AMARILLO GOLD prime asset is the 100% owned Mara Rosa Gold Project in central Brazil, which contains resources of 1,270,000 ounces of gold in 31MT at 1.30 g/t Au.

NPV 5% @ $1,200Au

US$ 194M

IRR

42%

Payback

2.8 Years

PFS Summary (US$1,200 Au)

Upfront Capex $123M USD
Sustaining Capex $17M USD
Years 1-4 Average Production 144,000 ozs
Average Annual Production 123,000 ozs
Initial Mine Life 8 Years
Operating Cost per Ounce $545 USD
AISC per Ounce $655 USD
Mineable Reserve 1,087,000 ozs

Amarillo Gold also operates an advanced exploration stage project at Lavras do Sul located in southern Brazil. Lavras do Sul is the largest land package (190 sq. km.) assembled in the 300 year history of gold mining in the Lavras area.