MAPLE GROVE, Minn., Nov. 30 /PRNewswire-FirstCall/ -- Affinity Gold Corp. (OTC Bulletin Board: AFYG) ("Affinity" or the "Company") is pleased to announce it has obtained financing of $500,000 through two separate loan agreements to the Company. The Company plans to use the proceeds to acquire the appropriate equipment necessary for setting up operations to extract gold from its Peruvian property. The Company expects to be extracting gold and become revenue-producing once production operations are set up.

Over the last 9 months the Company has made great strides in execution of its objectives with this initial $500,000 financing and completion of the NI-43-101 Technical Report.

In a press release dated November 5, 2009, the Company released its NI-43-101 Report which included the following highlights:

• Combined mineral resource of 2,092,132 ounces of gold
• 61,720,000 tonnes of total mineable material of which 7,720,000 tonnes are of Measured Reserve and Indicated Resource mineable material
• The above 7,720,000 tonnes of mineable material would produce between 60 - 80 ounces per day at a production rate of 2000 TPD

The technical report is available to view in its entirety on the Company's website at www.affinitygold.com.

Antonio Rotundo, President and CEO of Affinity Gold Corp. commented, "We are excited that we now have the financing to begin the initial mining of our property. We are very thrilled now that we can begin to realize what our technical report has stated. We are very pleased to have been able to do this financing on a debt basis and not have to cause our shareholders any dilution."

With this initial financing, the Company expects the Peruvian property to become revenue producing in the very near future. The Company will also continue to source additional financing to expedite the mining of the property. And with further financing, the Company expects to run additional exploration and sampling programs concurrently with the first 2-3 years of production.

About Affinity Gold Corp.:

Affinity Gold Corp. is a mineral exploration and development company engaged in the acquisition, exploration and development of gold mineralization properties internationally. Affinity Gold Corp.'s current primary focus is gold exploration in Peru.

Through its 99.99% owned subsidiary AMR Project Peru, S.A.C., Affinity Gold Corp. is the owner of the mining concession title named "AMR Project" covering 500 hectares and the 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 (the "Mining Concession Rights"), which Mining Concession Rights are located in the Inambari River Basin on the flat plains region at an altitude greater than 1500' and accessible by land and air, in the District of Ayapata, Province of Carabaya, Department of Puno, Peru.

www.affinitygold.com

For further information please refer to the Company's filings with the SEC on EDGAR available at www.sec.gov.

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.

SOURCE Affinity Gold Corp.

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http://www.affinitygold.com