Kisan International Trading FZE

March 31, 2011 17:16 ET

Kisan International Trading FZE: News Release

DUBAI, UNITED ARAB EMIRATES--(Marketwire - March 31, 2011) - Kisan International Trading FZE ("Kisan") announces that it has acquired 4,422,200 common shares ("Shares") of Americas Petrogas Inc. (TSX VENTURE:BOE) ("Americas Petrogas" or the "Company") pursuant to the conversion of the balance of principal debt outstanding under a previously issued Unsecured Convertible Promissory Note (the "Note").

After giving effect to the acquisition of the Shares, Kisan has beneficial ownership, direction or control over an aggregate of 28,160,500 common shares of Americas Petrogas, representing approximately 15.3% of the current issued and outstanding Shares of the Company. Following the conversion, the principal amount of the loan from Americas Petrogas to Kisan has been fully satisfied.

Kisan acquired the Shares for investment purposes and may, from time to time on an individual or joint basis, acquire additional securities of Americas Petrogas, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.

A copy of the early warning report in respect of these acquisitions has been filed with the applicable securities commissions and can be found at www.sedar.com.

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 this release.

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