Amseco Exploration Ltd.
TSX VENTURE : AEL

Amseco Exploration Ltd.

November 30, 2009 11:33 ET

Amseco Appoints Reynald Couillard as Director, Grants Additional Options and Calls its Annual General and Special Meeting of Shareholders

MONTREAL, QUEBEC--(Marketwire - Nov. 30, 2009) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") is pleased to announce, subject to regulatory approval, the appointment of Reynald Couillard to its board of directors effective immediately. The board of directors has granted 200,000 stock options to Mr. Couillard exercisable for a period of five years at $0.10 per share. Mr. Couillard replaces Daniel Coch who recently resigned. The Board wishes to thank Mr. Coch for his valuable insight and experience while he sat on the Board of Directors.

Reynald Couillard is a well known businessman. He was the owner of a number of companies in the structural steel, electrical HVAC and plumbing contracting industries as well as others in various sectors. Mr. Couillard has long been involved in real estate and in the construction of large scale projects in Canada. He sat on several boards of directors including: IAAQ "Institut d'Armature d'Acier du Quebec", RSIC "Reinforced Steel Institute of Canada") et AECQ "Association des entrepreneurs en construction du Quebec" where he also acted as President as well as the "Commission de la Construction du Quebec". He graduated from McGill University Institute of Corporate Directors in 2007.

The board of directors is pleased to welcome Mr. Couillard and looks forward to his contribution to the Company's future endeavors.

Amseco wishes to inform investors that it has granted the following share purchase options:



Roger Bourgault 350,000

Nicolas Patry 125,000


These options give the holder the right to purchase shares of Amseco at a price of $0.10 per share for a period of five (5) years from their grant date.

Amseco will hold its Annual General and Special Meeting of Shareholders "AGM" on December 21, 2009 at 10:00 AM. The following topics are on the Agenda:

- Election of the Directors;

- Renewal of the mandate of the Auditors;

- Increase in the number of Options that can be granted under the Share Purchase Option Plan to three million four hundred thousand (3,400,000)

- Reduction of the Option exercise price for the currently granted Options from $0.32 and $0.25 respectively to $0.10 per share;

- Amendment to the Corporation Bylaws reducing to five percent (5%) the quorum needed to properly constitute an AGM of the shareholders.

The two (2) resolutions dealing with the Share Purchase Option Plan issues must be adopted by a majority of the disinterested shareholders before becoming effective. The Directors, officers, employees and consultants of the Corporation to whom Options have been granted will not vote on these resolutions. To obtain more information on the AGM Agenda the reader is invited to consult the Amseco Exploration Ltd. profile found on the www.SEDAR.com web site.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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