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From: TheSlowLane	11/1/2006 11:45:09 AM
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Amarillo Reports on Successful Warrant Exercise TORONTO, ONTARIO, Nov 01, 2006 (MARKET WIRE via COMTEX News Network) -- Amarillo Gold Corporation (TSX VENTURE: AGC) ("Amarillo" or the "Company") wishes to advise that it recently completed a warrants exercise, which closed on the 23rd of October 2006. In total 3,535,000 warrants were converted to shares, almost all of which were at a price of $0.40, raising in total $1.38 million in funds. These funds will be applied, primarily to our active Brazilian projects, Mara Rosa and Lavras do Sul. ----------- Nice!

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