Amarillo Gold Corporation ("Amarillo" or the "Company") is pleased to announce that it has engaged Whittle Consulting (WCPL) to conduct an Enterprise Optimisation study for the Company's flagship Mara Rosa Gold Project in Brazil.

Toronto, Ontario – January 8, 2018 – Amarillo Gold Corporation (“Amarillo” or the “Company”) (TSX.V:AGC), is pleased to announce the appointment of Mike Mutchler as President & CEO and Director of the Company effective immediately. Rolly Uloth who has held the position as Interim CEO will continue as Executive Chairman of the Company.

Amarillo Gold Corp. (TSX-V: AGC) ("Amarillo or the "Company") announced today that Mr. Scott Eldridge, Chief Financial Officer, has departed the Company effectively immediately.

The Company thanks Mr. Eldridge for his contributions to the Company and wishes him all the best in his future endeavors.

Mr. Hemdat Sawh has been appointed Chief Financial Officer, also effective immediately.

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo or the “Company”) announced today that Mr. Buddy Doyle has tendered his resignation as President & CEO of Amarillo effectively immediately. Mr. Doyle said, “I have spent my career taking projects from discovery to decision to mine and then handing over to a build team. Amarillo’s flagship project, the Mara Rosa project, has reached such a stage that it is now time for Amarillo to assemble the team to commence the build and it is time again for me to pass the baton”.

Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”) is pleased to announce that all resolutions presented at the Company’s Annual and Special General Meeting of Shareholders (the “AGM”) held on September 28, 2017, including the appointment of directors, the appointment of MNP LLP, Chartered Accountants as auditors, the approval of the Company’s stock option plan, the adoption of new company Articles and the adoption of advanced notice provisions, were approved by the shareholders of the Company.

A total of 43,686,072 common shares representing 51.47% of the outstanding common shares were present in person or by proxy at the AGM.