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Gold Mining in Brazil News, Information Reports on TSX Venture Miner Company Stocks in Canada

January 28, 2014

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to deliver the following update on the permitting process at the Mara Rosa Project, Goias state.

May 16, 2013

April 29, 2013

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that results of our geotechnical program have been received as part of the feasibility study underway on the Posse gold deposit at the Mara Rosa Project, Goias State, Brazil. 

February 19, 2013

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce the following drill results from infill drilling of the saddle zone within, and immediately beneath, the proposed Posse pit at the Company’s wholly-owned, development-stage Mara Rosa Project in Brazil.

The current Posse deposit optimized pit design is based on an $1100/ounce gold price (see corporate presentation, or the PFS report on Amarillo’s website at www.amarillogold.com). The proposed pit has a notable saddle zone between the deeper southern and northern parts of the pit. A review of the block model showed this saddle zone contained gold mineralization in the Inferred resource category. An infill drilling program was initiated with the intent to convert these Inferred ounces into the Indicated category. This 19 hole drilling program has been completed and the summary assay results are listed in Table One below.

October 11, 2012

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that further positive results have been received from the ongoing metallurgical work being conducted as part of the feasibility study underway on the Posse gold deposit at the Mara Rosa project in Goias State, Brazil.

The Posse gold ore contains a small amount of tellurium which exerts a refractory impact on a subordinate portion of the gold mineralisation unless the telluride is oxidised before cyanidation processing takes place. The Posse deposit was mined in the early 1990’s by Western Mining Ltd. which extracted 380,000t of sulphide ore at an average grade of 2.4 g/t and an average gold recovery of 84%. Western Mining utilised a CIL plant incorporating a pre-cyanide aeration stage using compressed air and an ore grind of 75 microns.