Cadan Resources Corp (fka CXD)

[basserdan]

Sur American Gold Corporation: Vice President-Exploration Appointed

Monday August 29, 11:31 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 29, 2005--SUR AMERICAN GOLD CORPORATION (TSX VENTURE:SUR - News) is pleased to announce the appointment of Mr. Nigel Maund to the position of Vice President-Exploration within its executive management team.

Mr. Maund is a graduate of the University of London and holds BSc (Hons), MSc and DIC, degrees in Geology as well as an MBA from Cranfield University - Business School, UK. He is also a Member if the Institute of Mining and Metallurgy (UK) and Member of the Society of Economic Geologists and therefore a "qualified person" as defined by Canadian National Policy 43-101.

Mr. Maund who has more than 30 years of experience at a senior level in exploration and mine geology in Australia,, Africa, South America and Central and SE Asia including the Philippines will report to the SUR President and CEO.

Mr. Maund will be based in the Philippines and will work closely with the Company's Vice President of Philippine Operations, Mr. Brett Taylor and also with the President and Chairman of the Company's Philippine affiliated companies Atty Melanio Andresan.

Mr. Blair adds, "We are thrilled and very fortunate to have Nigel join our team particularly in view of his extensive knowledge of copper-gold porphyry and epithermal precious metal deposits as we commence a major resource definition drilling program at the Company's Comval East Batoto Zone and continue with exploration of the new high grade porphyry gold-silver and copper discovery at the West Batoto zone."

In addition to his responsibilities at the 9,000 ha Comval Project, Mr. Maund will also assume responsibility for all geological work at the Company's 2,700 ha T'boli gold-silver epithermal project where previous drilling has outlined an inferred resource of more than 400,000 oz of gold and 1,500,000 ozs of silver. The high grade gold/silver veins at T'boli remain open at depth and along strike and the potential for further substantial additions to the resource both within the initial block and surrounding areas are considered by the Company to be excellent.

Sur American Gold Corporation is a well financed junior exploration Company, with working capital of $3.5 million and trades on the TSX Venture Exchange (Canada) with trading symbol SUR-V.

On behalf of the board of directors

Alicia Nicholson, Director

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