Developing Brazil's most robust gold mine.

POSSE MINE METRICS

AFTER TAX NPV5 = $178M
AFTER TAX IRR = 35%
AFTER TAX PAYBACK = 2.2 Years
Cash Cost $545
AISC $627
Mine life 8 years
Average Annual Production: 112,000
Upfront Capex 148M USD

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In an area with excellent infrastructure.
Preliminary license received granting environmental and social acceptance.

Amarillo Gold Corp. is a gold exploration company committed to building shareholder value by focusing on the discovery and development of gold resources in Brazil. The Company’s prime asset is the Mara Rosa Gold Project (100% owned) in central Brazil, which contains resources of 1,250,000 ounces of gold in 25MT at 1.56 g/t Au Measured and Indicated and 300,000 ounce of gold in 8.4MT at 1.26 g/t Au Inferred*.

Amarillo obtained it’s LP (preliminary Licence, Social and environmental acceptance) in 2016 and has been focused on moving the project towards construction by obtaining the LI (Installation license or permission to build) and carrying out, engineering, environmental monitoring and social programs required to achieve this. The Company is one of the few in the world with a permitted, low-cost, 1,000,000 ounce or greater gold deposit in proximity to highway and infrastructure, in a the great mining state of Goias

This is the best time to build, at what management believes is the beginning of a new positive gold price cycle.

Amarillo Gold also operates an advanced exploration stage project at Lavras do Sul located in southern Brazil. Lavras do Sul is the largest land package (190 sq. km.) assembled in the 300 year history of gold mining in the Lavras area. To date Amarillo has tested 5 of the 19 known old workings at Lavras do Sul and 4 of these have returned significant gold values, including the Butia prospect 215,000 ounces of gold Indicated from 6.4 MT at 1.05 g/t Au, and 308,000 ounces of gold Inferred from 12.9 MT at 0.74 g/t Au using a 0.30 g/t cut-off grade.

* A NI 43-101 resource as independently determined by Australian Exploration Field Services Pty. Keith Whitehouse QP April 2017.
** NI 43-101 resource as independently determined by Atticus Consulting in 2010, Anthony Amberg, QP September 2010.