Americas Petrogas Inc.
TSX VENTURE : BOE

Americas Petrogas Inc.

December 29, 2010 10:22 ET

Americas Petrogas Announces Grant of Options to Directors and Officers

CALGARY, ALBERTA--(Marketwire - Dec. 29, 2010) -

Americas Petrogas Inc. ( the "Company") (TSX VENTURE:BOE) announces that it has granted stock options to purchase up to 4,700,000 common shares of the Company to directors and officers of the Company. The options have an exercise price of $1.50 per common share, vest over two years and shall expire on December 28, 2015.

Certain statements in this Press Release constitute forward-looking statements under applicable securities legislation. Such forward-looking statements 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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