Americas Petrogas Inc.
TSX VENTURE : BOE

Americas Petrogas Inc.

February 23, 2009 16:07 ET

Americas Petrogas Inc. Extends Purchase Warrant Expiry Dates

CALGARY, ALBERTA--(Marketwire - Feb. 23, 2009) - Americas Petrogas Inc. ("API" or the "Company") (TSX VENTURE:BOE) announces that, subject to receipt of applicable stock exchange approval, it has extended the exercise dates of all issued and outstanding common share purchase warrants ("Warrants") by seven months. All other terms of the Warrants including the exercise price remain unchanged. The following table sets out details of each class of Warrants including the original and new expiry date of such Warrants.



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Number of
Class of Warrants Original Issue Original New Expiry Exercise
Warrants issued Date Expiry Date Date Price
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March 31,
Class A 1,050,000 Jan. 17, 2007 2009 Oct. 31, 2009 Cdn $0.86
230,000 Feb. 28, 2007
265,000 March 9, 2007
47,000 March 22, 2007
175,000 April 3, 2007

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April 26,
Class B 5,948,000 April 26, 2007 2009 Nov. 26, 2009 US $0.55
2,384,950 June 15, 2007
1,250,000 June 26, 2007

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Class C 638,500 July 30, 2007 July 30, 2009 Feb. 28, 2010 US $0.55
Class C 10,639,000 Aug. 23, 2007 Feb. 23, 2009 Sept. 23, 2009 Cdn $0.86
October 3,
Class C 1,313,000 October 3, 2007 2009 May 3, 2010 Cdn $0.86
Class C 25,000 Nov. 10, 2007 Nov. 10, 2009 June 10, 2010 Cdn $0.86

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Class D 626,968 May 26, 2008 May 26, 2009 Dec 26, 2009 US $1.60

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Class E 2,387,800 June 5, 2008 June 5, 2009 Jan 5, 2010 Cdn $1.20
Class E 4,357,400 June 13, 2008 June 13, 2009 Jan 13, 2010
Class E 191,065 June 19, 2008 June 19, 2009 Jan 19, 2010
Class E 36,750 June 27, 2008 June 27, 2009 Jan 27, 2010
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About Americas Petrogas Inc.

Americas Petrogas is a junior international oil and gas exploration and development company focused primarily on the acquisition, exploration and development of oil and gas properties in Latin America. Americas currently has working interests ranging from 40% to 75% (and averaging 68% working interest) in eleven oil and gas concessions in Argentina, covering an area of approximately 1.37 million acres. In addition to its oil and gas properties, Americas also now holds a 70% working interest in the Bayovar potash concession located in north western Peru.

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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