News

October 12, 2005

INCREASE IN PRIVATE PLACEMENT - PRIVATE PLACEMENT FULLY SUBSCRIBED

Further to its previous news releases, Amarillo Gold Corp. (AGC.H) (“Amarillo”) announces that it has increased its private placement to 9,070,000 units at a price of $0.25 per unit, for total gross proceeds of $2,267,500, subject to TSX Venture Exchange acceptance. Each unit will consist of one common share of the Company and one-half of one share purchase warrant, each whole warrant entitling the holder to purchase an additional common share of the Company for a period of one year at a price of $0.40 per share.

September 18, 2005

Amarillo Gold Corp.: Assay Results From San Antonio Project, Brazil

TORONTO, ONTARIO--(CCNMatthews - Sept. 19, 2005) - Amarillo Gold Corp. (NEX BOARD:AGC.H) ("Amarillo or the Company") announces that the assay results for the four-hole drill program have been received for the San Antonio Project in the Goias State, Brazil.

Noteworthy intercepts include, 2m @ 30.9 g/t of silver (Ag) from 14.72m to 16.72m, and 7.6m @ 7.8 g/t silver (Ag) from 47m to 54.6m in the first drill hole. The second drill hole contained 4.06m @ 1.3 g/t of gold (Au) from 10.94m to 15.0m and 4.3m @ 20.9 g/t of silver (Ag) from 6.64m to 10.94m. The fourth drill hole contained, 0.67m @ 2.2 g/t gold (Au) from 32.12m to 32.79m. Drill hole number three did not intercept mineralization.

August 24, 2005

Amarillo's Exploration Strategy On The Mara Rosa Gold Property, Goias State Brazil

TORONTO, ONTARIO--(CCNMatthews - Aug. 25, 2005) - Amarillo Gold Corporation ("Amarillo") (NEX BOARD:AGC.H) is pleased to announce that it is commencing work on the Mara Rosa property. To this effect Amarillo has obtained the services of the consulting group, South American Management ("SAMSA"), to review the historic resource on the Mara Rosa property, and has let a minimum 1000m drilling contract to Blackhawk Drilling to drill test the priority targets generated by this work.

The Mara Rosa property (area 24,600ha) is located near the village of Mara Rosa, in the Goias state of Brazil, about 3 hrs by vehicle north of Goiania, the state capital. Contained within this property is the Posse deposit where previous workers defined a historic gold resource. Exploration potential on the surrounding ground held by Amarillo is also considered good, containing previously uninvestigated artesianal workings and untested geochemical and geophysical anomalies.

July 21, 2005

Amarillo Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 22, 2005) - Amarillo Gold Corp ("Amarillo") (NEX:AGC.H) announces that it has closed a private placement of 724,500 units at a price of $0.20 per unit for proceeds to the Company of $144,900. Each unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase an additional common share at a price of $0.30 for one year. The shares will be subject to a hold period that will expire on November 14, 2005. There are no finder's fees payable.

The proceeds of the private placement will be used for general working capital.