SOURCE: American Resource Technologies, Inc.

October 19, 2007 16:30 ET

American Resource Technologies, Inc. to End Acquisition of Miniature Machine Corporation

LEWISVILLE, TX--(Marketwire - October 19, 2007) - American Resource Technologies, Inc. (formerly Golden Chief Resources, Inc.) (OTCBB: ARUR) (PINKSHEETS: ARUR) announces that after completing its due diligence investigation of Miniature Machine Corporation the Company has elected not to move forward with the acquisition. The acquisition does not currently fit with the Company's objectives and business plan.

About American Resource Technologies, Inc.

The Company is based in Lewisville, Texas. Additional information about the Company is available at www.americanresourcetechnologies.com

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Where this statement includes "forward-looking" statements within the meaning of Section 27A of the Securities Act, the Company desires to take advantage of the "safe harbor" provisions thereof. Therefore, the Company is including this statement for the express purpose of availing itself of the protections of such safe harbor provisions with respect to all of such forward-looking statements. The forward-looking statements in this announcement reflect the Company's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated. In this announcement, the words "anticipates," "believes, "expects," "intends," "future" and similar expressions identify forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that may arise after the date hereof. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this statement.

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