SOURCE: AAA Energy Inc.

March 10, 2008 06:00 ET

AAA Energy Inc. Reviews LiJiaWa Moly Prospect

RENO, NV--(Marketwire - March 10, 2008) - AAA Energy Inc. (OTCBB: AAAE) (FRANKFURT: AAV) (WKN: A0MUFJ) is pleased to provide an initial geological review of the LiJiaWa molybdenum prospect, one of the China molybdenum prospects visited in a recent trip to China by its President Dr. Earl Abbott (see news release dated December 12, 2007).

Located in Shaanxi Province, China, the LiJiaWa Prospect is about 135 kilometers east of the city of Xi'an. It can be reached by traveling east from Xi'an along a system of highways and paved roads to within 3 kilometers of the prospect.

Regional Geology

LiJiaWa lies in the Qinling-Dabie orogenic belt formed in the Mesozoic Era by the collision of the Yangtze craton and the North China craton creating a terrain several hundred kilometers long of complex geology and extensive mineralization. This period of orogenic activity accounts for China's largest molybdenum deposits, 75% of China's gold production, at least 50% of China's copper production, the largest tungsten deposits in the world, and significant deposits of a host of other metals. All of this mineralization is the result of granitoid bodies that were episodically intruded between 220 and 140 million years ago.

LiJiaWa is within a portion of the Qinling Mineral Belt called the Xiao-Qin-Ling Metallurgical Belt where China's two largest molybdenum mines are located. The Jinduicheng Molybdenum Mine, in far western Shaanxi Province, produces 25 million pounds of molybdenum per year while China Molybdenum produces 24 million pounds of molybdenum per year from its mine at Luanchuan in eastern Henan Province. LiJiaWa is about 20 kilometers east of the Jinduicheng Mine. The source of the molybdenum, lead, and zinc that are mined in this area is believed to be granitic bodies about 140 million years old that intrude metamorphic rocks of the Neo-Proterozoic Era 800 to 600 million years old.

Property Geology

Rocks occurring on the property are volcanic and sedimentary rocks of Neo-Proterozoic age that have been metamorphosed to amphibolite grade and are now very fine-grained biotite schist. Metamorphism has resulted in the destruction of any original bedding or other depositional features resulting in a metamorphic foliation that trends northwest-southeast. Mesozoic age igneous rocks intrude the above metamorphic rocks in the central part of the property. A west-northwest trending granite porphyry stock, about 1,500 meters long 700 meters wide is the youngest igneous body on the property. It intrudes a larger area of syenite porphyry. Diabase dikes of unknown age also intrude the metamorphic rocks.

A total of four different sets of faults that cross-cut each other are known on the property. They trend from west-northwest to northeast and to northwest. All of the faults dip steeply north.

A total of 19 trenches are depicted on maps produced by the previous operators. Results of mapping and sampling of four of the trenches as well as drilling and sampling of 8 holes for a total of nearly 3,350 meters were evaluated and will be discussed in future news releases.

Further Information

About AAA Energy Inc.

AAA Energy Inc. is a publicly traded mineral and natural resource exploration company with its head office located in Reno, Nevada. AAA Energy Inc. aims to secure and develop a portfolio of high quality resource properties globally and in under-explored resource horizons. AAA Energy Inc. trades on the NASDAQ OTC BB under the ticker symbol: AAAE.

On behalf of the Board

Dr. Earl Abbott, President

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that AAA Energy Inc. can identify and successfully negotiate leases for natural and mineral resource properties in China and elsewhere, and that the Company can participate in the exploration of these resource properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.

Contact Information

  • Contacts:
    AAA Energy Inc.
    Investor Relations in Europe:
    0800 22 338 8259

    Investor Relations in North America:
    1 516 659 6677