Americas Petrogas Inc.
TSX VENTURE : BOE

Americas Petrogas Inc.
GrowMax AgriCorp.

GrowMax AgriCorp.

April 27, 2010 10:08 ET

GrowMax Retains Advisors for Potash Mine Construction

CALGARY, ALBERTA--(Marketwire - April 27, 2010) - GrowMax Agri Corp. ("GrowMax"), a subsidiary of Americas Petrogas Inc. (TSX VENTURE:BOE), is pleased to announce that it has invited Frank Yu, Mark Malacek and Steven Yee to act as advisors to management on various aspects of GrowMax's plans to develop the Bayovar Potash (and other minerals) Project in Peru.

With international experience, including in Peru, and proven expertise in surface mining applications, mine building and development, senior management expect Mr. Yu, Mr. Malacek and Mr. S. Yee to provide advice on issues related to mine planning, mine building, civil infrastructure development, overland conveying systems, storage and reclaim facilities, mine load-outs, and control systems.

Carlos Lau, Chairman of GrowMax stated, "As we continue development of our Bayovar Project in the Sechura Desert, we require proven technical teams with expertise in actual mine building. After searching for mining experts who could provide GrowMax management advice on engineering and mining infrastructure, we concluded that, collectively, Messrs. Yu, Malacek and S. Yee bring a wealth of experience in this area, including past work for companies such as Newmont, Freeport-McMahon, Cominco and Barrick. They are very experienced mine builders."

About GrowMax

GrowMax is a subsidiary of Americas Petrogas Inc. (TSX VENTURE:BOE) (www.americaspetrogas.com). Americas Petrogas' partner shareholder is Indian Farmers Fertiliser Co-operative (www.iffco.nic.in), the world's largest manufacturer and marketer of fertilizer in the cooperative sector with over 50 million farmers associated with it and five fertilizer plants producing a total of approximately 8.2 million tonnes of phosphate and nitrogen fertilizers.

Highlights of GrowMax's Bayovar potash (and other minerals) brine project:

  • Historical Data -- Historical work on the concession included substantial drilling and coring of wells, sampling, geological mapping and construction of a pilot plant utilizing solar evaporation processing which resulted in the production of high quality potassium chloride (i.e. potash fertilizer).
  • Low Risk and Low Cost -- Relative to other potash projects, Americas believes that its surface brine potash project will involve low operating costs and low capital investment, given that it will apply solar evaporation processing and its proximity to infrastructure including paved roads, fresh water, power, gas and port facilities.
  • Experienced Team -- GrowMax has assembled a seasoned team of professionals with experience in environmental impact assessment, reserves evaluation, mine building, mining infrastructure construction, mineral recovery including recovery of potash applying solar evaporation processing of brines, chemical analysis of brines, and engineering and construction of solar processing facilities.
  • Research Lab -- GrowMax has established an office and research lab in Piura, Peru, which is 20 km from its potash concession.
  • Accessible Markets -- GrowMax's proposed potash plant will serve fertilizer market demand within Peru and in surrounding countries such as Ecuador, Colombia, and Brazil and has 2 nearby ports for export to Pacific Rim markets such as India and China.
  • Secure Surface Rights -- The mineral and surface rights within the 202,000 acre (82,000 hectare or 820 sq. km.) concession have already been secured.
  • Engaged to prepare 43-101 report -- Ercosplan, a German-based consultant, has been engaged to complete a reserve report that is compliant with National Instrument 43-101.
  • Solar Evaporation Processing -- GrowMax's Bayovar potash brine project will utilize solar evaporation processing of mineral rich brines, given its unique location 6 degrees south of the equator in the Sechura Desert on the Pacific Ocean. This location provides the ideal amount of sun and wind for solar evaporation processing.
  • Low Carbon Footprint -- The solar evaporation process involves a low carbon footprint.
  • Additional Potential -- Additional mineral potential such as Phosphate, Calcium Sulphate, Bromine, Lithium, Magnesium Chloride and other potential minerals.

About Americas Petrogas Inc.

Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX Venture Exchange under the symbol "BOE". In addition to its holdings in GrowMax, Americas Petrogas has oil and gas exploration, development and production activities in Argentina.

Certain statements in this Press Release constitute forward-looking statements under applicable securities legislation. These statements include references to construction and development activities, timeline, methods of processing, anticipated levels of risk and cost associated with the Bayovar Project, accessibility of markets, security of surface rights, expectations regarding completion of a report compliant with National Instrument 43-101 and potential for additional minerals. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that construction and/or development will occur or even begin, that risks and costs will not increase substantially, that demand for potash will not decline, that a National Instrument 43-101 report can be completed and that additional economically viable minerals will be found. 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.

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