American Bonanza Completes Property Sale

Funds Received to be Used for Copperstone Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2010) - AMERICAN BONANZA GOLD CORP. (TSX:BZA)(PINK SHEETS:ABGFF)(FRANKFURT:AB2) ("Bonanza") is pleased to announce that it has completed the sale of its eastern Canadian exploration properties to Balmoral Resources Ltd. (TSXV: BAR.H) ("Balmoral"), further to Bonanza's news release of November 4, 2010. Bonanza is in receipt of all proceeds for this transaction. Bonanza will use the proceeds from this transaction to continue development of the 100% owned Copperstone gold mine in Arizona.

Major components of the milling and flotation circuit have been delivered to Bonanza's Arizona based construction contractor's yard in preparation for the commencement of construction. Bonanza recently obtained the federal permits necessary to advance Copperstone to production. Outstanding permits from the State of Arizona are expected to be complete during the first quarter 2011.

About Bonanza

Bonanza is re-activating mining at the preproduction-stage Copperstone gold mine in Arizona. Bonanza has 129 million shares outstanding, and has no debt. For more information please visit Bonanza's website at www.americanbonanza.com.