Amarillo Gold Corp.

Amarillo Gold Corp.

March 17, 2005 18:36 ET

Amarillo Closes Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMARILLO GOLD CORP.

TSX VENTURE SYMBOL: AGC.H

MARCH 17, 2005 - 18:36 ET

Amarillo Closes Private Placement

TORONTO, ONTARIO--(CCNMatthews - March 17, 2005) - Amarillo Gold Corp
(TSX VENTURE:AGC.H) ("Amarillo") announces that it has closed a private
placement of 1,025,000 units at a price of $0.20 per unit for proceeds
to the Company of $205,000. Each unit consists of one common share and
one non-transferable share purchase warrant entitling the holder to
purchase an additional common share at a price of $0.25 for one year.
The shares will be subject to a hold period that will expire on July 3,
2005.

ON BEHALF OF THE BOARD OF DIRECTORS

AMARILLO GOLD CORP.

Buddy Doyle, President



Vancouver Office:- Suite 2833 Three Bentall Centre
595 Burrard St. PO BOX 49057
Vancouver BC Canada V7X 1C4
Telephone: 1-604-689-1799
Fax: 1-604-689-1899

Toronto Office:- Suite 3680 PO Box 99
Exchange Tower
130 West King St
Toronto, On. M5X 1B1
Telephone: 1-416-304-4209
Fax: 1-416-599-4959



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Amarillo Gold Corp.
    Buddy Doyle
    President
    1-604-689-1799
    1-604-689-1899 (FAX)
    www.amarillogold.com