PHOENIX, May 25, 2011 (GLOBE NEWSWIRE) -- American Energy Fields, Inc. (OTCBB:AEFI) today issued the following Letter to Shareholders from CEO Joshua Bleak.
Our thoughts are with those affected by the 9.0 earthquake in Sendai-Tohoku, north eastern Japan on March 11, and the tsunami that followed, and with the entire nation of Japan. These tragic events have impacted the lives of many individuals and the entire nation of Japan, and we wish the best for the people of Japan as they begin to rebuild. The ongoing crisis at the Fukushima Daiichi nuclear plant in the aftermath of earthquake and tsunami has only worsened the intensity of the already tragic events.
The result of this crisis has had a negative impact on the nuclear industry, and our company has been no exception. Although the aftermath of the situation in Japan will likely have a suppressing effect on the industry in the coming months, recent indications appear to be positive. Furthermore, in our analysis, the intensified scrutiny of the nuclear industry will likely lead to long-term improvement in technological advancement and safety of operations. Despite the short-term setbacks that the industry is facing, in the long term, we anticipate that uranium will remain at the forefront of meeting global energy needs.
At American Energy Fields, we believe that our long-term prospects are bright. Where others may remain dormant until public sentiment improves, we will advance opportunities to increase our foothold in the industry. As such, we are exploring a diverse range of opportunities in our continuing efforts to maximize shareholder value. The time is right to seek property acquisitions that will bolster our uranium holdings. Our exploration program will remain on track to evaluate both our near term mining opportunities as well as our large-scale exploration targets. Our strategy will continue to focus on the vital global need of providing clean, low cost energy to a growing population.
We thank you for your continuing support during these challenging times. In the coming weeks, we will release an update of our current activities and future plans to most effectively address the changes in the industry. Please contact us at any time to discuss our corporate strategy or any other issue.
Joshua D. Bleak
American Energy Fields, Inc.
About American Energy Fields
American Energy Fields is a publicly traded exploration and development company pursuing a goal of becoming the next U.S. uranium producer. The Company is dedicated to acquiring, developing, and producing uranium with a strategic focus on the mineral-rich southwestern United States. Drawing on management's experience in natural resource sectors and one of the nation's most prolific mining databases for energy related projects, the Company believes it is on a fast-track to developing energy resources vital to America's needs.
Safe Harbor Statement: Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.
CONTACT: Corporate Office: 3266 W Galveston Dr. Suite #101, Apache Junction Arizona 85120 480-288-6530 www.americanenergyfields.com Investor Relations: email@example.com