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AM Gold Announces Change Of Auditor

February 28, 2013

AM Gold Inc. (“AM Gold” or the “Company”) announces that, effective February 22, 2013 it has changed auditor from Ken Lee & Company, Chartered Accountants (“Ken Lee”) to DeVisser Gray LLP, Chartered Accountants (“DeVisser Gray”).

At the request of the Company, Ken Lee has resigned as auditor of the Company and DeVisser Gray has been appointed as successor. There were no reservations in Ken Lee’s audit reports for the two most recently completed fiscal periods or for any period subsequent to the most recently completed period for which an audit report was issued preceding the date of Ken Lee’s resignation. There were no reportable events between the Company and DeVisser Gray or between the Company and Ken Lee.

The audit committee and the board of directors of the Company have approved the appointment of DeVisser Gray as successor auditor. In accordance with National Instrument 51-102 - Continuous Disclosure Obligations, a notice of change of auditor together with required letters from the former auditor and the successor auditor have been filed on SEDAR.

ABOUT AM GOLD

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 property is located in central Yukon Territory approximately 55 kilometres northwest of the community of Mayo in the Tintina Gold Belt. The Company’s Red Mountain property consists of approximately 3,600 hectares of contiguous quartz claims. 52 of such quartz claims (1,168 hectares) are held 80% by the Company with an option to acquire 100% ownership and are subject to a net smelter returns royalty and 131 quartz claims (2,430 hectares) are held 100% by the Company. 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 and joint venture 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 605 369 Terminal 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 [email protected], or visit AM Gold’s website at: http://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 meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. 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 materially, 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 update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 
     
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