Affinity Gold Corp. Enters Into Letter of Intent With Peruvian Company to Acquire Mining Concession Rights

LIMA, Peru, Feb. 20  /PRNewswire-FirstCall/ -- Affinity Gold Corp. (OTC Bulletin Board: AFYG) (the "Company") (formerly Syncfeed Inc.) is pleased to announce that it has entered into a letter of intent (the "Letter of Intent") with AMR Project Peru, S.A.C. ("AMR"), a Peruvian company, with respect to the acquisition by the Company of certain mining concession rights held by AMR.  In accordance with the Letter of Intent, the Company agrees to issue 12,000,000 shares of common stock of the Company to AMR in exchange for all legal and beneficial ownership of the mining concession title named "AMR Project" covering 500 hectares and the physical mining concession certificate as evidenced by Certificate No. 7996-2006-INACC-UADA granted to AMR by the Republic of Peru, National Institute of Concessions and Mining Cadastre on December 11, 2006, including all improvements, structures and equipment on and used by AMR on such mining concession rights, being transferred and registered in the name of the Company.

The Company and AMR intend to enter into a more formal asset purchase agreement and other documents as necessary that more fully delineate and formalize the terms of the acquisition.

Mr. Antonio Rotundo, who is the President, CEO, CFO and a director of the Company is also a major shareholder of AMR along with his father, Mario Rotundo, who is the other major shareholder of AMR.

  On behalf of the Board of Directors,

  Affinity Gold Corp.

  Antonio Rotundo
  President and Director



FORWARD-LOOKING STATEMENTS This news release may include "forward-looking statements" regarding Affinity Gold Corp., and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Affinity Gold Corp. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Affinity Gold Corp. does not undertake any obligation to update any forward-looking statement, except as required under applicable law. 

DATASOURCE: Affinity Gold Corp.



CONTACT:  Anastasis Consulting, LLC, [phone], for Affinity Gold

Corp. 

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