SOURCE: AAA Energy Inc.

June 11, 2007 00:01 ET

AAA Energy Inc. Expands Portfolio to Include Large Molybdenum Prospect

RENO, NV--(Marketwire - June 11, 2007) - AAA Energy Inc. (OTCBB: AAAE), a natural mineral resource exploration company that focuses on discoveries in emerging energy frontiers and under-explored resource horizons, is pleased to announce that the management of the Company has recently been approached to acquire a highly prolific molybdenum prospect located in British Columbia.

The Company has entered into a Letter of Intent with George Owsiacki of Victoria, British Columbia, over a group of mineral claims collectively known as the Salal Creek Molybdenum Prospect, located in the headwaters of Salal Creek, a stream which flows into the Lillooet River about 70 kilometers northwest of Pemberton, British Columbia.

The Salal Creek prospect is underlain by a quartz monzonite body, the Salal Creek stock, which covers an area of about 60 square kilometers and is both texturally and compositionally zoned. Molybdenite is concentrated in two zones, one in the northern part of the stock and the other in the southern part. These zones and a number of smaller ones form a discontinuous ring centered on the fine grained/coarse grained quartz monzonite contact.

Originally discovered by Phelps Dodge in 1958, the property has been the subject of much exploration by AMAX, Cerro Mining, Utah Mines and B.P. Minerals.

The Salal mineral claims cover the southern part of a 25 square-mile stock which has the major target on the property, known as Float Creek. This area was never adequately tested due to prior failure to gain access to a suitable location upon which a drill site could be established. The Float Creek area is strategically located on the southwest end of a molybdenum anomaly which measures 2,100 by 5,200 metres. In the past, much of the early drilling was reconnaissance work. The deepest hole was 945 metres, but the best intersections were found in some of the shortest holes which included 0.14 per cent MoS2 over a 3-meter intercept.

Management, led by Dr. Earl Abbott, intends to review available data and maps on the prospect and is currently planning a due diligence site visit in June. Should the due diligence review be positive, the Company intends to formalize their Letter of Intent into a formal mineral property option agreement and begin an aggressive late summer, early fall exploration campaign on the subject property.

Further Information

Please feel free to call investor relations toll-free at 1-877-990-1122 to receive a full corporate investor's package.

About AAA Energy Inc.

AAA Energy Inc. is a publicly traded natural resource exploration company with headquarters in Vancouver, British Columbia and oncoming exploration offices in Calgary, Alberta, and Xian, China. AAA Energy Inc. aims to secure and develop a portfolio of high quality natural and mineral resource properties internationally and in under-explored North American-based resource horizons. The company is currently positioning itself in strategic oil and gas basins located in China and will soon formulize plans to begin exploration of selected prime oil and gas land holdings in the country. AAA Energy Inc. trades on the NASDAQ OTC BB under the ticker symbol: AAAE.

On behalf of the Board

Bruno Fruscalzo, President

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that AAA Energy Inc. can identify and successfully negotiate leases for oil and gas properties in China, and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.

Contact Information

  • Contacts:
    AAA Energy Inc.
    Investor Relations
    Toll Free: 1-877-990-1122