Amalgamated Gold & Silver Inc. Is Pleased to Report the Extension of the Due-Diligence Period for Acquisition of the Mining R...

Amalgamated Gold and Silver Inc. Is Pleased to Report the Extension of the Due-Diligence Period for Acquisition of the Mining Rights to the St. Anthony Mine in Bolivia

MIAMI, FL--(Marketwired - June 04, 2014) - Amalgamated Gold and Silver Inc. (AGS) (PINKSHEETS: BCHS) today announced that they have extended the due-diligence period for acquisition of the mining rights on the San Antonio de Turiri concession in Potosi, Bolivia.

The company has negotiated an extension of the due-diligence period to July 15, 2014. This is to accommodate the assay results and geological report and recommendations of geologist Hernan Uribe.

"Preliminary reports are extremely encouraging and the company is anxiously awaiting the final written submissions", Said Mr. Almero Bourbon, VP of Mining, LATAM for AGS.

Reports and recommendations will be posted on the company website www.ags-inc.co, OTC markets and via press releases.

The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Amalgamated Gold and Silver Inc.80 SW 8 Street, Suite 2000Miami Florida 31330 USAEmail: [e-mail]