Private Placement

Amarillo Gold Corp. (AGC.H) (“Amarillo”) announces a private placement of up to 725,000 units for gross proceeds of $145,000 subject to acceptance by the NEX. Each unit will be priced at $0.20 and will consist of one common share and one share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of 12 months at a price of $0.30 per share.