Amarillo Gold Corp.
TSX VENTURE : AGC

Amarillo Gold Corp.

July 02, 2009 09:01 ET

Amarillo Announces New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2009) - Amarillo Gold Corporation (TSX VENTURE:AGC) ("Amarillo" or the "Company") is pleased to announce that Mr. Michael Durose has agreed to serve as a Director of the Corporation. Mr. Durose combines extensive knowledge of gold mining and gold mining equities with hands on experience in mining finance and exploration geology. In a career spanning nearly twenty years, Mr. Durose has worked as an exploration geologist exploring for base metals and gold in Canada, as a gold equity analyst at Nesbitt Thomson (now BMO Capital Markets), and as senior gold equity analyst at Bunting Warburg (now UBS Securities Canada), Morgan Stanley and Scotia Capital. His analysis and research have provided investors early insight into several successful early-stage ventures, including Arequipa Resources and the related discovery of the world-class Pierina gold deposit now owned by Barrick, and Francisco Gold and the related development of the El Sauzal and Marlin projects currently operated by Goldcorp.

Robert Landis, Chairman of the Board, said: "We are delighted and honoured that Michael has accepted our invitation to join the Board. He brings a wealth of analytic and field experience as well as an in-depth understanding of the capital markets. What is more, he shares our values, in particular our commitment to shareholders' interests and good corporate governance."

Buddy Doyle, President and CEO, said: "Michael will play a critical role in helping to take the Company to the next level. We look forward to the benefit of his counsel in developing our projects and to his expert assistance in getting our story out."

Mr. Durose holds a Bachelors Degree (Honours) in Geology from Carleton University, a Master of Science Degree in Mineral Economics from Queen's University, and a Graduate Diploma in Waste Management and Groundwater Contamination from McGill University. He is a Professional Geoscientist (P.Geo.) registered in the Province of Ontario.

ABOUT AMARILLO:-

Amarillo Gold Corp. is a company focused on the acquisition, definition and discovery of gold resources in Brazil. Its principal projects are the Mara Rosa project in the state of Goias and the Lavras do Sul project in the state of Rio Grande do Sul. The Posse deposit at Mara Rosa was found by an independent 43-101 compliant preliminary economic assessment study carried out by CCIC to contain a 13.5M tonnes indicated resource @ 1.48 g/t Au (643,000 ounces) and a 13M tonnes inferred resource @ 1.26 g/t Au (538,000 ounces). The Company also has a portfolio of earlier stage projects. All properties under Amarillo's management are located in areas of good infrastructure and robust community support.

ON BEHALF OF THE BOARD OF DIRECTORS

AMARILLO GOLD CORP.

Per: Buddy Doyle, President

FORWARD LOOKING STATEMENTS:-

This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company.

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

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