September 3, 2015

AM GOLD INC. (TSX-V: AMG; Frankfurt: AMX) ("AM Gold", or the "Company") is pleased to announce that both of the resolutions proposed at its special meeting of shareholders held earlier today (the "Meeting") were approved by 99.9% of the votes cast by AM Gold shareholders.

Sale of the Pinaya Copper-Gold Project

AM Gold shareholders passed a special resolution to approve the sale of Canper Exploraciones S.A.C., a Peruvian subsidiary of AM Gold whose material asset is the Pinaya Copper/Gold Project in Peru's provinces of Caylloma and Lampa, to Kaizen Discovery Inc. ("Kaizen").

The special resolution was approved by 99.9% of the votes cast by AM Gold shareholders. A total of 9,302,192 common shares were voted in favour of the special resolution (two common shares against) representing 61.52% of the total number of common shares AM Gold has issued and outstanding.

The closing of the transaction with Kaizen is subject to a number of closing conditions including (i) approval of the TSX Venture Exchange in respect of both Kaizen and AM Gold; (ii) delivery of a title opinion for the Pinaya Copper-Gold Project acceptable to Kaizen, and (iii) no material adverse effect upon closing for Kaizen, AM Gold or Canper.

Creation of New Control Person

Shareholders also passed an ordinary resolution of disinterested shareholders authorizing (i) the issuance of common shares of the Company to settle certain debt and to certain individuals in a future private placement, and (ii) the creation of a new control person of the Company.

The ordinary resolution of disinterested shareholders was approved by 99.9% of the votes cast by disinterested shareholders. A total of 6,664,364 common shares were voted in favour of the ordinary resolution of disinterested shareholders (two common shares against) representing 53.4% of the number of common shares eligible to vote on the resolution.

Further details on these resolutions are set out in the Company's information circular prepared for the Meeting dated July 27, 2015, copies of which were mailed to shareholders, and filed on SEDAR at www.sedar.com.

About AM Gold Inc.

AM Gold Inc. is a publicly held resource company based in Vancouver, Canada. The company is listed on the TSX Venture Exchange under the symbol AMG and is quoted on the Frankfurt Exchange under the symbol AMX. The company is focused on creating shareholder value through the development of its gold and gold-copper projects in the Yukon and Peru while building a portfolio of quality projects in North and South America.

More information on AM Gold is available at www.amgold.ca.

ON BEHALF OF AM GOLD INC.

/s/ "John Fiorino"

John Fiorino
Chief Executive Officer

For further information on AM Gold, please contact Murray Caruth at 1-604-646-0067 or by email at mcaruth@amgold.ca, or visit AM Gold's website at:http://www.amgold.ca.

Cautionary Statement Regarding "Forward-Looking" Information

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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