AGC Amarillo Gold Corporation

Amarillo Gold Corp. (TSX VENTURE:AGC) ("Amarillo" or the "Company") has received
a formal declaration of public support for the development of its Mara Rosa gold
project in Brazil.


In a recent public ceremony in Goiania, the state capital, a Protocol of
Intentions was signed between the government of the State of Goias, represented
by Governor Marconi Perillo Junior and Amarillo, represented by director William
R (Rick) Brown. Co-signatories to the agreement were the state secretaries of
Treasury, Industry and Commerce, Environment and Water Resources and Science and
Technology, the head of the state power authority (CELG) and the mayor of the
Municipality of Mara Rosa.


The statement highlights the principal economic parameters of the Mara Rosa
project, the advantages to the local community and outlines how the municipal
and state authorities can participate in moving the project forward. 


For example, the statement sets out how the governor and state environmental
authority will help expedite the permitting process. Elaborating further it
itemizes how the state, the municipality and Amarillo intend to formulate a plan
to train staff in skills required for the planned mine, that the state power
authority will assist in supplying the required power to the mine, that the
State of Goias will guide the Company to avail itself of certain tax incentives
and possible state debt financing from its various industrial incentive programs
and its development bank. 


Buddy Doyle, President of Amarillo, said, "It is very encouraging for the
Company to see such local and state support for our plan to build a gold mine at
Mara Rosa using the existing apparatus of the law and the state, and we all look
forward to continued harmony and cooperation with the government and people of
Mara Rosa and the State of Goias."


About Amarillo Gold Corp. 

Amarillo Gold Corp. is focused on acquisition, discovery, and definition of gold
resources in Brazil. The Company's 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 contains 1,174,900 ounces of measured and
indicated gold contained in 20.85 MT at 1.75 g/t Au, and 156,400 ounces of gold
inferred from 3.63 MT at 1.38 g/t Au (0.5 g/t cut-off grade) (NI 43-101
compliant resource as independently determined by Australian Exploration Field
Services Pty. AEFS). The Mara Rosa Gold Project has received a positive economic
assessment from a Pre-feasibility study and is preparing to proceed to a
bankable feasibility study. Should this continue to be positive it would be
possible to commence mining by 2015. 


The Posse Deposit was successfully mined by Western Mining Company (WMC) during
the 1990s (mined areas are excluded from the above-stated resource figures), and
is located in an area of excellent infrastructure: approximately 35 km NE of
Yamana's Chapada open pit Cu-Au operation, some 80 km NE of Yamana's Pilar Au
project (in Feasibility), 95 km NW of Votarintim's Niquelandia Ni laterite mine,
105 km from NE of Serra Grande's underground Au mine, and 105 km NNW of Anglo
American's Ni laterite project at Barro Alto. 


The Lavras do Sul Project is an advanced exploration stage property (190 sq.
km.) comprising more than 19 prospects centred on historic gold workings, with
encouraging gold mineralization discovered and defined by more than 16,000
metres of drilling. The initial resource estimate at the Butia prospect reported
215,000 ounces of gold indicated from 6.4 MT at 1.05 g/t Au, and 308,000 ounces
of gold inferred from 12.9 MT at 0.74 g/t Au using a0.3 g/t cut-off grade in a
NI 43-101 compliant resource as independently determined by Atticus Consulting
2010. Lavras do Sul is also located near excellent infrastructure. The Company
also has a portfolio of earlier stage projects and all properties under
Amarillo's management are located in areas of good infrastructure and
mining-friendly communities.


ON BEHALF OF THE BOARD OF DIRECTORS

AMARILLO GOLD CORP.

Per: "Buddy Doyle"

Buddy Doyle, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 



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. Permission from the Government and community is
also required to proceed with future mining production. Readers should review
risk factors applicable to junior mining exploration companies generally to
understand the variety of risks that can affect the Company.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Amarillo Gold Corp.
+ 1-604-689-1799 (Canada)
+55-31-3261-5974 (Brazil)
info@amarillogold.com

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