Received by email:

File: AM Gold NR - July 30 2014 - Final.docx

Vancouver, British Columbia                    July 30, 2014

For Immediate Release


AM GOLD OPTIONEE ROKMASTER MOBILIZES DRILL EQUIPMENT TO PINAYA 

AM Gold Inc. (TSX-V: AMG; Frankfurt: AMX) ("AM Gold" or the "Company") is pleased to announce that the Company's Optio
--->nee Rokmaster Resources Corp ("Rokmaster") has notified AM Gold that they have commenced mobilization of all drill equ
--->ipment and supplies from Lima to its Pinaya Copper-Gold project site in Peru.  

Rokmaster's news release announcing the above can be found under Rokmaster's SEDAR profile.
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 focus
--->ed on creating shareholder value through the development of the Company's gold and gold-copper projects in the Yukon a
--->nd Peru while building a portfolio of quality pipeline projects in North and South America.  The Company's Red Mountai
--->n gold property is located in central Yukon Territory approximately 55 kilometres northwest of the community of Mayo i
--->n the Tintina Gold Belt.  The Company's Red Mountain gold property consists of approximately 3,600 hectares of contigu
--->ous quartz claims.  52 of such quartz claims (1,168 hectares) are held 100% by AM Gold subject to a net smelter return
--->s royalty. AM Gold may reduce the NSR payable on the 52 quartz claims from 2% to 0.5% by agreeing to pay $1,000,000 fo
--->r the first 1% of the NSR and $750,000 for the second 0.5% of the NSR at any time, at AM Gold's discretion.  An additi
--->onal 131 quartz claims (2,430 hectares) are held 100% by the Company with no NSR. AM Gold's Pinaya gold-copper project
---> is located approximately 775 kilometres southeast of the city of Lima, Peru in the Tintaya Gold Belt.  Subject to the
---> option agreement between the Company and Rokmaster Resources Corp., the Company maintains 100% ownership of 35 mining
---> concessions covering the 19,200 hectare Pinaya land position.  AM Gold's corporate offices are located Suite 605 - 36
--->9 Terminal Avenue, Vancouver, British Columbia, V6A 4C4 (phone: 604-646-0067).
ON BEHALF OF AM GOLD INC.
(signed) "John Fiorino"  
John Fiorino Chief Executive Officer
AM GOLD INC.
For further information on AM Gold, please contact Murray Caruth at 1-604-646-0067 or by email at mcaruth@amgold.ca, o
--->r 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 meani
--->ng of applicable securities laws. Forward-looking statements and information can be identified by the use of words suc
--->h as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statement
--->s that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be a
--->chieved.  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 mat
--->erially, 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 updat
--->e 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 Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this release.