American Energy Fields Acquires Artillery Peak Uranium Project 

PHOENIX, AZ - American Energy Fields, Inc. reported that it has acquired the Artillery Peak uranium project. The Company's historic records indicate 1.7 million pounds of uranium was previously identified through exploration. The property consists of 1,777 acres of Federal land and is located 112 miles Northeast of Phoenix, Arizona.

There has been significant exploration work completed on the property, including over 400 holes drilled by Jacquays Mining, Homestake Mining, Hecla Mining, Getty Oil, Public Service Company of Oklahoma, and Santa Fe Mining between the 1950s-1970s. A 1979 report by Central and South West Fuels Inc. found that the northern portion of the property contains a historical resource of 1.7 million pounds U3O8 with an average grade of 0.113%. In 2007/2008 new exploration was conducted which included 34 additional drill holes to verify historic drilling and further delineate mineralization. In 1979, the Department of Energy conducted an evaluation of the Date Creek Basin and the Artillery Mountains where they estimated that the area could contain as much as 1,260,000,000 pounds of U3O8.

The Company will begin a preliminary exploration program to verify the historic data reported by Central and South West Fuels Inc.

The company''s address is 3266 W Galveston Dr., Suite 101, Apache Junction, AZ 85120, 480-288-6530, www.americanenergyfields.com.