UNITED STATES

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):     January 31, 2013



MAGELLAN GOLD CORPORATION
(Exact Name of Registrant as Specified in its Charter)



       Nevada       

       _333-174287         

    27-3566922    

(State or other jurisdiction
of incorporation)

Commission File
Number

(I.R.S. Employer Identification number)



P.O. Box 114, 60 Sea Walk Drive       

     The Sea Ranch, CA  95497
(Address of principal executive offices)                    (Zip Code)


Registrant's telephone number, including area code:   (707) 884-3766

______________________________________________________

(Former name or former address, if changed since last report)



___

Written communications pursuant to Rule 425 under the Securities Act

___

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

___

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

___

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act








ITEM 2.03

CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBGLIATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT


        Effective August 23, 2011, Magellan Gold Corporation, a Nevada corporation (the “Company”) entered into a loan, evidenced by a Promissory Note (the “Note”) pursuant to which the Company borrowed from its President, John C. Power, the principal amount of $20,000.   The Note is unsecured and is due and payable, together with interest at the rate of 6% per annum on or before January 1, 2013.


Effective January 31, 2013 the Company and John C. Power executed an Amendment No. 1 to the $20,000 Promissory Note modifying the Maturity Date to 30 day’s written demand.



ITEM 9.01:     FINANCIAL STATEMENTS AND EXHIBITS


 

(c)

Exhibit

 

 

 

 

 

Item

Title

 

 

 

 

99.1

Amendment No. 1 to Promissory Note dated August 23, 2011 in favor of John C. Power

SIGNATURES


       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



 

Magellan Gold Corporation

 

 

Date:  January 31, 2013


By:  __/s/ John C. Power___

 

John C. Power, President





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