Americas Petrogas Inc.
TSX VENTURE : BOE

Americas Petrogas Inc.

August 30, 2010 12:58 ET

Americas Petrogas Completes 3D Seismic Program on Gobernador Ayala IV and Begins Processing

CALGARY, ALBERTA--(Marketwire - Aug. 30, 2010) - Americas Petrogas Inc. ("Americas Petrogas" or the "Company") (TSX VENTURE:BOE) is pleased to announce that it has completed a 3D seismic acquisition program on Gobernador Ayala IV (59,800 acres or 242 square kilometers) and has begun processing the 3D seismic data. Upon completion of processing, the Company will begin interpreting the results. Gobernador Ayala represents the 6th block for which the Company has 3D seismic data.

Commenting on this, Barclay Hambrook, President and CEO stated, "This seismic program on Gobernador Ayala supports our goal of adding value and drilling inventory to our expansive portfolio of oil and gas blocks in Argentina."

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 complete processing and begin interpreting seismic results, 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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