News

July 13, 2005

Amarillo Gold Corp.: Drilling Completed and Samples Sent for Assay at San Antonio Project, Brazil

Amarillo Gold Corp. (NEX:AGC.H)("Amarillo or the Company") announces that the first phase drill program at the San Antonio project in the Goias State, Brazil has been completed and that the core has been logged and split and samples sent off for assay. The drilling was focused on artesanal mining workings located about 50km east of the municipality of Minacu. The workings are now largely abandoned. The previous miners extracted gold from structurally controlled siliceous zones and quartz veins with disjoint pods of sulphide (pyrite, arsenopyrite, chalcopyrite), hosted in stratiform metamorphosed calcareous shales of Proterozoic age. The miners followed these veins to depth using shafts and adits. The gold was extracted by crushing, gravity separation and amalgam. There are no records of the amount of gold extracted.

November 9, 2004

Press Release

The following news release is to provide an update of the activities of Amarillo Gold Corp. (the “Company”) and the status of its Reverse Takeover.

The Company has agreed to a private placement of 4,500,000 units at $0.25 per unit, each unit consisting of one common share and one half of one non-transferable share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share of the Company for an 18 month period at a price of $0.35 per share. The Company will close this private placement in conjunction with the completion of the Reverse Takeover and the move to Tier 2 of the TSX Venture Exchange. The completion of this private placement will provide the Company with sufficient funds to meet the listing requirements of the Exchange with respect to Tier II issuers. A fee or commission will be payable in a cash amount equal to 8% of the proceeds raised and the issuance of warrants to purchase an amount of units equal to 10% of the units sold.

September 22, 2004

Press Release Granted Stock Options

Amarillo Gold Corp. (the “Company”) announces that, subject to regulatory approval, it has granted stock options in the Company to certain of its directors, senior officers and employees for the right to purchase up to 650,000 common shares of the Company at a price of $0.20 per share until September 23, 2009.

August 9, 2004

Press Release Share Halt

Amarillo Gold Corp. (the “Company”) has been advised by the NEX and the TSX Venture Exchange (the “Exchange”) that the acquisition of the Mara Rosa Property, in conjunction with its recent financing activities will constitute a Reverse Takeover as such term is defined by the policies of the TSX Venture Exchange. The shares of the Company have therefore been subject to a trading halt pending Exchange review.

The Company has entered into an agreement dated October 22, 2003 as amended on April 20, 2004, to purchase the Mara Rosa Gold project in Brazil from De Re Holdings Inc. a subsidiary of Metallica Resources Inc. of Toronto, Ontario (Metallica). Metallica is an arm’s length public company which has its shares trade on the TSX and AMEX. The agreement is for the purchase of its wholly owned Brazilian subsidiary (Metallica Brasil Ltda.), which primary asset is the Mara Rosa Gold project located in Goias State in central Brazil. The project encompasses 28,567 hectares within 3 mining leases, 19 exploration permits and 1 exploration application. Local infrastructure is excellent with paved road access to the national capital of Brasilia (350 km) and the state capital, Goiania (300km).