Amador Gold Corp.
TSX VENTURE : AGX

Amador Gold Corp.

September 25, 2009 13:01 ET

Amador Gold Corp. Announces Proposed Drilling Plans on Three Timmins Gold Projects

- MASKOOCH PROPERTY (VMS) IN NORTHWESTERN ONTARIO ALSO SLATED FOR DRILLING - HORWOOD PROPERTY HAS NEVER BEEN DRILLED AT DEPTH, NUMEROUS GOLD SHOWINGS AT SURFACE WITH GRAB SAMPLES AS HIGH AS 75.0 G/T GOLD - HORWOOD PROPERTY - SHALLOW DRILLING DONE BY QUEENSWAY MINES IN 1962 TRACED QUARTZ VEIN ON LABBE #1 ZONE ON STRIKE FOR 76.2 METERS (250 FEET) WITH AN AVERAGE GRADE OF 17.49 G/T (0.51 OZ/TON) GOLD OVER 0.91 METERS (3.0 FEET) - LOVELAND GOLD/COPPER/NICKEL PROPERTY - ONLY THREE OF THIRTY-THREE TARGETS DRILL TESTED TO DATE

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company") is pleased to announce proposed drilling plans on four of its Ontario properties. Three of the properties are gold and gold/base metal projects located in the Timmins area and one is a VMS project in north western Ontario.

"The Company has focused on advancing a number of its projects to the drilling stage and we are happy to announce proposed drilling plans for four of these properties," comments Company President, Richard Hughes. "We have spent the last year compiling data from numerous airborne surveys, geochemistry, VLF surveys, prospecting, mapping and sampling programs and have identified numerous targets on each property. The Horwood Gold property, for example, has numerous high-grade gold showings on surface across an approximate four square kilometres. Given other companies' recent successes drilling gold targets at depth along the Destor-Porcupine fault, proposed drilling at Horwood will focus on testing the possibility of a deep-seated gold system."



The proposed budgets for each program are as follows:

Horwood Gold Project: $300,000
Kamiskotia Gold Project: $200,000
Loveland Gold/Copper/Nickel Project: $300,000
Maskooch VMS Project: $300,000


Information for the each specific program will be made available in the near future.

To view a map of the Company's property in the West Timmins Gold District click on the following link:

http://www.amadorgoldcorp.com/i/pdf/TimminsWest.pdf

The Company would also like to announce it has arranged for a private placement of up to 20,000,000 units for total proceeds of up to $1,600,000. The financing will consist of flow through units priced at $0.08 per unit and non-flow through units priced at $0.06 per unit. Each of the units will consist of one flow through or non-flow through common share and one non-flow through, non-transferable share purchase warrant entitling the holder to purchase one additional common share for four years at a price of $0.07 per share in the first year and $0.20 per share for the remaining three years. The Company may give written notice that the Warrants will expire in 30 days if the Company's shares trade at or above $0.40 for 10 consecutive trading days.

In accordance with Exchange policies, finders' fees may be paid on the funds raised. The private placement is subject to regulatory approval.

The Company would also like to announce that, in connection with the closing of the Company's private placement announced on July 2, 2009, the Company paid a finder's fee to Bikramjit Singh Thakral of $15,984 representing 8% of the gross proceeds raised in Tranche 1 of the private placement.

About Amador Gold

Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada. These projects include the Loveland gold-copper-nickel project program and the Horwood gold project.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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