The Green Baron Report

Tuesday, August 17, 2010 – Before Market Open

Updated Coverage

“Trading Alert”

Gold American Mining Corp.

“Securing Gold for America”

(BB: SILA - $.85 per share)

John Myers of Myers Energy & Gold Report issues an Urgent New Buy Recommendation on SILA: “Takeover Target! GOLDCORP May Take Over Gold American within 3 Months”

News Released Yesterday: Gold American Mining Corp. Announces Additional Positive Results from High-Grade Guadalupe Property

Today, The Green Baron Report is providing updated coverage of Gold American Mining Corp. (BB: SILA) as a “Trading Alert” due to improving fundamentals, a strong technical picture, and a repeated third party endorsement. On Monday, July 19 we issued our original “Trading Alert” on SILA at .65 per share and it subsequently rallied over the following week to a $1.18 per share up as much as 81%. SILA closed yesterday at .88 and appears ready for another big run at much higher levels.

John Myers of Myers Energy & Gold Report is also alerting his subscribers today that Gold American Mining Corp. is his new buy recommendation that should be accumulated under $1.50 with a 6-month price target of $5 per share. Mr. Myers flat out states, “I have never been more sure than this …” As usual, we have provided part of this report below and you can click the main link at the bottom to view it in it’s entirely.

Independent Third Party “BUY” Recommendation and Alert

Dear Investor,

The party that's just getting started is the gold market. Goldcorp's founder, Rob McEwen recently said on national TV that he believes gold is ultimately headed for $5,000 an ounce, and that it will hit $2,000 an ounce by the end of 2010!

That should make Goldcorp very happy, right?

Well, it would except for one thing. Its El Sauzal gold mine, the largest producer in Mexico with a recent peak production of over 300,000 ounces a year is running out of gold. Gold production for the second quarter of 2009 is down 22%, or 14,600 ounces, from the second quarter of 2008. Goldcorp's El Sauzal gold mine is nearing the end of its very profitable run.

Meanwhile, its nearby neighbor, a tough little company by the name of Gold American Mining Corp (OTCBB:SILA) is estimated to be sitting on as much as $5.8 billion worth of gold and silver on its undeveloped properties.

To me, it's obvious that Goldcorp (NYSE:GG) should make a move for Gold American. The folks at Gold American Mining know this too, and you better believe they're going to play hardball on a takeover price!

Click to read entire Myers Energy & Gold Report recommending SILA

THE GUADALUPE PROPERTY

The Guadalupe property contains two historically significant mines and is located in one of Mexico's oldest mining districts, roughly 5 miles north of the Fresnillo (Proaño) Mine, the world's richest underground silver mine, operated by Fresnillo plc. Roughly 6.8 miles to the southwest of Silver America's Guadalupe Property is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG) and Fresnillo plc, which is known as one of the world's highest grade undeveloped silver resources.

The Property contains greater than 20 known workings as well as two historic mines -- Santa Rita and San Antonio. Historic records containing references to the Santa Rita and San Antonio mines suggest that both mines were important and reached their height of production between 1910 and 1920 but were last in production in the 1980s. The property is completely surrounded by land controlled by Peñoles (either through Fresnillo or other subsidiaries and partners).

ABOUT GOLD AMERICAN MINING CORP.

Gold American Mining Corp. is a publicly traded (OTCBB: SILA) precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations. For more information the Company and its projects, visit Gold American's website at www.gold-american.com.

Contact:

Investor Relations Information:

Toll Free: 1-800-274-3710

DEFINITION: Green Baron “Trading Alert”

"Trading Alert" – A stock introduced to our members supported by research provided by a respected third party. These are companies that we believe are worthy of investment, and we expect a big move up particularly in the extreme short-term. These stocks have not been thoroughly researched by Green Baron staff, and therefore are not supported by a more in-depth profile. Under the sub-section “Trading Alerts” on our website and our reports, we will provide a link to the independent research or BUY recommendation, a short description of the Company, and in some cases, we will conduct a Green Baron audio-taped webcast interview to allow a key person discuss the merits of the Company.

Compensation and Other Disclosures

All material listed within was based upon information supplied by the company or from other sources believed to be reliable. This information contains forward-looking statements that involve risks and uncertainties. A company’s actual results could differ materially from those described within. We recommend you use the information provided as an initial starting point for conducting your own research on these companies in order to determine your own personal opinion before investing. We disclaim any and all liability as to the completeness or accuracy of the information and for any omissions of material facts. Evergreen Marketing, Inc., parent company of The Green Baron Report, has received a total of U.S. $9,000 for its coverage of Gold American Mining Corp. (BB: SILA) in July and August 2010.