SOURCE: Amador Gold Corp.

February 29, 2008 09:00 ET

Amador Intersects 12.35 Grams per Tonne Gold Over 2.4 Metres on New Gold Zones on Horwood Project

VANCOUVER, BC--(Marketwire - February 29, 2008) - Amador Gold Corp. (TSX-V: AGX) ("Amador") is pleased to announce the results of diamond drilling on the Horwood Gold Property, approximately 75 kilometers southwest of Timmins, Ontario. The style of gold mineralization discovered is similar to deposits in the Timmins gold mining camp where over 60 million ounces of gold have been produced.

Drilling tested the 3 new gold zones (Gabbro, Bend and Quartz Blowout gold zones) that were first discovered late last year and earlier this year by trenching. Gold occurs as high grade and low grade disseminated mineralization over large areas that have been trenched. The 2 largest gold bearing trenched areas range in size from 30 to over 60 metres in width. The strike length is unknown as the zones trend into swamp and thick overburden. The 2 largest discoveries appear to be on strike with one another and are about 500 metres apart. All zones are open in all directions.

Ten diamond drill holes (AGX - 4 to AGX - 13) were drilled on the gabbro zone, and 8 holes (AGX - 14 to AGX - 21) were drilled on the Bend and Quartz Blowout zones. AGX - 4 was the first hole drilled. Assay results are pending for drill holes AGX - 16 and AGX - 18 to AGX - 21.

Drilling has confirmed the presence of a series of anomalous gold mineralized (in the ppb range) zones occurring over wide areas ranging up-to 160m of core length. The anomalous gold mineralization is associated with carbonatized, silicified and pyritiferous alteration in mafic flows (locally pillowed) and mafic intrusives. Within these wide zones there are enechelon stacked quartz carbonate veins where the gold appears to be more concentrated. These veins range in grade and size from 0.71 g/t gold over 5 metres to 12.35 g/t gold over 2.4 metres (see attached table for assay results of vein systems). Most encouraging is how gold mineralization is not restricted to the enechelon stacked quartz vein systems but also occurs in altered wallrock.

Over 90% of the Horwood Property is covered by overburden. Amador plans to continue drilling on strike of the gold zones to identify areas where the gold may be concentrated into high grade ore shoots or wide low grade zones amenable to open pit mining, similar to Timmins. Ground and recently flown airborne VTEM geophysical surveys will be used to help guide the drilling to test structural and geological traps where gold grades may increase.

The considerable width of these anomalous gold zones combined with their strike potential makes the Horwood Project a very favourable new gold exploration play close to Timmins, one of the largest gold mining camps in the world. Government airborne geophysics combined with surficial prospecting suggests that structures influencing gold mineralization may be traced for over 6 km along strike on the Horwood Property.

Peter Caldbick, P.Geo., and Charles Hartley, P.Geo. are the qualified people for the purposes of National Instrument 43-101 for the Company's Horwood Project. Project supervision is by Charles Hartley and the contents of the press release have been reviewed and approved by Peter Caldbick.

About Amador Gold

Amador Gold is well positioned to discover and capitalize on world class gold, silver, platinum, palladium and diamond deposits. During the last couple of years the Company has strategically accumulated large land packages in existing mining or mineral districts such as the Abitibi in Ontario. The Company's assets are entirely within Canada with a strong focus in Ontario. These properties have existing infrastructure and are often within road access to metallurgical facilities to process mined ores.

AMADOR GOLD CORP.

On Behalf of the Board of Directors
/s/ Richard Hughes
Richard W. Hughes, President

This document contains certain forward-looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

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

HORWOOD GOLD PROJECT:

                       HORWOOD GOLD PROJECT
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 Drill Hole  From    To     Drilled    Au  Grid Location(m)  Az/Dip
                                       ---------------------
             (m)    (m)    width (m)   g\t   Line  Station
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                            GABBRO ZONE

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DDH AGX - 4   17.30  18.30     1.00     2.27  0+60W   8+40S   165/-45
              64.90  65.60     0.70     4.03
              81.50  82.10     0.60     1.29
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DDH AGX - 5   12.20  12.90     0.70     3.49  0+60W   8+40S   160/-65
              15.40  15.90     0.50     4.58
              23.00  24.30     1.30     2.32
              66.00  66.80     0.80     3.80
             123.30 124.00     0.70     2.80
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DDH AGX - 6   26.00  27.00     1.00     1.40  0+60W   8+65S   160/-45
              55.40  56.20     0.80     1.86
             117.70 119.20     1.50     1.67
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DDH AGX - 7   88.00  89.50     1.50     3.60  0+00    8+75S   160/-45
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DDH AGX - 8  160.00 160.60     0.60     2.39  0+00    8+75S     0/-90
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DDH AGX - 9   66.90  68.20     1.30     2.85  1+00W   8+50S   160/-45
             155.50 156.50     1.00     1.41
             161.70 162.30     0.60     2.31
             195.30 198.00     2.70     1.96
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DDH AGX - 10 154.70 159.70     5.00     0.71  1+00W   8+49S   160/-45
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DDH AGX - 11  31.20  31.90     0.70     1.22  0+60W   7+90S   160/-45
              35.60  36.10     0.50     1.54
              93.10  94.00     0.90     1.94
             149.30 150.00     0.70     3.11
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DDH AGX - 12  24.00  24.35     0.35    29.20  2+00W   8+75S   160/-45
             166.00 167.00     1.00     1.28
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DDH AGX - 13                             NAA  2+00W   8+25S   160/-45
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                             BEND ZONE
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DDH AGX - 14 170.30 171.50     1.20     2.65  6+00W  10+00S   155/-45
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DDH AGX - 15  21.00  22.00     1.00     1.41  6+00W   8+50S   155/-45
              86.20  86.70     0.50     2.31
             177.00 181.00     2.00     3.64
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DDH AGX - 17 201.10 203.50     2.40    12.35

Contact Information

  • For Further Information Contact:

    The Hughes Exploration Group
    Phone: (604) 685-2222
    Vist Amador's web-site: www.amadorgoldcorp.com
    to see Smartstox interviews with Company President