<div id="mwSources">
<div class="mwSource">
<p><strong>SOURCE: American Energy Production Inc.</strong></p>
</div>
</div>
<div id="timestamp">Nov 19, 2009 08:30 ET</div>
<div id="releaseHeadline">
<h1>American Energy Production Inc. Announces Wholly Owned Subsidiary Oil America Group Inc. Doubles Gold Claim Acreage</h1>
</div>
<div class="releaseLink"><div><b>Highlighted Links<br><br></b></div><a href="http://www.marketwire.com/press-release/American-Energy-Production-Inc-1079268.htm">http://www.marketwire.com/press-release/American-Energy-Production-Inc-1079268.htm</a><br>
<br>l<a href="http://www2.marketwire.com/mw/mmframe?prid=560991&attachid=1119350">MacReport Media Publishing</a></div>
<p>MINERAL WELLS, TX--(Marketwire - November 19, 2009) - American Energy Production Inc. ("AENP")
(OTCBB: <a href="http://www.marketwire.com/mw/stock.jsp?Ticker=AENP">AENP</a>) 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.
</p><p>
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."
</p><p>
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."
</p><p>
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.
</p><p>
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.
</p><p>
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.
</p>
<div class="releaseContact">
Contact:<br><br>American Energy Production Inc.<br>Charles Bitters<br>940-445-0698<br><a href="http://www.americanenergyproduction.com/">http://www.americanenergyproduction.com</a><br><br>or<br><br>Oil America Group Inc.<br>
Joe Christopher<br>972-386-0601<br><a href="mailto:Jchristopher@oilamericagroup.com">Jchristopher@oilamericagroup.com</a>
</div>
<div id="nav_links">
<a href="http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=27870">Click here to see all recent news from this company
</a>
</div>