Share Price: 0.24 · Gold (USD): $1294.90
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Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) Is pleased to announce that the Public Hearing, which is the last major step in obtaining the preliminary environmental license (“LP”) for Amarillo’s Posse gold deposit, was held on February 23, 2016 in the town of Mara Rosa, Brazil. The Public Hearing was conducted and chaired by the Secretariat of Environment, Water Resources, Infrastructure, Cities and Metropolitan Affairs (SECIMA), and also attended by representatives of the Public Prosecutors office, (Ministério Público, “MP”).

More than 600 people attended the hearing in a local church hall including the mayor of Mara Rosa, representatives from, the Department of Mines (DNPM), other authorities, members of religious communities, social organizations, business community, public servants, union representatives and residents of  neighboring cities. and deputies from both the National and Goias congresses. 

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) Is pleased to announce that the date for the Public Hearing has been set for the 23rd of February, 2016. This is the final stage of the process to obtain the preliminary license (LP) for the new mine.  The date was set by the Secretary of Environment, Water Resources, Infrastructure, Cities and Metropolitan Affairs (SECIMA), and has been accepted by the Public Prosecutors office, (Ministério Público, “MP”).

This Public Hearing is a fundamental part of the licensing process and gives the opportunity for local representatives of the stakeholders to hear about the project on an official basis and ask questions if necessary. Apart from local stakeholders, representatives of Amarillo, SECIMA and the MP will be present.

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) in a meeting last week the Company received written notice that the Ministério Público (Ministry Public or Public Prosecutor), (“MP”) had ceased the proceedings regarding the environmental effects of the past mining operations within the Mara Rosa project. The meeting was presided by the Honorable Cristina Emilia Franca Malta. (Hon. Ms. Malta).  

Her Hon. Ms. Malta, considered the investigation into the environmental liability, and the monitoring data presented, had been carried out satisfactorily.  She recommended that the Company representatives continue with the licensing process for the new mine with the Secretary of Environment, Water Resources, Infrastructure, Cities and Metropolitan Affairs (SECIMA).  (SECIMA was called SEMARH in previous news releases; there has since been a name change).

VANCOUVER, BRITISH COLUMBIA -- (Marketwired - July 14, 2015) - Amarillo Gold Corp. (TSX VENTURE:AGC) ("Amarillo" or "the Company") is pleased to announce that Arão Portugal has joined the Company's senior management as Director of Strategy (non-board, Brazil based), effective March 2015. In his new role, Mr. Portugal will be responsible for government and community liaison, with particular focus on expediting the environmental permitting of our Mara Rosa project.

"We are very pleased that Arão has joined us and we are confident that he will be instrumental in advancing our Mara Rosa project and development plans," said Buddy Doyle, Chief Executive Officer. "His extensive experience in startups and external affairs will be a significant addition to our management efforts."

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that it has received the most recent drawdown from its gold-linked credit facility (the “Facility”). The Company entered into the Facility in September last year. The Facility’s purpose is to finance the Company through the current adverse resource market conditions in an innovative way. It has consolidated many of the Company’s obligations into a single structure and it provides a way for the Company to operate and continue with the mine permitting process at our flagship Mara Rosa project.  By entering the Facility the Company has avoided raising funds via the market at a highly dilutive share price. 

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