Amador Gold Corp. Shareholders Approve Consolidation

Amador Gold Corp. (TSXV:AGX) reports that shareholders of the Company and the TSX Venture Exchange have approved the consolidation of the Company’s shares on a 17:1 basis.

The press release is quoted as saying:

At the Company’s Special Meeting held on October 18, 2010, shareholders approved a consolidation of its share capital on the basis of one (1) new common share for every existing seventeen (17) common shares (the “Consolidation”). Where the exchange resulted in a fractional share, the number of common shares will be rounded to the nearest whole common share. The Consolidation will enhance the marketability of the common share as an investment and facilitate additional financings to fund future operations. Shareholder and Exchange approval of the Consolidation has been received with the record date set as October 22, 2010. The Company will now have a total of 15,724,462 common shares issued and outstanding.

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