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2010



Announces Progressive IR Consultants Corp as IR Provider and Bruce Korhonen as Manager Corporate Communications

July 28, 2010

AM Gold Inc. (TSX-V: AMG; Frankfurt: AMX) (“AM Gold” or the “Company”) is pleased to announce that it has retained Progressive IR Consultants Corp. (“Progressive”) as its investor relations and corporate communications service provider.  Progressive is a Vancouver, BC, Canada based company owned by Kris Kottmeier, an investor relations professional with over 13 years of experience providing investor relations services for junior public companies.

Progressive has been retained for a period of one year and will be responsible for building AM Gold’s investment audience through the dissemination of corporate data packages, broker presentations, broker communications, mining analyst communications, attending trade shows and handling shareholder enquiries regarding the Company.

Progressive will receive $7,500 (plus HST) per month in remuneration and be reimbursed for all approved expenses.  The Company will grant Progressive stock options to acquire 150,000 shares in the capital of the Company at an exercise price of $0.35.  The options are granted pursuant to the Company’s Stock Option Plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange, which require that options granted to a consultant providing investor relations services must vest in stages over 12 months with no more than one quarter of the options vesting in any three month period.

The Company is also pleased to announce that it has retained Bruce Korhonen as its Manager of Corporate Communications.

Mr. Korhonen brings with him fifteen years of experience in the public markets including senior roles in investor relations, corporate development, marketing, and corporate finance.  Mr. Korhonen has a global network of contacts to aid in raising investor awareness about AM Gold Inc. 

Mr. Korhonen has been retained for a period of six months and will be responsible for developing and coordinating its corporate communications strategies and other administrative functions.

Mr. Korhonen will receive $4,000 (plus HST) per month in remuneration and will be reimbursed by the Company for all approved expenses.  The Company will grant Mr. Korhonen stock options to acquire 150,000 shares in the capital of the Company at an exercise price of $0.35 expiring 60 months from the date of grant.  The options are granted pursuant to the Company’s Stock Option Plan and will vest in accordance with the provisions herein and the policies of the TSX Venture Exchange, which require that options granted to a consultant providing investor relations services must vest in stages over 12 months with no more than one quarter of the options vesting in any three month period.

 

The agreement and grant of options is subject to TSX Venture Exchange approval.

On behalf of the Board: 

“Gerald M. Aberle”
___________________
Gerald M. Aberle
President & CEO
AM GOLD INC.

 

For further information on the Company, please contact David Yeager at Progressive IR Consultants Corporation at 604-689-2881 or by email at or Bruce Korhonen at 604-646-0067 or by e-mail at , or visit our website http://amgold.ca.

This news release has been prepared by management.  The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company’s control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbor.

 
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