Amarillo Gold Corporation Grants Options

Vancouver, B.C., August 21, 2009 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), announces the granting of Incentive Stock Options to purchase up to 1,070,000 common shares of Amarillo to directors, officers and consultants.

The exercise price of these options has been set at $0.80 and the options expire 2 years after the date of grant.

ON BEHALF OF THE BOARD OF DIRECTORS
AMARILLO GOLD CORP.

Per:        “Buddy Doyle”   
Buddy Doyle, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.