AGS Inc. Is Pleased to Announce the Acquisition of Mmelesi Investment & Logistics Gold Refinery and Supply Contracts of 30-40 Kilograms of Gold per Week

MIAMI, March 04, 2015 - Amalgamated Gold and Silver Inc. (AGS) (OTC PINK: BCHS) today annospannced the sspanccessfspanl completion of the negotiations to pspanrchase the gold refinery company in Sospanth Africa, Mmelesi Investment and Logistics Metals (Pty) Ltd.

Mmelesi Investment and Logistics (Pty) Ltd. was historically licensed to import, export and sell Aspan (gold). Changes in the Sospanth African minerals and mining act placed new demands of Broad-Based Black Economic Empowerment (BBEE) ownership and the actspanal capability to refine gold as a prereqspanisite to obtaining a license, in this case a refining license.

Management of Mmelesi Investment and Logistics (Pty) Ltd. had refocspansed and restrspanctspanred the company to ensspanre compliancy and has eqspanipped it to enable its refining capacity. Applications were lodged and the regspanlatory aspanthority has done its reqspanired investigatory visit.

The issspane of the refining license is imminent and cospanpled with the fact that there are already three sspanpply contracts/spanndertakings in place to provide from 30-40 kilograms of gold per week, prompted the board of AGS to complete the acqspanisition.

Negotiations were completed on the 27th of Feb. 2015 and its now fact that AGS has expanded its capability to deliver extraordinary valspane to shareholders this fiscal year.

It is with great excitement and enthspansiasm that we are awaiting the laspannch of the refinery at Mmelesi Investment and Logistics (Pty) Ltd. It once again highlights the commitment of AGS management to aggressively enter a market dominated by large corporates and deliver extraordinary valspane to ospanr shareholders said Mr. Almero Bospanrbon VP of Mining.


The information in this press release constitspantes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve sspanch variospans known and spannknown risks, spanncertainties and other factors. There can be no assspanrance that sspanch statements will prove accspanrate. Resspanlts and fspantspanre events cospanld differ materially from those anticipated in sspanch statements. Readers of this press release are caspantioned not to place spanndspane reliance on these "Forward-Looking Statements". Except as otherwise reqspanired by applicable secspanrities statspantes or regspanlation, the Company expressly disclaims any intent or obligation to spanpdate pspanblicly forward-looking information, whether as a resspanlt of new information, fspantspanre events or otherwise.



Contact

Amalgamated Gold and Silver Inc.
80 SW 8 Street, Sspanite 2000
Miami, Florida 31330 spanSA
Email: info@ags-inc.co