SOURCE: Americas Energy Company

December 31, 2009 06:00 ET

Americas Energy Company Completes Initial Financing

KNOXVILLE, TN--(Marketwire - December 31, 2009) - Americas Energy Company (OTCBB: AENY), a publicly traded company currently based out of British Columbia, and Americas Energy Company, Inc. ("AECo"), based out of Knoxville, Tennessee, announced today that AECo has completed its initial $1,000,000 financing. The $1,000,000 financing is part of the Definitive Agreement between the two companies entered into on August 26, 2009, whereby AENY will acquire AECo. The two companies have expanded their financing arrangement to include an additional $8,000,000 to complete the acquisition of other properties including the Evans Coal Company as announced by AECo on November 24, 2009.

"The completion of this initial funding has allowed us to acquire three high quality energy assets that include coal, oil and natural gas in Kentucky and Tennessee. In the past 3 months we have begun production and delivered our first shipments of oil from AECo Well #1; delivered the first production of coal from our Upland Church property; and completed the drilling of our Bledsoe, Tennessee coal property. We are moving forward with our engineers to develop a comprehensive mining plan designed to maximize our production," said Chris Headrick, President and Co-CEO of AECo. Mr. Headrick added, "The successes we experienced in 2009 are representative of 5 years of hard work by the AECo team. I cannot say how much I appreciate the efforts made by my executive team, our sub-contract partners and our investors... I can't wait to start the New Year!"

About Americas Energy Company

We are a consolidator of high quality energy properties, operating out of our main offices in Knoxville, TN. We currently operate projects in both Kentucky and Tennessee. AECo invests in energy projects throughout the Americas. We are currently evaluating several additional coal projects, as well as an oil and gas rework project in Southeastern Kentucky.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the failure to complete the business combination between AECo -- Tennessee and AENY -- British Columbia, the future market price of AENY common stock and the ability to obtain the necessary financing.

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