Amarillo Gold Corporation ("Amarillo" or the "Company" (AGC.V), is pleased to announce that it has engaged Whittle Consulting (WCPL) to conduct an Enterprise Optimisation study for the Company's flagship Mara Rosa Gold Project in Brazil.

WCPL’s technical experts plan to model the complete value chain of the Mara Rosa Project. Their internal proprietary optimisation tool will then be used to maximise the flow of net cash through the bottleneck(s) in the system, to generate life-of-mine business plans that excel in terms of economic value and any other strategic imperatives including social, political and environmental considerations. WCPL has demonstrated in many such studies that the comprehensive application of their “Whittle Integrated Strategic Planning” approach and concepts can yield improvements in Net Present Value (NPV) of 5% – 35% or substantially more in any mine, even when a number of conventional optimisation approaches have already been applied.

Mr. Rolly Uloth, Executive Chairman, commented, “WCPL identified the Mara Rosa Gold Project as an ideal candidate to apply their methods and proprietary software and we are hopeful that their study will generate additional NPV at the Mara Rosa Gold Project as demonstrated at other mines. This study marks the first step in a series of initiatives that we are planning for Mara Rosa including a Feasibility Study leading up to the application for the Installation Permit (LI).”

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