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

May 15, 2012

Amarillo Receives Encouraging Initial Metallurgical Results From Butia Gold Prospect, Brazil.

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to release the initial metallurgical testwork results on samples of mineralized sulphide drill core from the Butia deposit which is part of the Lavras do Sul project, in southern Brazil. The initial resource estimate at the Butia prospect reported 215,000 ounces of gold indicated from 6.4 MT at 1.05 g/t Au, and 308,000 ounces of gold inferred from 12.9 MT at 0.74 g/t Au using a 0.3 g/t cut-off grade in a NI 43-101 compliant resource independently determined by Atticus Consulting in 2010.

March 28, 2012

Amarillo Gold Discovers Two New Gold Zones at Lavras Do Sul Project, Drills 78 M at 0.94 g/t Au and 20 M at 1.32 g/t Au

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or “the Company”) is pleased to announce the latest results from the ongoing exploration drill program at the Lavras do Sul, Gold Project in southern Brazil.

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 28, 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.