SOURCE: Americas Energy Company

March 17, 2010 09:58 ET

Americas Energy Company Obtains Artemus Surface and Deep Mine Permits

KNOXVILLE, TN--(Marketwire - March 17, 2010) - Americas Energy Company-AECo (OTCBB: AENY) is pleased to announce that the Kentucky Office of Surface Mining has granted AENY its mine permit for the Artemus Surface and Deep Mines will be issued on April 1, 2010. The permit encompasses more than 695 acres in Knox County, Kentucky.

"The granting of this permit is anticipated to increase AENY's coal production substantially. We expect to improve our productions from 11,000 tons per month on the Upland Church operation and the projected 15,000-18,000 tons per month on our Highway 92 project, to approximately 50,000 total tons of clean coal per month by the end of May 2010. We are finalizing contract negotiations with prospective contract miners and plan to immediately begin surface mining operations on or about April 1, 2010," said Chris Headrick, President and CEO of Americas Energy Company. Mr. Headrick added, "This permit includes three surface mine areas, 2 deep mine permits, and 13+ miles of high wall mining area. Under the right conditions, production on this permit could be increased to as much as 200,000 tons per month. The Artemus property will be producing the very desirable Kentucky Blue Gem, a specialty coal used in the production of silicon and ferrosilicon metals. We will also be producing the Jellico and Lily Seams, both are similar in chemical characteristics to the Kentucky Blue Gem."

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. AENY 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: This press release contains certain "forward-looking statements" as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties that may arise, the failure to obtain necessary approvals, the future market price of AENY common stock and the ability to obtain the necessary financing. Such factors are detailed from time to time in AENY's filings with the United States Securities and Exchange Commission and other regulatory authorities.

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