Corporate Profile

AM Gold Inc. is a publicly held resource company with a focus on gold and copper projects in Peru. Shares of AM Gold are listed on the Toronto Venture Exchange under the symbol “AMG” and the Frankfurt Exchange under the symbol “AMX.”

AM Gold’s key project, Pinaya, is one of Peru’s premier gold and copper exploration properties. The project, located in southern Peru, lies approximately 110 kilometres northeast of Arequipa, Peru’s second largest city, and just 100 kilometres south of Xstrata PLC’s Tintaya mine, one of the country’s largest copper producers. Pinaya is 100% controlled by AM Gold and consists of 28 contiguous mineral claims totalling approximately 14,000 hectares (~140 km²).

The Pinaya Project was acquired by AM Gold in 2004 and exploration commenced immediately. In 2006, based on the first 70 exploration holes drilled, AM Gold reported an initial NI 43-101 resource estimate. By that time the project hosted an Indicated Resource of 29.13 million tonnes grading 0.53 g/t gold and 0.42% copper and an Inferred Resource of 12.72 million tonnes grading 0.41 g/t gold and 0.41% copper. This equates to approximately 498,000 ounces of gold and 269,000,000 pounds of copper in the Indicated category, and 168,000 ounces of gold and 115,000,000 pounds of copper in the Inferred category.

Subsequent to this report and by January 2008, AM Gold has completed an additional 79 holes bringing the project totals to more than 40,000 meters and 149 holes. Drilling since the release of the initial resource estimate continues to define and expand the deposit.

AM Gold believes that there is great potential to expand the current resource base and prove up a major deposit at Pinaya. The company’s exploration efforts are bolstered by robust prices and fundamentals for metals, particularly gold and copper, where demand continues to exceed mine supply.