SOURCE: American Resource Technologies, Inc.

October 16, 2007 11:28 ET

American Resource Technologies, Inc. to Drill Additional Well

LEWISVILLE, TX--(Marketwire - October 16, 2007) - American Resource Technologies, Inc. (formerly Golden Chief Resources, Inc.) (OTCBB: ARUR) (PINKSHEETS: ARUR) announces they have been informed by their operator an Intent to Drill a new well was filed on the Lindley lease in Montgomery County, Kansas to test the Arbuckle formation. A rig moved onto location over the weekend and began drilling. So far, indications from the samples recovered and drilling parameters are very encouraging.

Additionally, the Company's President Fred Oden will be interviewed Thursday, October 18 on at 11:00 am CDT.

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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