Multi-Metal Company Exploiting Prominent Ontario Regions

Significant new gold discovery on surface at Loveland (11.48 g\t gold) over 400 meters away from the only other known gold zone (6.37 g/t over 8.55 m & 10.39 g/t over 3.1 m)

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Message: August 19, 2008 Private Placement

August 19, 2008 Private Placement

posted on Sep 02, 2008 11:20AM

(I missed this item - note not in the agoracom's press releases- but is in AGX's web site press release gallery)

Amador Gold Corp. (TSX-V:AGX) is pleased to announce that it has arranged a private placement for up to 4,000,000 units. The financing will consist of both flow-through and non-flow through units priced at $0.13 per unit. Each of the units will consist of either one non-flow through or flow through common share and one non-flow through non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of two years at a price of $0.15 per share.

In accordance with Exchange policies, finders' fees may be paid on the funds raised. The private placement is subject to regulatory approval.

The proceeds of the private placement will be used for general working capital, exploration on the Company's Ontario properties, current property payments and new acquisitions.

About Amador Gold

Amador Gold is well positioned to discover and capitalize on world class gold, silver, platinum, palladium, copper/nickel and diamond deposits. During the last few years the Company has strategically accumulated large land packages in existing mining or mineral districts such as the Abitibi in Ontario. The Company's assets are entirely within Canada, with a strong focus in Ontario. Amador Gold's properties have existing infrastructure and are often within road access to metallurgical facilities to process mined ores.

For further information contact: Alan Campbell or Kevin Hull, Hughes Exploration Group
Phone: (604) 685-2222


http://www.amadorgoldcorp.com/s/News...

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