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Amador Gold > Message
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Amador Gold acquires Revell, Norberg properties

Posted by: Red Mars on April 30, 2008 04:13PM

Amador Gold acquires Revell, Norberg properties

Amador Gold Corp (C:AGX)
Shares Issued 117,283,248
Last Close 4/29/2008 $0.22
Wednesday April 30 2008 - News Release

Mr. Alan Campbell reports

REVELL AND NORBERG PROPERTIES ACQUIRED

Amador Gold Corp., subject to regulatory approval, has acquired a 100-per-cent interest in the Revell and Norberg properties. Both properties have the potential to host base metal (nickel or copper/zinc/lead) and gold/silver mineralization.

The Revell property, consisting of 8 claims (114 units) located in the Revell and Hyndman Townships, Kenora Mining Division, is accessible by road and is approximately 50 km southeast of Dryden, Ontario. Consideration for the property consists of $100,000 and 250,000 shares, payable over three years. There is a 2% net smelter return payable, 1% of which may be purchased for $1,000,000.

The Norberg property, consisting of 2 claims (21 units), is adjacent to Amador's East Breccia property located in Norberg Township, Sault Ste. Marie Mining Division. The property is accessible by road and is approximately 65 km north of Sault Ste. Marie. Consideration for the property consists of $42,000 and 195,000 shares, payable over three years. There is a 2% net smelter return payable, half of which (1%) may be purchased for $600,000.

Amador also announces that it has granted 5,231,000 options to directors, officers, employees and consultants of the Company at an exercise price of $0.22 per share for a period of five years.

? 2008 Canjex Publishing Ltd.
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