SOURCE: Americas Energy Company

November 17, 2009 09:00 ET

Americas Energy Company - Tennessee Sells First Production of Upland Church Mine

KNOXVILLE, TN--(Marketwire - November 17, 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 has sold the initial mine production from its Upland Church Surface Mine. AECo is in the process of being acquired by AENY. The mine is located in Bell County, Kentucky on AECo's 1,732+ acre lease. AECo plans to produce 15,000 short tons of high-grade specialty coal per month from the Upland Church property.

"The sale of this production from our first mine property to Alden Resources, LLC in Corbin, Kentucky moves us to a new level as a company. We are moving on the acquisition of additional major coal reserves in southeastern Kentucky. Mr. John Gargis, our Executive Vice President, is overseeing the production from our first mine and the acquisition of the additional reserves," said Chris Headrick, President and Co-CEO of Americas Energy Company - Tennessee. Mr. Headrick added, "Based on the marketing success of the coal from our first mine, we have established an aggressive acquisition plan to insure AECo's production capabilities for the foreseeable future."

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

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