News

October 12, 2007

Vancouver, B.C., October 12, 2007 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), announces the granting of Incentive stock options to purchase up to 880,000 common shares of Amarillo to directors, officers and consultants as listed on the attached schedule:

Buddy Doyle Director/Officer: CEO 200,000
Richard Brown Director/ Officer: COO 175,000
Robert Landis Director: Chair 150,000
Waldemar Opalka Director 100,000
Patrick Power Director 100,000
Wayne Acton Officer: CFO 125,000
Consultants 30,000
Total 880,000

October 9, 2007

Amarillo Expands Land Position at Mara Rosa

Vancouver, B.C., October 9, 2007 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), has signed heads of agreement with Horizonte Minerals plc regarding a 1,000 hectare block bordered to the east, west and south by Amarillo landholdings at Mara Rosa, Brazil.

The Horizonte ground lies to the south of the Posse gold deposit, along the same structural trend. Initial reconnaissance exploration work performed by Horizonte included stream and soil geochemical sampling, and defined a series of gold anomalies which will now be evaluated by Amarillo.

The Horizonte agreement provides that Amarillo can earn a 60% interest by expending US$400,000 on exploration over the next three years. Subsequent to the earn-in, a 60:40 joint venture agreement would govern the development of any major gold discoveries. In addition, Horizonte will receive a one time cash payment of US$30,000 for data acquisition.

July 22, 2007

Amarillo maps two new prospects at Lavras do Sul, Southern Brazil.

Surface sampling returns multi-gram assays. Accelerates program by mobilizing 2nd drill rig

Vancouver, B.C., July 22, 2007 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) would like to introduce two recently mapped prospects at our Lavras do Sul project: the Paradao prospect and the Aurora prospect. Preliminary surface work has been conducted on both prospects and cursory results are discussed. Additionally, an update of current and future activity on the project is provided.

The Lavras do Sul project comprises several structurally controlled gold mineralized alteration zones hosted primarily in a 10km diameter granite/monzonite/syenite intrusive complex. Two separate gold rushes in the 1880’s and 1930’s occurred in the area and this created numerous workings in the intrusive and nearby surrounding rocks. These old workings are in large part confined to the surface-oxidized zones, however in some cases, pits, shafts and tunnels follow quartz vein systems to greater depths. In the 1980’s, two of these workings, Butiá and Cerrito, were drill tested. Amarillo has since followed up with a single rig on site as of November, 2006. Ten holes concentrated on confirming and extending the known mineralization at Cerrito and Butiá have been completed and results for the first eight holes have been reported in previous news releases.

July 18, 2007

Amarillo provides results from drill holes 4 to 8, focused on the Cerrito prospect, Lavras do Sul.

Vancouver, B.C., July 18, 2007 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) reports the latest drill results from its Lavras do Sul project (“Lavras”) in Rio Grande do Sul, Brazil. Drilling commenced on this project in November 2006, and has continued since with 10 drill holes completed to date. The first three drill holes where drilled at the Butiá prospect and were previously reported. The drill rig then moved to the Cerrito prospect, where drill holes 4 through to 10 have been completed. Assays have been returned for drill holes 4 to 8 and these are summarized in table 1 below.