Amarillo Gold Corp.
TSX VENTURE : AGC

Amarillo Gold Corp.

June 11, 2007 09:59 ET

Amarillo Issues Options to New Brazil-Based Exploration Team; Bids Farewell to a Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2007) - Amarillo Gold Corp. (TSX VENTURE:AGC) ("Amarillo" or the "Company") now operates two advanced gold exploration projects in Brazil, Mara Rosa and Lavras do Sul, both with drill-proven gold mineralization. The Company recently completed a $7.5 million financing and has been diligently building a team of Brazilian professionals to operate the drilling and surface exploration programs on these two projects.

The options have been awarded to our new employees in Brazil and to an officer of the Company in Canada. In total 285,000 options have been awarded at an exercise price of $1.35 per share.

The new employees will form a team to take over the Mara Rosa project and to augment the team at Lavras do Sul. The team will consist of a project manager, 3 geologists and a GIS expert. The Amarillo Board welcomes the new team and looks forward to the fruits of their efforts.

The Company would also like to say farewell to Martin Walter, a founder of the Company who has been an active and interested director from its inception in 2003. He departs as other mining interests demand more of his time. The Amarillo Board and staff express their sincere thanks to Martin for his time and efforts with the Company, and wish him every success.

ON BEHALF OF THE BOARD OF DIRECTORS

AMARILLO GOLD CORP.

Per: Buddy Doyle, President



Vancouver Office: Toronto Office:
Suite 2833 595 Burrard St. Exchange Tower
PO BOX 49057 Suite 3680 PO Box 99
Vancouver BC Canada V7X 1C4 130 King Street West
Tel: 1-604-689-1799 Toronto, ON Canada M5X 1B1
Fax: 1-604-689-1899 Tel: 1-416-363-8147
Fax: 1-416-599-4959

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

Contact Information

  • Amarillo Gold Corp.
    Buddy Doyle
    President
    (604) 689-1799
    (604) 689-1899 (FAX)
    Website: www.amarillogold.com