Gold Mining in Brazil News, Information Reports on TSX Venture Miner Company Stocks in Canada

January 11, 2012

Amarillo Gold Files NI 43 101 Technical Report on SEDAR For Mara Rosa Pre-feasibility Study

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce the filing on SEDAR of a National Instrument ("NI") 43-101 technical report representing the qualifying report for the recently announced Pre-feasibility Study at the Mara Rosa Project located in the state of Goias, Brazil. The report was compiled by Coffey Mining International; the lead engineering firm in the study. Highlights of the Pre-feasibility Study, previously reported by Amarillo on November 27th, 2011, are as follows:

November 27, 2011

Positive Economics from Pre-feasibility Study of Mara Rosa Gold Project Received

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to release the summary economic results derived from a 43-101 compliant, pre-feasibility Study ("PFS") of Amarillo's 100% owned Posse gold deposit in the state of Goias, Brazil. The PFS is being completed by Coffey Mining International, the lead consultant on the project, and will be posted in full on SEDAR within 45 days.

November 15, 2011

Visit Amarillo at the Cambridge House Conference in Montreal Nov.18-19

Please visit our booth at the Cambridge House Conference in Montreal, Quebec,

November 18-19, 2011. (Booth # 27)

September 13, 2011

Amarillo Gold Upgrades Mara Rosa Resource to Measured + Indicated 1.17 Million Ounces at 1.75 g/t Au

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that it has received an updated gold resource calculation for its 100%-owned Posse deposit on the Mara Rosa gold project in Goias State, Brazil. The new gold resource estimate includes the most recent 31 drill holes completed during an 8524 metre definition drilling program. The results are given in Table 1 below and are NI 43-101 compliant.