Gold American News ReleaseForm8-K forGOLD AMERICAN MINING CORP.
29-Dec-2010
Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement.La Escondida Option Agreement
On December 22, 2010, Gold American Mining Corp. (the "Company") terminated thedefinitive option agreement previously reported on the Company's Current Reporton Form 8-K filed with the SEC on August 10, 2010 (the "La Escondida OptionAgreement").
The La Escondida Option Agreement was entered into as of July 27, 2010, withthree individuals, with respect to the Company's acquisition of an exclusiveoption to purchase an undivided 100% interest in two certain mining concessionsin Opodepe Municipality, Sonora State, Mexico, covering approximately 178hectares.
The Company has determined that it will not exercise its option and hasterminated the La Escondida Option Agreement.