SOURCE: American Resource Technologies, Inc.

December 20, 2007 12:32 ET

American Resource Technologies, Inc. Reports Increased Revenues

LEWISVILLE, TX--(Marketwire - December 20, 2007) - American Resource Technologies, Inc. (formerly Golden Chief Resources, Inc.) (OTCBB: ARUR) (PINKSHEETS: ARUR) reports that in the fiscal year ending September 30, 2007 the Company's oil revenue increased more than sixty-five per cent (65%). This increase is due to bringing several new wells on line during the Company's fiscal fourth quarter. This information will be reflected in the Company's 10-KSB which will be filed early in January.

The Company's operator has also advised the Company the Lindley 4-07 well located in Montgomery County, Kansas is being completed as a producer and production casing will be set today. Additionally, the Lindley 1-07 is ready for production when the electric utility makes power available to the lease.

Since the Company began drilling operations more than a year ago, we have drilled 11 wells, all of which have been completed as producers, and reworked 6 wells, all successfully completed and placed in production.

About American Resource Technologies, Inc.

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

Click here to join our email alert list: http://www.b2i.us/irpass.asp?BzID=1377&to=ea&s=0

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.

Contact Information

  • Contact:
    Pinnacle Consulting Group, Inc.
    866-843-1137
    Email Contact
    www.pcginc.us

    American Resource Technologies, Inc.
    896 N. Mill Street, Suite 203
    Lewisville, Texas 75057
    972 219-8585