Amarillo Gold Corporation announced the latest assay results from a regional exploration program confirm the continuity and down dip extensions of the Pastinho Gold Deposit. Pastinho is Amarillo's second primary gold deposit on Amarillo's Mara Rosa Property in Goiás State, Brazil. It is located 3.5 kilometres northeast of the Company's Posse Gold Deposit along the Posse north gold trend. Highlights: The assay results are from nine holes representing 1,564 metres of the 4,000 metres originally budgeted for the 2021 exploration program at Mara Rosa. These results are in addition to the positive assay results from the 15 holes released in September, after which Amarillo expanded its diamond drill program by 3,000 metres. Drillhole 21PTN021 on section line 14 intersected 11.00 metres grading 1.20 g/t gold from 222.0 metres, including 7.00 metres grading 1.81 g/t gold from 220.0 metres. This extends Pastinho to a vertical depth of approximately 200 metres. The deposit remains open at depth. Drillhole 21PTN025 on section line 14 intersected four intervals of elevated gold interpreted to represent parallel gold structures. Highlights include 9.00 metres grading 1.39 g/t gold from 81.00 metres including 4.00 metres grading 2.42 g/t gold from 81.00 metres. There is another one-metre interval from 113.00 metres of greater than 10.0 g/t gold, and 3.00 metres grading 0.52 g/t gold from 145 metres. Discussion of results: Pastinho is located approximately 3.5 kilometres northeast of the Posse Gold Project along the Posse north gold trend. Drilling to date has defined a near surface northeast-southwest trending tabular-shape gold deposit over a strike length of 1,700 metres that dips approximately 60 degrees northwest. The apparent thickness ranges from 5 to 20 metres. Several parallel gold structures have been observed in some places. Pastinho is interpreted to be a mesothermal orogenic gold deposit. The gold is typically associated with highly sheared mylonitic metatonalite and amphibolite rocks. The mylonite has been hydrothermally altered characterized by intense silicification, biotite, carbonate, and 3-5% disseminated pyrite occurring within the foliation of the mylonite. The gold-bearing rocks are like the Posse Gold Deposit. The Pastinho drilling program is designed to expand the strike length and depth potential of the Pastinho discovery and confirm the continuity of gold mineralization. Eight of the nine holes disclosed in returned elevated gold values from section line 10 through section line 26 confirming good gold continuity over 800 metres of strike length. Overall, gold continuity is observed over 1,700 metres of strike length including results from previous drill programs. Drill hole 21PTN019 was drilled off the Pastinho gold trend to the east on section line 39 and therefore is excluded from this interpretation - although anomalous gold values were encountered. Each of the nine drill holes disclosed in this news release intersected multiple gold intervals (between three and five) suggesting several parallel gold structures exist at Pastinho. Importantly, many of these parallel gold structures are wide. For example, 21PTN012 on section line 26 returned 8.00 metres grading 0.77 g/t gold, followed by 2.50 metres grading 0.31 g/t gold, and 7.50 metres grading 0.73 g/t gold. Further work is required to better understand the nature of these parallel gold structures. In addition to lateral continuity, good vertical continuity is developing. For example, on section line 14 drill hole 21PTN021 returned three intervals of gold mineralization highlighted by 11.00 metres grading 1.201 g/t gold at a vertical depth of approximately 200 metres followed by 4.00 metres grading 1.10 g/t gold. Drill hole 21PTN025 was drilled up dip from hole 21PTNH021 and intersected 9.00 metres grading 1.39 g/t gold at vertical depth of about 70 metres, followed by an interval of 3.00 metres grading 0.52 g/t gold. Hole 21PTN001 intersected 12 metres grading 0.78 g/t gold from 23 metres.