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Monday, 04/09/2012 3:35:33 PM

Monday, April 09, 2012 3:35:33 PM

Post# of 42940
Amato Completes Sale of Gulf Jensen Prospect


VANCOUVER, BC, April 4th, 2012, Amato Exploration Ltd. (the "Company" or "Amato") (TSX-V:AMT) (http://www.amatoexploration.com) announced today that it has completed the sale of its 100% Working Interest (80% Net Revenue Interest) in the Gulf Jensen Prospect in New Mexico to Calgary based Nueva Oil & Gas Ltd. ("Nueva").

Amato acquired the Gulf Jensen leases during January and February 2011 for US$79,557 and issued 250,000 common shares in the Company. Pursuant to the terms of the sale agreement, Nueva has paid US$110,000 to acquire for all rights, title and interest, which Amato has now assigned. Proceeds from this sale will be added to Amato's general working capital position.

Amato also announces that effective immediately, Mr. Gibson Pierce has resigned as Vice President of Exploration for the company. Mr. Pierce's expertise is in the area of assessing the viability of operating mines, therefore, it was mutually agreed that his services are not required by Amato at this time. Amato's Board would like to thank Mr. Pierce for his service to date and we wish him well in his future endeavours.

About Amato Exploration Ltd.
Amato Exploration Ltd. is a North American exploration company based in Vancouver, B.C., Canada. We are currently focused on exploring for precious metals in Mexico. For more information, please contact: Jim Romano, President & CEO of Amato Exploration Ltd. at 778-898-7917 or Jose Perez, Investor Relations at (604) 833-2068.