Americas Petrogas Inc.
TSX VENTURE : BOE

Americas Petrogas Inc.

September 21, 2010 09:42 ET

Americas Petrogas Announces Completion of Drilling and Casing of Its Second Well on Los Toldos II

CALGARY, ALBERTA--(Marketwire - Sept. 21, 2010) -

Americas Petrogas Inc. ("Americas Petrogas" or the "Company") (TSX VENTURE:BOE) is pleased to announce that it has drilled and cased the LTN.x-2 exploration well, the 2nd of three exploration wells on its approximately 180 square kilometer or 44,000 acre Los Toldos II block.

The rig is being moved to the next location for drilling of the 3rd well in this program. The total of three selected well locations is a result of API's recent 3D seismic acquisition and interpretation over the entire block. API's Los Toldos II is near several producing fields in the Neuquen Basin.

Barclay Hambrook, President and CEO, stated, "We are looking forward to testing the two cased wells, LTN.x-1 and LTN.x-2, in the forthcoming weeks to fully assess their potential."

About Americas Petrogas Inc.

Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX Venture Exchange under the symbol "BOE". Americas Petrogas has oil and gas exploration, development and production activities, and has interests in close to 1,800,000 acres of land in Argentina's most prolific Neuquen Basin. In Peru, through GrowMax Agri Corp., Americas Petrogas is developing a surface potash (and other minerals) brine reservoir and evaporite deposit at Bayovar in the Sechura Desert of Northwest Peru. Management, along with its partner/investor IFFCO, intends to build GrowMax into a potash and specialty fertilizers company.

Certain statements in this Press Release constitute forward-looking statements under applicable securities legislation. Such forward-looking statements, such as the expectation to drill three wells and to test the two already-cased wells involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels and timing of activity and achievements to differ materially from those expressed or implied by such information.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.

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