SOURCE: American Resource Technologies, Inc.

November 29, 2007 10:00 ET

American Resource Technologies, Inc. Announces New Project

LEWISVILLE, TX--(Marketwire - November 29, 2007) - American Resource Technologies, Inc. (formerly Golden Chief Resources, Inc.) (OTCBB: ARUR) (PINKSHEETS: ARUR) has entered into an agreement with another energy company who will provide the funds to deepen and re-work eight existing wells in southeastern Kansas. American Resources will receive a "carried interest" in the project. Operations are beginning this week and will take until early in 2008 to complete.

About American Resource Technologies, Inc.

The company is based in Lewisville, Texas. Additional information about the Company is available at

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Where this statement includes "forward-looking" statements within the meaning of Section 27A of the Securities Act, the Company desires to take advantage of the "safe harbor" provisions thereof. Therefore, the Company is including this statement for the express purpose of availing itself of the protections of such safe harbor provisions with respect to all of such forward-looking statements. The forward-looking statements in this announcement reflect the Company's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated. In this announcement, the words "anticipates," "believes, "expects," "intends," "future" and similar expressions identify forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that may arise after the date hereof. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this statement.

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