VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2013) - Amador Gold Corp. (News - Market indicators) (the "Company") is pleased to announce, subject to regulatory approval, the acquisition of a 100% interest in the Tionaga property. The property is located in the West Timmins district, has gold as its primary target, and consists of 135 claim units in Horwood Township.
Consideration for the property consists of $100,000 and 2,000,000 shares, payable over 36 months. There is a 3% net smelter return payable. Up to 1.5% of the NSR may be purchased for $1,000,000 for each 0.5% interest, to a total of $3,000,000 for a 1.5% interest.
The Company also wishes to clarify its news release of February 22, 2013. This release incorrectly stated the maximum number of units issuable in its private placement as 15,000,000; the correct number of units is 5,000,000. The proceeds from this placement will be used to complete property acquisitions in Ontario and for general working capital.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.