American Bonanza Gold Corp.

American Bonanza Gold Corp.

December 21, 2010 09:00 ET

American Bonanza Gold Corp.: Technical Report Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2010) - American Bonanza Gold Corp. (TSX:BZA) ("Bonanza" or the "Company") announces that further to its press release dated December 14, 2010 in connection with the review conducted by the British Columbia Securities Commission (the "BCSC") in respect of the Company's preliminary short form prospectus dated December 8, 2010, the Executive Director of the BCSC has issued a cease trading order to the Company until it remedies a deficiency in its technical report entitled "NI 43-101 Technical Feasibility Report, Copperstone Project, La Paz County, Arizona" (the Report). The Company is currently in the process of remedying this default and expects to file a new technical report shortly. 

The Executive Director of the BCSC has made a determination that one of the authors of the Report was not independent at the time the Report was filed, which would not be in compliance with the requirements of National Instrument 43-101 for a technical report of this nature. The Executive Director of the BCSC has ordered that all trading in securities of the Company cease until the Company files an independent technical report on its Copperstone Gold Project and the Executive Director of the BCSC makes an order revoking the cease trade order.

About Bonanza

Bonanza is working to re-activate mining at the preproduction-stage Copperstone gold mine in Arizona. Bonanza has 130 million shares outstanding and has no debt. For more information please visit Bonanza's website at


Brian Kirwin, President & Chief Executive Officer

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