[env-trinity] Oil America Group Inc. Doubles Gold Claim Acreage (Push out the little guys in dredgers, and this is what you're gonna get...coming to the Trinity first!)

Joshua Allen trinityjosh at gmail.com
Thu Nov 19 21:23:13 PST 2009


*SOURCE: American Energy Production Inc.*
 Nov 19, 2009 08:30 ET
 American Energy Production Inc. Announces Wholly Owned Subsidiary Oil
America Group Inc. Doubles Gold Claim Acreage
*Highlighted Links

*
http://www.marketwire.com/press-release/American-Energy-Production-Inc-1079268.htm

lMacReport Media
Publishing<http://www2.marketwire.com/mw/mmframe?prid=560991&attachid=1119350>

MINERAL WELLS, TX--(Marketwire - November 19, 2009) - American Energy
Production Inc. ("AENP") (OTCBB:
AENP<http://www.marketwire.com/mw/stock.jsp?Ticker=AENP>)
announced today that it's wholly owned subsidiary Oil America Group Inc.
("OAG") has signed a letter of intent to acquire an additional 200 acres of
Placer Gold Claims in Trinity County, California. 140 acres is contiguous
with the previously announced 200 acres currently operated by OAG in a joint
venture with Dorado Gold LLC. The remaining 60 acres is located close to
Helena, California where the Trinity River runs through the property. This
is very prolific Gold mining country that shows tremendous commercial
promise.

Joe Christopher, President of OAG and Gold Project manager, said, "We are
very excited with the opportunity of acquiring more Placer Gold Claims in
the same vicinity as the Dorado Gold processing operations. With access to
water and our existing equipment we can transition into producing this
adjoining Gold Claim faster and more efficiently and keep the entire area
environmentally friendly."

Charles Bitters, President of AENP, stated, "We are adding more Gold Claim
acreage in the Trinity area because of two fundamental reasons, number one
is competition from other potential mining operations that might enter the
area and two, there is significant potential for finding additional large
deposits of Gold along the Canyon Creek proven area. Gold is currently
making new record highs almost every day (currently over $1100/troy oz.).
With the economy in such disarray, an expert economist projects that in two
years there could be double digit inflation and the Gold price could rise to
$1,500.00 to $2,000.00/oz. AENP will now have a very profitable hedge
against the declining dollar and the increasing demand for Gold. The country
of India purchased $6.5 billion dollars worth of IMF Gold this past week and
we believe many countries will be purchasing Gold to reduce their dollar
holdings over the next few months. Gold will become the 'new currency.'
These purchases, coupled with increasing private demand, could make Gold and
Gold related investments a very exciting investment over the next few
years."

Gold has been mined in Trinity County, Calif. since the 1880s. A tremendous
amount of Gold has been mined in the county, along with related noble metals
such as silver and platinum. The largest platinum nugget ever found in the
US was found in Trinity County in 1920. In 1917, 25,000 ounces of Gold was
produced in Trinity County. This amount of Gold produced at today's prices
would represent approximately $27,000,000.00.

Mr. Christopher's Gold team has almost completed a magnetic grid map on the
Dorado 40 Gold claim. This map will show potential "hot spots" or areas
where there are black sand deposits. Where you find black sand you often
find commercial quantities of Placer Gold. This should allow much more
efficient recovery of the Gold, reducing the amount of earth moving. This
type of Gold recovery operation is one that does not require the use of any
chemicals and is a totally green operation and thus is environmentally
friendly.

Statements contained in this release, which are not historical facts, may be
considered "forward-looking statements" and are based on current
expectations and the current economic environment. We caution the reader
that such forward-looking statements are not guarantees of future
performance. Unknown risk, uncertainties, as well as other uncontrollable or
unknown factors could cause actual results to materially differ from the
result, performance, or expectations expressed or implied by such
forward-looking statements.
 Contact:

American Energy Production Inc.
Charles Bitters
940-445-0698
http://www.americanenergyproduction.com

or

Oil America Group Inc.
Joe Christopher
972-386-0601
Jchristopher at oilamericagroup.com
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