SOURCE: Alaska Pacific Energy Corp.

December 20, 2010 08:08 ET

Alaska Pacific Completes Negotiations to Purchase Gold Property in Tanzania

CARLSBAD CA--(Marketwire - December 20, 2010) - ALASKA PACIFIC ENERGY CORP. "APEC" (OTCBB: ASKE) is pleased to announce that APEC has now completed negotiations to acquire a gold property in Tanzania for the purpose of further exploration and development. Final contracts are underway and the company expects the contract process to take several more days upon which time additional project details related to the transaction will be released along with contract specifics. The company looks forward to entering into this new business phase.

About Alaska Pacific Energy Corp.

Alaska Pacific Energy Corp. is an emerging public company listed on the OTC Bulletin Board in the USA (OTCBB: ASKE).

Safe Harbor Statement; under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information