Vancouver, B.C., October 12, 2007 – Amarillo Gold Corp. (TSX-V: AGC) (“Amarillo” or the “Company”), announces the granting of Incentive stock options to purchase up to 880,000 common shares of Amarillo to directors, officers and consultants as listed on the attached schedule:
Buddy Doyle Director/Officer: CEO 200,000
Richard Brown Director/ Officer: COO 175,000
Robert Landis Director: Chair 150,000
Waldemar Opalka Director 100,000
Patrick Power Director 100,000
Wayne Acton Officer: CFO 125,000
The exercise price of these options has been set at $1.25 and the options expire 3 years after the date of grant.
ON BEHALF OF THE BOARD OF DIRECTORS
AMARILLO GOLD CORP.
Per: “Buddy Doyle”
Buddy Doyle, President