SOURCE: AAA Energy Inc.

August 30, 2007 06:00 ET

AAA Energy Inc. Acquires Large Molybdenum Prospect

RENO, NV--(Marketwire - August 30, 2007) - AAA Energy Inc. (OTCBB: AAAE), a natural and mineral resource exploration company focused on discoveries in emerging energy frontiers and under-explored resource horizons, is pleased to announce that further to its news release dated June 11, 2007, the Company has executed a mineral property option agreement to acquire Salal Creek, a highly prolific molybdenum prospect located in British Columbia.

Under the terms of the agreement with George Owsiacki and Garry Payte of Victoria, BC, the Company will pay up to $225,000 in cash and issue up to 500,000 common shares in the capital of the Company in order to exercise its option to purchase the Salal Creek Molybdenum Prospect, located in the Lillooet Mining Division of British Columbia.

The Salal Creek prospect, originally discovered by Phelps Dodge, is underlain by a quartz monzonite body, the Salal Creek stock, which covers an area of about 60 square kilometers. Molybdenite is concentrated in two zones, one in the northern part of the stock and the other in the southern part.

The Salal mineral claims cover the southern part of a 25 square mile stock which has the major target on the property, known as Float Creek. The Float Creek area is strategically located on the southwest end of a molybdenum anomaly which measures 2100 by 5200 metres.

Management intends to undertake additional geochemical sampling and mapping programs on the property in September.

Further Information

Please feel free to call investor relations toll-free at 1-877-990-1122 to receive a full corporate investor's package.

About AAA Energy Inc.

AAA Energy Inc. is a publicly traded natural resource exploration company with offices in Canada and Xian, China. AAA Energy Inc. aims to secure and develop a portfolio of high quality natural and mineral resource properties internationally and in under-explored North American-based resource horizons. The company is currently positioning itself in strategic oil and gas basins located in China. AAA Energy Inc. trades on the NASDAQ OTC BB under the ticker symbol: AAAE.

On behalf of the Board

Bruno Fruscalzo, President

Contact Information

  • Contacts:
    AAA Energy Inc.
    Investor Relations
    Toll Free: 1-877-990-1122