though SMCD does not consider the results of those operations as necessarily indicative of a similar scale of mineralization on the Dino Property.

The Dino Property is located in Central Peru, approximately 180 km east-northeast of the capital Lima within the Eastern Cordillera of the Central Peru Andes. The centre of the Dino Property lies approximately 18 km north-northwest of the provincial capital Jauja. Elevations range from about 3,600 m to 4,200 m above mean sea level. The Dino Property comprises twelve concessions totaling some 5,510 hectares (55.1 km2). All concessions are 100% owned by SMCD. There are no seasonal limits on operations.

Exploration activities carried out by SMCD to date include:

Interpretation of very high resolution satellite imagery interpretation (WorldView 2) and ASTER.

Detailed geological surface mapping and "ground truthing" of satellite interpretation maps.

Underground sampling and geological mapping of Dino Mine.

Mineral resource estimation for Dino Mine.

156 line kilometres of IP survey (pole/pole array).

Ground magnetic survey at 200m line spacing covering the entire Dino Property and beyond.

Soil geochemical survey (>6,500 MMI soil samples).

Surface trenching within the Dino-Astucia-Pacapaccha area.

Reconnaissance Zinc Zap survey.

The vein system at the Dino Mine was historically mined on four levels that are separated by 50 meters vertically. The vein system has an exposed strike of over 350 meters and is open along strike and at depth, indicating significant upside potential for high grade vein mineralization at the Dino Mine. Apart from high grade vein mineralization, two stratabound (strike and dip parallel) replacement bodies termed mantos, have been identified within the Dino Mine. One of these has a width of about 2m and returned grades of 10.2% Zn, 10.8% Pb and 74 g/t Ag from face sampling; the second comprises a series of narrow replacement horizons within a 70cm wide limestone unit.