AM Gold is a resource company focused on creating shareholder value by exploring for precious and base metals, with the goal of defining gold/copper deposits at its Pinaya Project* in Peru, South America and its Red Mountain property** in Canada’s Yukon Territory.

The Red Mountain Project is located 55km northwest of Mayo and lies within the Tintina Gold Belt.  This belt extends across the central Yukon Territory and Alaska and contains several large producing and developing properties, as well as a host of evolving gold prospects.  Intense exploration in the Yukon region has been spurred by Underworld Resources’ discovery (recently acquired by Kinross), Dublin Gulch Eagle Gold Project, owned by Victoria Gold (just 29 km east of Red Mountain); as well as ATAC’s Rau discovery north-east of Keno Hill, and Kaminak.

The Pinaya Project, is located approximately 110 km northeast of Arequipa, Peru’s second largest.  Regionally, Pinaya is located within the Andahuaylas-Yauri metallogenic belt which hosts the Tintaya Mine (Xstrata PLC), the Las Chancas deposit (Southern Peru Copper Corporation), the Las Bambas deposit (Xstrata PLC), as well as numerous other copper-gold-molybdenum porphyry and skarn occurrences. The Pinaya Project consists of 35 mining concessions covering 19,200 hectares. 

*AM Gold maintains 100% ownership of the Pinaya concessions subject to a $26,000,000 option and joint venture agreement between AM Gold and Rokmaster Resources Corp., whereby Rokmaster has the option to earn up to a 75% interest in the concessions.

Under the terms of the agreement, Rokmaster has the option to earn an initial 51% interest in the Pinaya Property by paying to AM Gold a total of $2,900,000 (of which Rokmaster may elect to pay $500,000 with common shares of Rokmaster), incurring an aggregate of $12,100,000 in exploration work on the Property (“Expenditures”) and completing a minimum of 10,000 meters of drilling on the Property, within four years of the date of receipt of approval by both Rokmaster and AM Gold from the TSX Venture Exchange (the “Exchange”) to this transaction (the “Effective Date”). TSX Venture Exchange approval was received on September 5, 2012.

Rokmaster has the option to earn an additional 24% interest in the Pinaya Property by paying AM Gold an additional $1,300,000 (of which Rokmaster may elect to pay $500,000 with common shares of Rokmaster), completing a Preliminary Economic Assessment on the Property, and incurring no less than an additional $9,700,000 in Expenditures, all within 5 years of the Effective Date.

After Rokmaster has earned either a 51% interest (and elected not to earn an additional 24% interest in the Property) or earned a 75% interest in the Property, Rokmaster and AM Gold will form a joint venture (the “Joint Venture”).  Any party whose interest in the Joint Venture dilutes below 10% will have its interest converted into a 3% net smelter returns royalty (“NSR”) which NSR may be reduced from 3% to 2% by paying the NSR holder $2,000,000, and which NSR may be further reduced from 2% to 1% by paying the NSR holder a further $5,000,000.

For further details, please see AM Gold’s news release dated July 17, 2012 available at www.sedar.com.

About Rokmaster Resources Corp.

Rokmaster's management, board of directors and advisors have extensive mine building experience within Peru. Most recently and notable Mr. Feisal Somji a director of Rokmaster was the founder, President and CEO of Rio Alto Mining Limited (TSX: RIO) which optioned the brownfield La Arena Gold/Copper project from IAmGold in Peru and advanced it right through to production in approximately 2 years. Rokmaster is expected to provide additional resources and expertise to further explore and develop the Pinaya Project.

**The Red Mountain Project consists of 183 contiguous quartz claims (approximately 3,600 hectares).  52 of the quartz claims (1,168 hectares) are held 80% by AM Gold with an option to acquire 100% ownership and are subject to a net smelter returns royalty and 131 of the quartz claims (approximately 2,400 hectares) are held 100% by AM Gold.  The final payment ($50,000 and 450,000 shares or $450,000, at AM Gold’s discretion) to acquire ownership is due in August 2013. 

For further details, please see AM Gold’s news releases dated August 23, 2010 and August 10, 2012 available at www.sedar.com.

Dr. Stewart A. Jackson P.Geol., P.Geo, a director of AM Gold Inc., is a Qualified Person under National Instrument 43-101 and has reviewed and approved the technical disclosure contained herein.