Americas Petrogas Inc.
TSX VENTURE : BOE

Americas Petrogas Inc.

October 29, 2009 09:25 ET

Americas Petrogas Receives Public Deed for Title of Medanito Sur Block

CALGARY, ALBERTA--(Marketwire - Oct. 29, 2009) - Americas Petrogas Inc. (TSX VENTURE:BOE) ("the Company" or "API") is pleased to announce that its wholly owned subsidiary, Americas Petrogas Argentina S.A., has signed and received, along with its partners, the PUBLIC DEED required to obtain TITLE over the Medanito Sur concession that was granted by DECREE by the Argentinean province of La Pampa in July, 2009. This DECREE legally incorporates the Company as a Partner and Operator on the Medanito Sur Block.

The Company is in the last stages of installation of production and gathering facilities on its Medanito Sur Concession (please visit "Medanito Sur-Latest Photos" at www.americaspetrogas.com). These production facilities are expected to be completed in November 2009. The Medanito Sur block covers an area of 106 sq km and has major producing oilfields to the west, as well as other producing oilfields to the north and south. API, as Operator, is entitled to receive a minimum of 70% of the cash flow until recovery of capital expenditures.

Mr. Guimar Vaca Coca, Managing Director in Argentina congratulated API's team for working diligently towards this final signing and towards production start up.

Mr. Carlos Lau, Chairman and Barclay Hambrook, President wish to thank all investors in API for their confidence in the Company.

Certain statements in this Press Release constitute forward-looking statements under applicable securities legislation. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels and timing of activity and achievements to differ materially from those expressed or implied by such information.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.

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