Mr. Larry Reaugh reports

AMERICAN MANGANESE INC.: ARTILLERY PEAK ELECTROLYTIC MANGANESE MARKET STUDY AWARDED TO CPM GROUP

American Manganese Inc. has commissioned CPM Group to develop an electrolytic manganese market study for the company's Artillery Peak manganese project located in Mojave county, Arizona.

"The market study represents a major component of the previously announced preliminary feasibility study that is currently under way and is scheduled for completion this fall," says Larry Reaugh, president and chief executive officer.

About CPM Group

CPM Group is the world's premier commodities research and consulting company. The company is heavily focused on precious, industrial and specialty metals, in addition to undertaking research and analysis across all commodities markets. In the ferroalloy industry CPM Group has developed a top-rated expertise in molybdenum, vanadium and chromium, as well as other minor metals. CPM Group provides a suite of research and consulting services related to the financial management of commodities exposure, including fundamental market research and analysis, consulting and advisory services, commodities management and asset management services, and investment banking advisory. Founded in 1986, CPM Group has extensive experience in commodities research, trading, banking and financing. CPM Group is known for its research and analysis of the metals markets, its overall economic analysis of commodities markets, and its expertise in financial engineering, using derivatives to structure optimized positions for commercial hedgers and institutional and high net worth individual investors.

About manganese

China controls electrolytic manganese production (EMM) supplying and producing 97.44 per cent of the world's needs (2.6 billion pounds per year).

There is no substitute for manganese in steel (total manganese market greater than 30 billion pounds per year, fourth largest traded metal).

Manganese is the most critical metal at risk to supply and restriction in the United States as there is no U.S. production. EMM's greatest uses are the upgrading of specialty steel (47 per cent) and the manufacture of aluminum alloys (32 per cent) and electronics (14 per cent).

China has a 20-per-cent export duty on EMM, and the U.S. has a 14-per-cent import duty (U.S. price $1.81 per pound); the current world price for electrolytic manganese metal is about $1.52 per pound. Manganese resources are declining in China especially carbonate ores for production of EMM, forcing Chinese companies to seek production offshore.

The overall manganese market grew at 8 per cent per year to 30 billion pounds up to 2008. EMM market grew at 26 per cent per year from 2003 to 2008 to 2.6 billion pounds per year.

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