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AM Gold Inc (2)
Symbol AMG
Shares Issued 15,119,784
Close 2014-09-19 C$ 0.095
Market Cap C$ 1,436,379
Recent Sedar Documents

ORIGINAL: AM Gold reviews force majeure declaration on Pinaya

2014-09-23 19:56 ET - News Release

Received by email:

File: AM Gold - News Release dated September 23, 2014.doc

Vancouver, British Columbia         September 23, 2014
NEWS RELEASE AM GOLD RESPONDS TO FORCE MAJEURE ASSERTION
AM GOLD INC. (TSX-V: AMG; Frankfurt: AMX) ("AM Gold" or the "Company") has become aware of a news release issued by Ro
--->kmaster Resources Corp. ("Rokmaster") on September 22, 2014, announcing that Rokmaster has declared a force majeure un
--->der the Pinaya Option and Joint Venture Agreement dated effective July 16, 2012, as amended effective September 11, 20
--->13, among the Company, the Company's wholly-owned Peruvian subsidiary, and Rokmaster.  Rokmaster has also delivered a 
--->notice of force majeure to AM Gold.
AM Gold is reviewing the factual basis of the force majeure assertion along with all rights and remedies the Company h
--->as available to it in this regard.  The Company will issue a further news release when updates on this matter are avai
--->lable. 
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 the Company's gold and gold-copper projects in the Yukon and
---> Peru while building a portfolio of quality pipeline projects in North and South America. The Company's Red Mountain g
--->old property is located in central Yukon Territory approximately 55 kilometres northwest of the community of Mayo in t
--->he Tintina Gold Belt. The Company's Red Mountain gold property consists of approximately 3,600 hectares of contiguous 
--->quartz claims. 52 of such quartz claims (1,168 hectares) are held 100% by AM Gold subject to a net smelter returns roy
--->alty. AM Gold may reduce the NSR payable on the 52 quartz claims from 2% to 0.5% by agreeing to pay $1,000,000 for 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 additional 1
--->31 quartz claims (2,430 hectares) are held 100% by the Company with no NSR. AM Gold's Pinaya gold-copper project is lo
--->cated 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 conces
--->sions covering the 19,200 hectare Pinaya land position. AM Gold's corporate offices are located Suite 605 - 369 Termin
--->al Avenue, Vancouver, British Columbia, V6A 4C4 (phone: 604-646-0067).
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, 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.


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