SOURCE: Americas Energy Company

December 15, 2009 10:05 ET

Americas Energy Company Delivers First Production From Upland Church Mine

KNOXVILLE, TN--(Marketwire - December 15, 2009) - Americas Energy Company (OTCBB: AENY), a publicly traded company currently based out of British Columbia, and Americas Energy Company, Inc. ("AECo"), based out of Knoxville, Tennessee, announced today that AECo it has exceeded its expectations on its initial delivery from its Upland Church Surface Mine. AECo is in the process of being acquired by AENY.

"The initial production from our first month's operation was anticipated to be only 4-5,000 short tons. However, Clear Development, our contract miner quite simply did an outstanding job of producing tonnage and exceeded our expectations by nearly double. We delivered approximately 9,000 short tons of coal," stated Chris Headrick, President and Co-CEO of Americas Energy Company.

The mine is located in Bell County, Kentucky on AECo's 1,732+ acre Cardinal lease. AECo plans to produce approximately 12,000 short tons from surface mining and an additional 3-4,000 short tons from auger mining of high-grade specialty coal per month on the Upland Church property.

"Mr. Clear is developing the second pit of coal on the Upland Church property this week and we should see the resulting production in a matter of days," added Mr. Headrick.

About Americas Energy Company

We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the failure to complete the business combination between AECo - Tennessee and AENY - British Columbia, the future market price of AENY common stock and the ability to obtain the necessary financing.

Contact Information

  • Company Headquarters
    Christopher Headrick
    249 N. Peters Rd.
    Suite 300
    Knoxville, TN 37923
    Phone: (865) 238-0668 x 105
    Web Site:
    Email: Email Contact

    Alden Resources, LLC
    332 W. Cumberland Gap Pkwy.
    Suite 100
    Corbin, KY 40701
    Phone: (606) 523-6262