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| |  American Bonanza Gold Corp. (TSX: BZA) is developing and exploring gold projects in pro-mining areas of Canada and the United States. The main objective is to develop the advanced stage 100% owned Copperstone gold property in Arizona where a feasibility study is currently underway with the goal of achieving production by 2010. The Copperstone property contains a 10.7 g/t gold resource with 335,000 ounces of gold in the Measured and Indicated categories and 66,000 ounces of gold in the Inferred category. Drilling in 2008 discovered two new high grade discoveries at Copperstone with the potential to enhance mine economics by expanding the gold resources. The Company is jointly developing the Northway and Vezza deposits with Agnico-Eagle Mines Ltd., and is examining a possible smaller production development at Bonanza's 100% owned Fenelon project in northern Quebec. Bonanza also continues to optimize non-core assets to benefit treasury as with the recent sale of the Taurus project. Bonanza's working capital at December 31, 2008 is $6.4 Million. Bonanza is well financed with no long-term debt and no gold hedges.  For further information call:
Susan L. Bertling, Corporate Communications
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