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Monday, November 10, 2003
Americana Gold and Diamond AGDM
AGDM impressive team just signed MOU for 200 million dollars
MORE NEWS THIS WEEK
The following is the news release from AGDM released today 3-month target 2.50

1. This means about 40 mill in net profits or .70 per share with out tax credits

2. 20 million in tax credits to be added for profit from this MOU. This equals 60 million bottom line

3. Current Book 0.72 Shares trading under book Look for 2 times book 1.44 short term

4. Short squeeze about to happen which will make the stock go to possible 3.00

5. 30 million in assets

AGDM's Affiliate Signs MOU for 200 KM Road Link Upgrade

ANTANANARIVO, MADAGASCAR, Nov. 10, 2003 (MARKET WIRE via COMTEX) -- Americana Gold and Diamond Holdings, Inc.'s (AGDM) (AGDM) , affiliate Platinum Works, Inc. (PWI) signed a Memorandum of Understanding with the VICE PREMATURE (Vice Prime Minister's Office) of Madagascar on November 6, 2003 to upgrade the 200 KM Toliary-Ilakaka Road.
VICE PRIMATURE is a Ministry in charge of Economic Programs, Public Works, Public Transportation, and Towns and Country Management for the Government of Madagascar.

VICE PREMATURE and PWI have agreed to work together to upgrade the existing 200 km road link between Toliary and Ilakaka. The upgraded road link will help to support PWI's exploration and exploitation activities for the North Fork 14 Mining Joint Venture at Ilakaka. The project will consist of widening and paving the existing road, rectification of poor alignment, and the construction of bypasses and additional bridges. This is Phase II of a two Phase Project to upgrade the road. Phase I entails bridge construction using ACROW bridges from January to August 2004. Phase II will commence in March 2004 and will be completed over a 3 to 10 year period.

The upgraded link will be designed to handle heavy loads and traffic resulting from the increased exploration and exploitation of Madagascar's natural mineral resources such sapphires by the North Fork 14 Mining Joint Venture.

The North Fork 14 Mining Joint Venture is owned 49% by Americana Gold and Diamond Holdings, Inc. (AGDM) (OTC: AGDM), 34.5% by PWI, 10.0% by Les Pierres Precieuses De Madagascar S.A.R.L., (LPPM) a company incorporated under the laws of the Republic of Madagascar; and 6.5% by North Fork 14 Investment Group, Inc., an Alberta corporation.

Benefits to Madagascar include the safe transportation of dangerous goods (fuel) and heavy equipment, reduction of injuries and deaths from traffic accidents, reduction of vehicle damage from poor road conditions and narrow roads and quicker access to Isalo National Park to promote tourism. The normal 3 to 4 hour trip between Toliary and Ilakaka will be shortened to approximately 2 hours. The upgraded link will also allow larger pieces of exploration and construction equipment to enter the area to facilitate the growing economy of the Ilakaka Region.

The overall budget of the project will be determined after a Route Plan and Design Plan have been established. The estimated costs will range from US$200,000 to US$1,500,000 per linear kilometer depending on whether the section is a simple widening of the road or a new segment of highway.

"This is a major step in ensuring the safe transportation of our supplies and equipment to our operations while at the same time providing safety to the people of Madagascar and the environment" stated Jerry G. Mikolajczyk, President and CEO for Platinum Works, Inc. "We want to mitigate the risk of traffic fatalities and damage to the environment as our fuel tankers and heavy loads travel the highway."

This Memorandum of Understanding (MOU) is one of two involving PWI and the VICE PRIMATURE and is one of twelve signed during a trade mission to Madagascar carried out by the US-Madagascar Business Council (USMBC) from Nov 3-8, 2003. PWI is currently having discussions with the Government of Madagascar to complete outstanding MOU's tabled during the USMBC trade mission.

AGDM is an exploration company, as defined under SEC Industry Guide 7. The Company's mission is to successfully identify, acquire and develop mineral properties with a fast track program to commence mining operations and solid growth through profitable operations. It plans to be in full mining production by the end of 2003.

PWI, a Florida based corporation, is an exploration company, as defined under SEC Industry Guide 7. PWI has other properties in Madagascar and has operations based in the United States, Madagascar, South Africa and Canada in the precious stones and precious metals industry.

AGDM has the option to purchase 100% of the issued and outstanding shares of PWI, with a contemplated closing date of December 31, 2003. PWI has various subsidiaries, which involve operations in the United States, Madagascar, South Africa, and Canada.

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto.

Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the mining and manufacturing operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the company's recent filings. Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an offer to buy the securities of the company described in this Press Release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.

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