News

March 8, 2010

An Update on the Butia Prospect Drill Program, Lavras do Sul

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo”, the “Company”) is pleased to announce the following update for our Lavras do Sul project in the State of Rio Grande do Sul.

February 22, 2010

Todd Bruce Joins Board of Amarillo Gold

Vancouver, B.C., - Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that Mr. Todd Bruce has joined the Board of Directors of Amarillo Gold. Mr. Bruce is well known in the mining and financial communities and the Board of Amarillo looks forward to benefiting from his guidance and knowledge. Mr. Bruce has held senior management and Board positions with Anglo Platinum, IAMGold Corporation and Crystallex. He brings extensive operational and development experience, and will strengthen and broaden Amarillo’s collective board expertise.

From September 2003 to January 2007, Mr. Bruce served as CEO, President and Director of Crystallex International Corporation, Highlights of his tenure included completion of a bankable feasibility study on, and securing an EPCM contract with SNC Lavalin for the Las Cristinas project, financings that raised nearly C$250 million and two drill programs that increased gold reserves at Las Cristinas from approximately 10 million ounces to 17 million ounces.

February 19, 2010

Amarillo presenting core samples at 2010 PDAC Conference

Amarillo will present core from its Lavras do Sul gold deposit at Session A (Sunday and Monday, March 7th - 8th) in Booth #5019.

The Core Shack will be held on Level 700, South Building of the Metro Toronto Convention Centre.

PDAC 2010: International Convention, Trade Show & Investors Exchange Mining Investment Show

March 7 - 10, 2010, Toronto, Canada

Metro Toronto Convention Centre - South Building

January 25, 2010

Update on 2009-2010 drill program at Butia Gold Prospect, Lavras do Sul Project. First hole, Returns 11m @ 2.34g/t Au

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo”) is pleased to announce the following update for our Lavras do Sul project in the State of Rio Grande do Sul.

As detailed in our October 7th news release, Amarillo has mobilized a drill rig on the Butia gold prospect. This drill is now on the sixth hole after recommencing work after the Christmas break. This current drilling program adds to the 6.8km of drilling already completed on the Butia prospect. The purpose is to determine the full extent of the mineralized system with step out drilling and conduct enough infill drilling to determine a first pass resource estimate (approximate 50m spacing between collars). The timing and the amount of drilling to accomplish this is open ended as it depends on the results of the step-out drilling. The more positive results we receive the more work required.