Mr. Abby Badwi reports

AMERICAS PETROGAS ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Americas Petrogas Inc. has closed its non-brokered private placement of two million units to its recently appointed chairman and director, Abdel Badwi, at a price of 25 cents per unit for an aggregate offering price of $500,000. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to acquire one common share in the capital of the company at a price of 25 cents per common share for a period of three years from the date of closing provided that the trading price of the common shares is 75 cents or higher for not less than 10 consecutive trading days on the TSX Venture Exchange. The proceeds from the offering will be used for general corporate purposes.

The private placement of units to Mr. Badwi is a related-party transaction as defined in Multilateral Instrument 61-101 -- protection of minority security holders in special transaction, as adopted by TSX-V Policy 5.9. The private placement of units is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the units being issued to Mr. Badwi nor the consideration being paid by Mr. Badwi will exceed 25 per cent of the company's market capitalization.

We seek Safe Harbor.