Americas Petrogas Provides Update on Argentina and Peru Operations

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Americas Petrogas (BOE.V) today provided an update on its activities in Argentina and Peru.

Argentina

Conventional Light Oil

For the third quarter of 2012, Americas Petrogas has continued to increase production and sell oil from two of its conventional blocks, Medanito Sur and Rinconada Norte, both operated by the Company. During October 2012, average production exceeded 3,000 bopd (net) representing an increase of approximately 36% over the average daily production during the third quarter.

Peru

GrowMax Agri Corp., owned 80% by the Company, continues to advance on its potash and phosphates projects in Peru through its Peruvian subsidiary, Americas Potash Peru SA. Recently, Americas Potash Peru acquired an additional approximately 10,000 hectares of concession lands in the Sechura Desert with potential for phosphates and other minerals.



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