Amarillo Gold Corp. (“Amarillo” or the “Company”) (TSX-V AGC) is pleased to announce that, subject to regulatory approval, it will arrange a non-brokered private placement financing (the "Private Placement") of up to 8,000,000 shares of the Company at a price of $0.75 (seventy five cents) per each common share issued in the capital of the Company, for aggregate proceeds of up to $6.0 million. Subject to certain conditions including, but not limited to, the receipt of the approval of the TSX Venture Exchange.