AMERICAN NEVADA COMPLETES PAMLICO DRILLING PROGRAM

January 13, 2003 - AMERICAN NEVADA GOLD CORP. (TSX VE:AGN) is pleased to report that is has been notified by American Bonanza Gold Mining Corp. (the Operator"), its joint venture partner, that it has completed the previously announced drilling program at the Pamlico project in the Walker Lane Mineral Belt of Nevada.

January 13, 2003 - AMERICAN NEVADA GOLD CORP. (TSX VE:AGN) is pleased to report that is has been notified by American Bonanza Gold Mining Corp. (the Operator"), its joint venture partner, that it has completed the previously announced drilling program at the Pamlico project in the Walker Lane Mineral Belt of Nevada.

A total of eight holes were drilled, with a combined length of 1,608 feet (490 metres). Of this total 1,120 feet (341 metres) were drilled as reverse circulation and 488 feet (149 metres) were drilled as core through structural target zones. Five drill holes tested the Main Zone mineralization and three holes tested the Central Mine area. Assay results are expected shortly and will be announced upon receipt.

As previously disclosed by the Operator, in the Central Mine area nine channel samples from the B-Zero Adit returned values averaging 20 g/t gold with four of the samples having higher results (67g/t, 34 g/t, 31.5 g/t and 22.3 g/t gold). The gold-bearing vein strikes northerly and dips moderately to the east. It averages 0.6 metres in true thickness but locally exceeds 1 metre in thickness. Two additional nearby areas returned high gold values from vein sampling. One area, 45 metres away, had gold values of 19.9 g/t and 6.2 g/t; the other, 180 metres distant, returned values of 60 g/t and 29.5 g/t gold.

In the Main Zone area, numerous adits and shafts indicate this was the primary historic mining centre, producing over 50,000 ounces of gold. In the Main Zone, previous drilling targeted known productive veins approximately 90 metres down dip from the historic workings. Eight holes were drilled along a 230 metre, roughly linear, fence. Three holes encountered narrow veins approximately 0.6 metres in true thickness, grading 42 g/t, 134 g/t and 700 g/t gold. The first intercept represents a previously unknown vein while the latter two intercepts appear to represent the down dip extension of the known productive veins that were stopped during historic mining.

Additional information about American Nevada and its properties can be obtained at www. americannevadagold.com . For further information, please contact Jeff Sundar at (604) 684-2181.

AMERICAN NEVADA GOLD CORP.

Hari B. Varshney"

Hari B. Varshney
President