SOURCE: Alaska Pacific Energy Corp.

December 08, 2010 09:00 ET

Alaska Pacific in Talks to Develop Mining Project in Tanzania

CARLSBAD CA--(Marketwire - December 8, 2010) - ALASKA PACIFIC ENERGY "APEC" (OTCBB: ASKE) is pleased to announce that APEC is now negotiating to purchase certain rights and options for a large property in Tanzania, measuring 30 kilometers by 30 kilometers. It is located in a very well known mining territory adjacent to mining areas already in production. This area meets the company's requirements due to its ease of maintaining compliance, easy access and much lower cost of operations compared to North America.

Tanzania has become one of the fastest-emerging gold producers in Africa, and is now the continent's third-largest gold-producing country after South Africa and Ghana. Alaska Pacific looks forward to announcing more specific details shortly. 

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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.

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