Mr. Barclay Hambrook reports

AMERICAS PETROGAS ANNOUNCES SHAREHOLDER APPROVAL OF PROPOSED TRANSACTION WITH TECPETROL

At Americas Petrogas Inc.'s annual and special meeting of shareholders held on July 29, 2015, shareholders of the company approved all matters put before them, including the sale by the company of the outstanding common shares of Americas Petrogas Argentina SA to Tecpetrol International SA and Tecpetrol Internacional SL, and related transactions. Of the votes cast by shareholders at the meeting, 127,305,237 shares, or 89.4 per cent, were voted in favour of the transaction.

At the meeting, shareholders also elected each of the seven management nominees as a director of the company for the ensuing year, with each nominee receiving more than 82 per cent of votes in favour of his election. The directors are:

• Barclay Hambrook;
• Carlos Lau;
• Ken Geren;
• Ron Ho;
• Rakesh Kapur;
• Ross C. McCutcheon;
• Dr. Easton Wren.

Shareholders also reapproved the company's stock option plan, in accordance with the requirements of the TSX Venture Exchange, and ratified and approved an amended and restated shareholder rights plan, which amends and restates the company's previous amended and restated shareholder rights plan dated Dec. 13, 2012, between the company and Computershare Trust Company of Canada. The rights plan will be in effect for three years. A copy of the rights plan will be made available for review on SEDAR, and reference should be made to the full text of the rights plan for the details of its provisions.

The transaction, the option plan and the rights plan are each subject to the final approval by the TSX-V. Closing of the transaction is subject to satisfaction of all conditions precedent to its completion, and is expected to occur in August, 2015.

We seek Safe Harbor.