Amador Gold Corp.
TSX VENTURE : AGX

Amador Gold Corp.

October 21, 2010 18:11 ET

Amador Gold Corp. Shareholders Approve Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2010) - AMADOR GOLD CORP. (TSX VENTURE:AGX) (the "Company") is pleased to announce that shareholders of the Company and the TSX Venture Exchange (the "Exchange") have approved the consolidation of the Company's shares on a 17:1 basis. The Company will begin trading on a consolidated basis on Friday, October 22, 2010.

CONSOLIDATION:

At the Company's Special Meeting held on October 18, 2010, shareholders approved a consolidation of its share capital on the basis of one (1) new common share for every existing seventeen (17) common shares (the "Consolidation"). Where the exchange resulted in a fractional share, the number of common shares will be rounded to the nearest whole common share. The Consolidation will enhance the marketability of the common share as an investment and facilitate additional financings to fund future operations. Shareholder and Exchange approval of the Consolidation has been received with the record date set as October 22, 2010. The Company will now have a total of 15,724,462 common shares issued and outstanding.

After reviewing results from its Patent and Sewell East properties and its 50% interest in the Forge Lake and Otter Pond/Hawk Junction properties, the Board of Directors has determined not to continue with its option on these properties.

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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