Amador Gold Corp.

Published : March 02nd, 2009

Revamps Property Portfolio

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Re:        News Release - Friday, February 27, 2009
Title:     Amador Gold Corp. Revamps Property Portfolio

VANCOUVER, BC -- Amador Gold Corp. (TSX-V: AGX) has completed an extensive evaluation of its property portfolio and is taking steps to conserve cash and focus its working capital on key projects in 2009. The Company held 30 properties in established or emerging mineral districts of Ontario, however ten were relinquished in response to current market conditions: Armstrong Lake, Connor Creek, Gogama Moly, Gould Copper Mine; Hunter Gold; Meggisi Lake Moly, Meteor Lake, Owl Lake, Patent, Revell and Willett.

Amador has also renegotiated agreements related to nine of 19 properties with outstanding payments, including the East Breccia agreement, and plans to renegotiate similar terms for other projects wherever possible. The reduced payments, financial commitments and number of projects will better position the company to focus on its core projects, specifically the Loveland Gold Project and weather a period of weak equity markets.

Chairman and CEO Richard Hughes said Amador will continue to explore its flagship projects in 2009. In 2008, the Company encountered exceptional success at the road-accessible Loveland Project, situated just 35 km from the world-class Timmins mining camp. Ongoing work programs are focused on further exploring two nickel-copper zones with historic resources along strike and at depth, and defining several newly discovered gold targets.

Subject to regulatory approval, the Company plans to lower the price of options that expire from Feb. 2011 through April 2013 (currently priced between $0.12 and $0.22) to $0.10.

Amador Gold also announces it has granted 3,350,000 stock options to directors and officers of the Company and 4,250,000 stock options to employees and consultants at a price of $0.10 per share for a period of five years.

About Amador Gold

Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada. For further information and maps of the Loveland Gold Project and other active projects please visit the Company website at www.amadorgoldcorp.com.

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.


Copyright � 2009 AMADOR GOLD CORP. (AGX) All rights reserved. For more information visit our website at http://www.amadorgoldcorp.com/ or send email to info@amadorgoldcorp.com ..
Message sent on Mon Mar 2, 2009 at 8:52:06 AM Pacific Time
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Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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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In the News and Medias of Amador Gold Corp.
5/16/2009Amador Gold Corp announces update on exploration at Jessop G...
Annual reports of Amador Gold Corp.
2007 Annual report
Financings of Amador Gold Corp.
2/22/2013Private Placement
6/14/2011Warrant Amendment & Extension
Project news of Amador Gold Corp.
5/4/2011to follow up on SILVER CLAIM drill intercept of 221 g/t Silv...
4/1/2011(Silverclaim)Silverclaim Exploration Highlights
1/7/2010(Loveland)Commences Drilling on Loveland Gold/Copper/Nickel Project
11/23/2009(Maskooch)Commences Drilling On The Maskooch Lake Property
11/4/2009(Horwood)Commences Drilling on Horwood Gold Property in West Timmins ...
10/22/2009(Horwood)Samples 183.5 g/t Gold at Horwood Property
10/1/2009(Jamieson (kamiskotia))ANNOUNCES DRILL PLANS ON HIGH GRADE GOLD TARGET IN WEST TIMM...
9/10/2009(Horwood)SAMPLES 28.87 G/T GOLD AND 26.4 G/T GOLD 950 METERS AWAY FRO...
9/25/2009(Horwood)Announces Proposed Drilling Plans On Three Timmins Gold Proj...
9/8/2009(Horwood)Samples 60.68 g/t Gold, 23.93 g/t Silver and 0.47% Copper on...
8/13/2009(Horwood)Commence Trenching and Stripping Program on Multiple Vein Se...
8/6/2009(Horwood)Samples 75.0 g/T Gold on New Zone at Horwood Property
6/26/2009(Horwood)Horwood Project Update
5/26/2009Intersects Widespread Gold Mineralization on Loveland Projec...
5/21/2009(Loveland)announce a new Ni-Cu discovery on its wholly owned Loveland ...
5/20/2009(Horwood)SAMPLES 17.3, 19.68 AND 22.72 G/T GOLD ON HORWOOD PROPERTY
5/15/2009(Loveland)Completes Spring 2009 Loveland Drilling
9/24/2008(Loveland)Makes New Gold Discovery on its Loveland Nickel Copper Proje...
9/4/2008(Loveland)Intersects 1.41% Combined Copper Nickel Over 22.80 Meters on...
5/13/2008(Ajax Property)Drilling Continues on Amador Properties
Corporate news of Amador Gold Corp.
3/11/2013Tionaga Property Acquired
7/15/2009Provides Summary on Ontario Projects
5/15/2009Exploration Update: Jessop Gold Property
3/2/2009Revamps Property Portfolio
2/27/2009Drills Gold And Nickel-Copper Targets At Loveland Project
4/23/2008Retains AGORACOM to Provide Investor Relations, Social Netwo...
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