Amador Gold Corp.

Published : February 27th, 2009

Drills Gold And Nickel-Copper Targets At Loveland Project

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Re:        News Release - Friday, February 27, 2009
Title:     Amador Drills Gold And Nickel-Copper Targets At Loveland Project

VANCOUVER, BC - Amador Gold Corporation (the "Company') is pleased to announce that a drilling program scheduled to commence in early March will test two new gold discoveries and two historic nickel-copper zones at the Loveland Project near Timmins, Ontario.

Initial exploration and drilling at the wholly owned Loveland Property has focused on the under-explored historic nickel-copper zones. The Cominco Zone contains a non-compliant NI 43-101 resource of 130,000 tons grading 0.68% nickel and 0.73% copper, while the Hollinger Zone contains a non-compliant NI 43-101 resource of 422,000 tons of 0.71% nickel and 0.42% copper.

During the 2008 drill program, new gold mineralization was discovered within a 30-meter section of silicified granodiorite with quartz stringers, and 5% to 8% disseminated pyrite and arsenopyrite. Table 1 shows the mineralized intercepts returned by Discovery Hole LL-08-13.

Table 1

Hole

From (m)

To (m)

Drill Hole Interval (m)

Grade (g/t)

LL-08-13

383.25

391.80

8.55

6.37

 

403.00

413.40

10.40

7.69

 Including

410.30

413.40

3.10

10.39


The gold mineralization intersected by Hole LL-08-13 was discovered approximately 300 meters below surface. In late 2008, surface prospecting yielded a second gold discovery approximately 400 meters southeast of the Discovery Hole mineralization. Two separate grab samples retrieved from outcrops of granodiorite returned values of 8.98 g/t Au and 11.48 g/t Au respectively.

Ongoing drilling is designed to determine whether the newly discovered gold occurrence is the same zone encountered in earlier drilling or part of a multiple vein system. The program is also designed to determine the orientation and extent of the gold mineralization.

In addition to testing the new gold discoveries, Amador will further test the Cominco and Hollinger Zones at depth and along strike. A recent drill hole, LL-08-22, intersected 1.41% copper and 0.98% nickel over a drilled width of 4.0 meters from 488.0 to 492.0 meters. This intersection occurred at about 400 metres vertically below surface and is the deepest intersection to date at Loveland. The results from Hole LL08-22 also indicate that grades may improve at depth as the combined copper-nickel grades of 2.39% are higher than the previously seen average of approximately 1.41% combined copper-nickel.

Amador has completed an airborne VTEM geophysical survey over part of the Loveland Property, including the Cominco Zone and Hollinger zones. The airborne magnetic and electromagnetic (EM) surveys identified both zones, which are located about 1.5 km apart, as well as numerous new targets that appear to be on strike with the Cominco and Hollinger zones.

Management is very encouraged by the new gold discoveries, the newly generated geophysical targets and the potential to expand and upgrade historic resources within the known nickel-copper zones. The large Loveland Property also covers favorable geology that is yet to be explored for its potential to host new gold and nickel-copper targets.

The road-accessible Loveland project is located 35 km from Timmins, one of the largest gold camps in the world with total recorded production of 68.03 million ounces of gold since 1910. Timmins is also a base metal camp and host to the huge Kidd Creek volcanogenic massive sulphide deposit (135.6 million tonnes milled grading 2.31% copper, 6.18% zinc, 0.22% lead and 87.3 grams per tonne silver) located 25 km east of Loveland. The Montcalm nickel-copper deposit presently being mined by Xstrata is situated 35 km west of the Loveland Project.

About Amador Gold

Amador Gold Corporation holds a portfolio of mineral projects in mining-friendly Ontario, led by its flagship Loveland Property near Timmins, where exploration and drilling programs are focused on gold and nickel-copper deposits. The Kell Mine 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 good exploration potential include the Horwood gold property, the Fripp nickel property and the Dale gold property.

Contact Information

Corporate Inquiries: Alan Campbell or Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@amadorgold.com
Website: www.amadorgoldcorp.com
AGORACOM Investor Relations:
Email: AGX@agoracom.com
Website: http://www.agoracom.com/ir/Amador

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.

<

Amador Gold Corp.

EXPLORATION STAGE
CODE : AGX.V
ISIN : CA02264P2008
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Amador Gold is a gold exploration company based in Canada.

Amador Gold holds various exploration projects in Canada.

Its main exploration properties are MASKOOCH, HORWOOD, LOVELAND and SILVERCLAIM in Canada.

Amador Gold is listed in Canada. Its market capitalisation is CA$ 9.6 millions as of today (US$ 7.7 millions, € 6.7 millions).

Its stock quote reached its highest recent level on February 06, 2004 at CA$ 9.69, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Amador Gold has 39 900 000 shares outstanding.

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