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Re:   News Releases - Wednesday, December 22, 2010
      Amador Gold Amends Private Placement
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VANCOUVER, BRITISH COLUMBIA - Amador Gold Corp. (TSX VENTURE:AGX) (the
"Company") announces that subsequent to its news release of December 9,
2010 and subject to regulatory approval, it has amended the price of
its brokered private placement of flow through shares from $0.20 to
$0.25 per unit. Each $0.25 unit will consist of one flow through common
share and one-half of one non-flow through, non-transferable share
purchase warrant. Each full warrant will entitle the holder to purchase
one additional common share of the Company at a price of $0.30 for a
period of two years from closing the private placement.

The private placement consists of up to 4,000,000 units. The private
placement and any modifications to it are subject to compliance with
applicable securities laws and to receipt of regulatory approval. The
Company may pay finders' fees in accordance with the policies of the
TSX Venture Exchange. A portion of this financing may be non-brokered
with third party investors or brokers.

Proceeds of the financing will be used to undertake drill programs
planned for the Company's highly prospective Dale Gold, Sewell,
Horwood, Loveland and Silverclaim properties located in the Timmins,
Ontario mining area. The Company will be announcing specific plans for
each project shortly.

M Partners Inc. has been retained as lead agent in connection with the
Offering and as financial advisor to explore strategic alternatives for
the Company. M Partners are located in Toronto and Vancouver with over
25 professionals serving the needs of their institutional and retail
clients.

About Amador Gold Corp

Amador holds a portfolio of mineral projects in mining-friendly
Ontario, led by its flagship Loveland Gold Project near Timmins, where
exploration and drilling programs currently underway are focused on
gold and nickel-copper deposits. The Kell property has similar
silver-cobalt-mineralization as the nearby historic Gowganda region,
where approximately 60 million ounces of silver were mined in the early
1900s. Other Ontario projects with exploration potential include the
Horwood, Maskooch, and Dale Gold, gold properties, and the Fripp nickel
property.

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.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information


The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.

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Copyright (c) 2010 AMADOR GOLD CORP. (AGX)  All rights reserved.  For
more information visit our website at http://www.amadorgoldcorp.com/ or
send mailto:info@amadorgoldcorp.com
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