SOURCE: American Resource Technologies, Inc.

December 06, 2007 12:49 ET

American Resource Technologies, Inc. Reports on Latest Well Completions

LEWISVILLE, TX--(Marketwire - December 6, 2007) - American Resource Technologies, Inc. (formerly Golden Chief Resources, Inc.) (OTCBB: ARUR) (PINKSHEETS: ARUR) was informed by the operator that initial completion operations have been completed on the Lindley #1-07 located in Montgomery County, Kansas. Initial swabbing tests were very encouraging, and based on them if the oil-water ratio improves to as little as thirty percent (30%), this well could produce approximately 55 barrels of oil per day. At today's prices, our twenty-five percent (25%) working interest could receive approximately $26,000 of revenue per month. It should be noted these figures are calculated from swabbing results and are NOT a projection of daily oil production. We plan to produce the well for several weeks before actual production figures are released.

The operator also reported they have set production strings on the Ownbey #9 and #10 and are in the process of laying the flow lines and electric lines. These wells will be placed on production as soon as the tanks are delivered and final connections completed. We anticipate bringing them on line by the end of the year.

In regard to the Company's shares, we were pleased to note that on December 5, 2007 the Company's shares were reported as having the fifteenth (15th) largest percentage price increase on the over the counter market of 61.11%. This may have been the result of the Company's shares being listed as a "stock to watch" on at least one financial website.

About American Resource Technologies, Inc.

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

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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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