American Energy Fields Receives Technical Report 

PHOENIX, AZ - American Energy Fields, Inc. reported that the Company has received a technical report compliant with National Instrument 43-101 standards for the Artillery Peak Project located in Mohave County, Arizona, reporting an inferred mineral resource (as defined under the Canadian Institute of Mining, Metallurgy and Petroleum guidelines) of 2,807,000 pounds of U3O8.

The Artillery Peak property consists of 86 unpatented lode mining claims located on U.S. Bureau of Land Management Land about 110 miles southeast of Kingman, Arizona in the vicinity of the Anderson Uranium Mine. The property is within the Date Creek Basin, a geologic region that, when taken as a whole, has been estimated to contain 1.2 billion pounds of U3O8 mineralization. A number of companies explored the Artillery Peak property in the 1960s-1970s, including Hecla Mining, Getty Oil, Homestake Mining, and Public Service Company of Oklahoma, with a combined total of 443 exploration drill holes. The most recent exploration was conducted by Universal Uranium in 2007, resulting in 35 exploration drill holes. Although the 2,807,000 pounds of U3O8 is categorized as an inferred resource, the report recommends conducting additional exploration drilling and concludes that the resource has a good potential to be categorized into a higher resource category. The company's address is 3266 W. Galveston Dr., Suite 101, Apache Junction, AZ 85120.