SOURCE: Amador Gold Corp.

November 26, 2008 13:22 ET

Loveland Project: Gold Discovery at Surface

Prospecting Reveals Second Gold Discovery at Loveland: Winter Drilling to Test Both Gold and Nickel-Copper Targets

VANCOUVER, BC--(Marketwire - November 26, 2008) - Amador Gold Corp. ("Amador") (TSX-V: AGX) is pleased to announce that a recent prospecting program has generated a second gold discovery on the Loveland Property situated 35 km northwest of Timmins, Ontario.

The first gold discovery was found below the Cominco nickel-copper zone, one of two historic nickel-copper zones on the property, in the early fall of 2008. (See Sept. 24, 2008 news release.) The gold mineralization occurs within silicified granodiorite with quartz stringers associated with finely disseminated pyrite and arsenopyrite.

Previously released results from initial drilling of the first gold discovery include:

* Hole LL08-13 intersected gold mineralization near the bottom of the hole and returned 6.37 g/t (grams per tonne) gold over a drilled width of 8.55 meters from 383.25 to 391.80 meters.

* Additional intercepts from Hole LL08-13 include: 6.17 g/t gold over 3.0 meters from 403.0 to 406.0 meters; and 10.39 g/t gold over 3.1 meters from 410.30 to 413.40 meters drilled width.

Follow-up prospecting has led to a second gold discovery south of the Cominco Zone and about 400 meters southeast of the mineralized intercepts in drill hole LL08-13 (see Figure 1).

* Two separate grab samples taken from an outcrop of granodiorite in this area have returned values of 8.98 g/t gold and 11.48 g/t gold.

"Until now we've been working with a gold zone approximately 300 meters vertically below surface," comments John Keating, Amador's V.P. of Exploration. "We are very excited at the new potential with the discovery of the same gold-bearing, rock-type at surface over 400 meters away. Extensive follow-up work is now underway to determine whether or not we are dealing with the same zone, or possibly multiple zones."

Core from previous drilling is being checked for possible other zones of silicified mineralized granodiorite that may not have been sampled. It is not yet known if the zone exposed on surface is associated with the initial gold discovery at Loveland.

As well, all historical work on the property is being compiled to identify any potential trends for gold mineralization. For example, in 1975, Cominco intersected significant gold mineralization over narrow widths in a drill hole located approximately one km southeast of hole LL08-13 (see Figure 1). This and other historical information may provide a guide for future exploration initiatives on the Loveland gold zones.

More drilling is required to determine if the recent surface gold discovery is a new mineralized zone or part of a series of mineralized zones within the granodiorite. kAmador's geological team is re-evaluating a recent IP geophysical survey conducted on the property to determine if the gold discoveries correspond to any chargeability or resistivity signatures.

Amador is continuing to advance two historic nickel-copper zones that are now the most advanced exploration targets on the wholly owned Loveland Property.

* The Cominco Zone, drilled in the 1970s by Cominco (now Teck), contains a historic resource of 130,000 tons grading 0.73% nickel and 0.68% copper that is non-compliant with NI 43-101 disclosure standards.

* The Hollinger Zone, drilled by Hollinger Mines prior to 1975, hosts a historic resource of 442,000 tons grading 0.71% nickel and 0.42% copper that is also non-compliant with NI 43-101 disclosure standards.

Recent exploration and drilling programs have significantly enhanced the potential of these historic targets, situated 1.5 km apart. The Cominco Zone has been extended on strike to about 175 meters and also to depth. Amador is planning a winter drilling program to further test the nickel-copper zones and new gold discoveries, as well as newly generated VTEM geophysical targets at the Loveland Property. The VTEM system is a leading-edge geophysical system that can penetrate several hundred metres of overburden and rock, revealing for the very first time possible base metal mineralization at depth.

Data from the 2008 VTEM survey completed over the Byers and Loveland Township portions of the Loveland Property show the system clearly outlining the two historical mineralized zones as well as additional clusters of conductors in areas where the underlying rock types are unknown due to lack of outcrop and overburden cover.

The Loveland property consists of 1,421 claim units covering 22,736 hectares in parts of eight townships. The road-accessible land package is near extensive mining infrastructure in Timmins, one of the largest gold camps in the world with total combined production exceeding 68 million ounces since 1910. The Timmins camp also hosts the world-class Kidd Creek volcanogenic massive sulphide copper-zinc deposit, 25 km east of Loveland. The Montcalm nickel-copper deposit currently being mined by nickel giant Xstrata is located immediately to the west of the Loveland Property.

Charles Hartley, P.Geo and Peter Caldbick, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for Amador's Loveland Project. Project supervision is by Charles Hartley and the contents of this news release has been reviewed and approved by Peter Caldbick.

About Amador Gold

Amador has assembled a portfolio of more than 20 quality properties of merit in established mining camps and emerging mineral districts of Canada. For further information and maps of the Loveland Property and other active projects please visit the Company's website at www.amadorgoldcorp.com.

Contact Information
Corporate Inquiries:  Alan Campbell or Kevin Hull, Investor Relations
                      Phone:     (604) 685-2222
                      Email:     info@amadorgold.com
                      Website:   www.amadorgoldcorp.com

AGORACOM Investor Relations:  Email: AGX@agoracom.com
Website: http://www.agoracom.com/ir/Amador

Or visit www.smartstox.com/interview/agx to see interviews with company President, Richard Hughes.

To view the diagram, click on the link below or copy and paste into your browser:

http://www.amadorgoldcorp.com/i/pdf/2008-11-26_NRM.pdf

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.

Contact Information