VANCOUVER, BC, March 29th, 2011 /CNW/ – Amato Exploration Ltd. (the “Company” or “Amato”) (TSX-V:AMT), (http://www.amatoexploration.com), today announced that it has engaged Jose M. Perez to provide Investor Relations and Corporate Communication services to the Company.

Mr. Perez has over 14 years experience working in the financial industry. He graduated from McGill University in 1996 with a Bachelor of Commerce Degree in Finance and International Business. After graduation he joined Canada Trust as a Personal Banker. In 1997, he moved to Union Securities Ltd., where he worked as a Trader and Investment Advisor. In 2002, Mr. Perez began providing corporate development and investor relations services to reporting and non-reporting companies.

Under the terms of the agreement, Mr. Perez will assist the Company by introducing it to investment dealers, investment advisors and investors, as well as developing and executing its financing plans and strategy. He will also assist in the preparation of promotional materials and news releases. The agreement is for an initial term of three months and may be extended by mutual consent of the parties. In consideration of the services, the Company will pay Mr. Perez a fee of $1,800.00 per month, which will be paid from the Company’s general working capital. In addition, he has been granted Incentive Stock Options to purchase 75,000 shares at a price of $0.13 per share under Amato’s Stock Option Plan, which options vest as to 25% every three months over the first year following the engagement. The Company will also reimburse Mr. Perez for all reasonable out-of-pocket expenses incurred in providing his services to the Company.

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 silver, gold and iron ore in Mexico, and oil & gas in New Mexico, USA. For more information, please contact: Jim Romano, President & CEO of Amato Exploration Ltd. at 778-898-7917 or Jose Perez at 604-833-2068.

DISCLAIMER
This news release contains forward-looking statements which reflect management’s current expectations regarding the Company’s objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. These factors and other risks and uncertainties are discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time, as identified in the Company’s disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise, except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.