American United Gold Completes Formal Agreement to Acquire the Daguan Gold Exploration Property.

VANCOUVER, British Columbia -- American United Gold Corporation (OTCBB:AMUG), a global gold exploration company, is pleased to announce that it has completed its due diligence process and entered into a formal agreement to acquire the rights of the Daguan gold exploration property located in Guizhou, China. American United can earn up to an 85% interest in this highly prospective Carlin Style gold target by acquiring 100% of Anderson Gold (China) Inc ("Anderson Gold"). Anderson Gold has created a Chinese Co-operative Corporation named Anderson Gold Limited with the Guizhou Gold Corporation ("GGC"). It has a four year commitment to US$600,000 dollars to the GGC plus a minimum investment of US$1,000,000 to an Exploration Program.

The Daguan Property is located within the Dian-Qian-Gui Golden Triangle (comprising parts of Yunnan, Guangxi and Guizhou provinces) where sedimentary rock-hosted gold deposits were formed in a tectonic and sedimentary environment along the junction between the Yangtze Craton and Youjiang Orogenic Belt. This geological area also is host to Sino Gold's Jinfeng 4.6 million ounce deposit and the properties of South Western Gold. This area has similar geological structures to those found in the Carlin Trend in Nevada.

The Daguan Property covers an area of 19 km2 of a Carlin-style gold target. Local miners have been extracting approximately 2000 tonnes of ore a day from the main mineralized fault which runs directly through the Dagaun Exploration Property. In addition, the small mining operation on the Daguan property indicates a highly prospective target for economic mineralization. American United will maximize its potential gold ore recovery by applying western technology and expertise to the Daguan property.

American United Gold Corporation, Chairman and CEO, Mr. Bill Anderson, states, "Based on our preliminary assessment of the Daguan property, we feel that we have an excellent growth opportunity. With low-cost production, demand for gold in China, the favorable Chinese regulatory climate, and the current gold prices we see immediate positive indicators for the success of American United Gold. To compound our shareholder value, American United Gold is actively evaluating other exploration properties in China and in the Americas to create a portfolio of similar high potential resource based projects."

The American United Gold management team has many years of experience in exploration, financing and development of gold and resource properties across North America and Internationally. American United Gold's strategic objective is to acquire, finance and develop advanced stage gold and precious metal properties in China and the Americas. American United's first project is the right to earn up to an eighty-five percent (85%) interest in the Daguan Property by acquiring 100% of Anderson Gold (China) Inc.