1. Potential Acquirer #1: We had one of their managers, in Bolivia a few weeks ago. We went up to the mine and showed him our newly found lens as well as our progress on our improvements to the A-Zone. He appeared to be amazed at our progress and even more amazed at the sight of the top of another lens right in plain view at the surface on the road to the mine. He was also discussing the Chinese government’s current policies as far as financing large US dollar transactions. He indicated that no private deals of any size were getting done right now and only government backed projects seemed to be getting financed. He said that part of the problem was probably the trade war with the US and the current unrest in Hongkong. Upon our return, he said that he was going to report back to headquarters in China and get back to me with their feedback. We just heard back on Monday of this week it looks like they are starting to be feeling the pressure of not only our progress on the A-Zone but also the fact that they now have competition with the Chilean group. They also mentioned our upcoming National Elections here in Bolivia being held later this week on the 20th of October. I reiterated to them that we are moving forward with, or without them but would still like to know if their terms are in the realm of our ballpark!! He said that he hoped to have news for us early in November.
  2. 43-101 Report: All of our drilling and trenching data points have now been entered and checked and now have been sent over to our resource geologist in Colorado. We are constantly in touch with both Criss Capps and Chris Cherrywell, the authors of the report. Mr. Capps is just waiting for the resource report to be finished so that it can be added to our 43-101 report. This has set us back at least 30 days just waiting on the resource geologist. Since the resource is the centerpiece of any 43-101 report, we have to suffer through another short delay. They are still working hard on the report and we are hoping that they will be able to finally finish the report by the end of October or the by the beginning of November. The plan, once the 43-101 is completed, is to start the listing process on the AMEX Stock Exchange. This of course would be subject to not having a deal done with one of the Potential Acquirers.
  3. Potential Acquirer #2 – the Chilean group: On Thursday of last week, the Chilean group’s lawyer said that they were still working through our data and that he expected to come back to us in November or December. He too, mentioned the elections this week so we believe that this may be the reason for their delay in processing an offering for us.
  4. Potential Investment or Acquisition: We are presently working with two other potential investment or acquisition groups and are waiting for an offer from a mining group based out of

Canada. We anticipate all will become more active in November after the National Elections this week. Whether Morales is re-elected or if a coalition government is formed, SAC SA and its parent South American Copper are well positioned to continue operations without any interruption or change of plan.

5. There is still a huge shortage of ready to go copper projects on the planet right now. We believe that we are in a sellers’ market and with gold nearly $1,500 per ounce the company and its management think that a deal will be struck in the next few months.

These are the latest corporate highlights as of October 17, 2019. The Company is currently under NDA’s with all of its potential acquirers. For this reason, we have not disclosed their entities names in this document.

About the Company

South American Copper Limited (BVI), owns SAC S.A. (Bolivia) which owns substantial mineral resource assets in Bolivia, South America. The Company is currently concentrating its development and production efforts on four large mineral concessions where they have discovered three new VMS (Volcanogenic Massive Sulfide) deposits containing primarily copper, silver and gold. These concessions are located within the State of Santa Cruz within the northeastern Pre-Cambrian region of Bolivia and cover approximately 420 square kilometers.

For more information, please contact:

Brent Nelson, Director & CEO
Tel: (+591 7810 8180)
E-mail: info@southamericancopper.com Website: www.southamericancopper.com

For further information, please visit our website at www.southamericancopper.com or email us at info@southamericancopper.com

Neither the AMEX nor the NYSE, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward- looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information. This News Release is not for distribution to the U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.