Amarillo Gold Corp. (the “Company”) announces a non-brokered private placement. The private placement consists of up to 1,000,000 units at a price of $0.20 per unit, for proceeds to the Company of $200,000. The private placement is subject to TSX Venture Exchange approval. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant entitling the holder to purchase one additional common share of the Company for a one-year period at a price of $0.25 per share. The proceeds of the private placement will be used for exploration of the Company’s properties and for general working capital. Finder’s fees or commissions will be payable in accordance with the policies of the TSX Venture Exchange.