Amseco Exploration Ltd.

Amseco Exploration Ltd.

February 01, 2011 12:42 ET

Amseco to Start its 2011 Diamond Drill Program at Flagship Malartic Property, Quebec

MONTRÉAL, QUEBEC--(Marketwire - Feb. 1, 2011) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") and Les Mines J.A.G. Ltée. ( Symbol: TSX-Venture:"JML") are pleased to announce the start of a 3,000 meter diamond drill program focused on examining the gold potential for the Malartic JV property located 25 km Northwest of Val-d'Or, QC, and about 7 km North of the town of Malartic,Quebec.

The Malartic Property is made up of twenty (20) contiguous mineral claims covering an area of 720 hectares located within the Malartic Township, Quebec (NTS-32D-01). The property is the object of a Joint-Venture agreement between Amseco Exploration Ltd. and Les Mines JAG Ltée.

Magma Drilling has completed its mobilization onto the property and drilling is now scheduled to begin on the first hole this week.

The 2011 drilling program is designed to test several newly discovered exploration targets within the property for their gold mineralization potential as outlined by the recently completed Induced Polarization (IP) and Magnetics surveys along with the integration, compilation and interpretation of all available historical data covering the property. The 2011 diamond drill program will consist of ten (10) inclined holes with each hole measuring approximately 300 meters in length.

The first set of four (4) holes will test the presence of several sub-parallel geophysical anomalies located proximal to the contact between rocks belonging to the Cadillac Group and those of the Blake River Group.

A second set of three (3) additional holes will test the presence of a series of sub-parallel geophysical anomalies associated with a high magnetic signature located close to the contact between rocks belonging to the Kewagama Group and the Blake River Group.

The final set of three (3) holes will test an area located within the north-central portion of the property situated adjacent to the northwest/southeast oriented Norlartic-Norbenite Fault, where the recently completed Induced Polarization (IP) and Magnetic surveys outlined the presence of geophysical anomalies, highlighted by the presence of several conductors associated with a high Magnetic signature.

Luciano Vendittelli, P. Geo. (Quebec) and Roger Moar, P. Geo. (Quebec), the consulting geologists on the Malartic property, are Qualified Persons under National Instrument NI-43-101.

Luciano Vendittelli, P. Geo. (Quebec), is responsible for the preparation of this press release.

Forward Looking Statements

This news release may contain certain forward looking statements within the meaning of the Canadian securities legislation. These forward looking statements relate to the company's future exploration plans, activities and expenditures with regards to the property. The forward looking statements within this news release represent the company's management best knowledge and judgment based on the current facts available at the time of this news release. Forward looking statements involve a certain amount of known and unknown risks and factors which may cause the actual results and achievements of the company to be materially different from the company's expectations, objectives and projections.

We seek safe harbor

Neither 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 this release.

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