AM Gold Inc. (TSX-V: AMG) (Pink Sheets: ACERF) (Frankfurt: AMX) currently trading under 15 cents with only 68.9M shares outstanding (under $10M market cap) is mathematically the best intrinsic value bargain in the mining sector on a comparative market cap per ounce of gold equivalent and average ore value per tonne basis. AMG.V is currently trading under 3 cents/lb copper in situ (fully diluted); surrounded by majors in Peru it has just shy of 1 million ounces gold and 600 million lbs of copper in situ contained metal across all categories and still open to expansion. The resource area in Peru is within an area that consists of less than 1/200th of their land position of 19,200 hectares. Add that gold to its 1.947 million oz gold inferred resource in the Yukon and AMG.V is trading under $3/oz gold in situ or approximately $2/oz gold equivalent if the copper is taken into consideration.

One would be hard pressed to find a better bargain in the mining sector, Mining MarketWatch Journal provides an in-depth overview of AM Gold Inc.

The full Mining Journal review may be found at http://www.miningmarketwatch.net/amg.htm online.

Shares of AMG.V now offer one of the best vehicles for investors seeking serious intrinsic value. AMG.V now has ~4 million ounces in gold and gold equivalent along with strong growth prospects on two fronts;

1) 100% owned Pinaya gold-copper deposit in Peru: AMG.V was first to the region and now finds itself surrounded by majors. BHP Billition, IAMGOLD, Newmont, Teck and Vale have in more recent times positioned themselves within the area. The Pinaya gold-copper project possesses potential for a very large bulk tonnage, is favorably located, and has no NSR.

The Flagship Peru deposit: ~969,000 oz Gold & 610 million lbs Copper in situ contained metal across all categories & still open to expansion, breakdown is as follows:

Two zone types at Pinaya;
Western Porphyry
- Measured + Indicated Resource : 32.3 Mt @ 0.39% Cu and 0.44 g/t Au
- Measured + Indicated Resource: 452,000oz Au and 280 M lbs Cu
- Inferred Resource : 35.4 Mt @ 0.40 % Cu and 0.27 g/t Au
- Inferred Resource: 307,000 oz Au and 314 M lbs of Cu
Gold Oxide Skarn Zone
- Measured + Indicated Resource : 6.4 Mt @ 0.80 g/t and 0.09% Cu
- Measured and Indicated Resource : 164,000 oz Au and 13 M lbs Cu
- Inferred Resource : 2.4Mt @ 0.60 g/t Au and 0.08% Cu
- Inferred Resource : 46,000 oz Au and 4 million lbs Cu

2) Red Mountain gold project within the Tintina Gold Belt, Yukon: In Q1 2012 AM Gold Inc. released a new NI 43-101 resource estimate on Red Mountain revealing 1,947,000 ounces gold (127 million tonnes grading 0.48 g/t gold inferred). This resource estimate appears to represent just the very tip of the iceberg at Red Mountain as the interpretation of the geophysics indicates the target size is very large and extends to depth. The project is in the same geological belt as Underworld and several very large multi-million oz gold type bulk tonnage open-pit world class deposits including gold producer Kinross's Fort Knox mine and International Tower's 15M oz discovery the Money Knob. The amount of gold AM Gold is amassing in the Yukon is astounding and the project now has the earmark of a potential world class gold deposit in the making with the potential to rival biggest area reference Fort Knox -- AM Gold’s target potential from a comparative exploration viewpoint is 10M oz plus as the published resource constitutes under 5% of that target area. The project contains a large aeromagnetic anomaly and AM Gold Inc. has aggressively taken the project from grassroots with no resource to approximately 2 million oz inferred in under 18 months, all of this accomplished on a modest budget of approximately $5 million. Other leading Yukon explorers have raised in excess of 10 times this budget and to date have not delineated any NI 43-101 resource. All drill hole results from summer 2010 & 2011 exploration revealed a series of successful intercepts that have significantly extended mineralization, now ~1km along strike & 500m across -- Mining MarketWatch Journal extrapolates the results since the last resource calculation and based on being open in all directions and at depth believes that the Red Mountain deposit has the potential to rival some of the largest gold deposits on this belt. It is the long mineralized intercepts that have enabled the company to add a lot of tonnage very quickly and establish gold resource while others have been unable to do so to date.

The full Mining Journal review may be found at http://www.miningmarketwatch.net/amg.htm online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure sections located at the above referenced URLs.

Contact Information:
James O'Rourke
Mining MarketWatch Journal
[email protected]